Monolithic Power Systems, Inc. $MPWR Shares Acquired by Oak Harvest Investment Services

Oak Harvest Investment Services grew its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 17.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,173 shares of the semiconductor company’s stock after purchasing an additional 620 shares during the period. Oak Harvest Investment Services’ holdings in Monolithic Power Systems were worth $5,769,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Corient Private Wealth LLC grew its stake in Monolithic Power Systems by 3,719.6% during the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock worth $1,855,476,000 after buying an additional 1,993,576 shares during the last quarter. Norges Bank purchased a new stake in Monolithic Power Systems in the fourth quarter valued at about $658,656,000. Royal Bank of Canada raised its stake in Monolithic Power Systems by 168.1% in the first quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock valued at $517,557,000 after buying an additional 296,788 shares during the last quarter. Invesco Ltd. boosted its holdings in Monolithic Power Systems by 25.9% in the fourth quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock worth $1,300,345,000 after acquiring an additional 295,556 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Monolithic Power Systems by 56.6% during the fourth quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company’s stock worth $635,770,000 after acquiring an additional 253,653 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $1,362.55 on Friday. The stock has a market cap of $66.96 billion, a PE ratio of 83.54 and a beta of 1.69. The firm has a fifty day moving average price of $1,396.06 and a 200 day moving average price of $1,338.29. Monolithic Power Systems, Inc. has a 1 year low of $800.97 and a 1 year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating the consensus estimate of $5.87 by $0.63. The company had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The firm’s revenue was up 47.6% on a year-over-year basis. During the same period in the prior year, the company earned $4.21 earnings per share. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $2.00 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is presently 49.05%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MPWR shares. Raymond James Financial restated an “outperform” rating on shares of Monolithic Power Systems in a report on Wednesday. Wells Fargo & Company lifted their target price on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. TD Cowen boosted their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Weiss Ratings lowered shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Finally, Wall Street Zen upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,705.82.

Insider Buying and Selling

In related news, Director Kuo Wei Herbert Chang sold 50 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total transaction of $71,000.00. Following the sale, the director directly owned 565 shares of the company’s stock, valued at $802,300. This trade represents a 8.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the transaction, the executive vice president owned 1,119 shares of the company’s stock, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 13,191 shares of company stock worth $21,807,015 over the last ninety days. 3.60% of the stock is owned by corporate insiders.

Monolithic Power Systems Company Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.