Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Bought by First Hawaiian Bank

First Hawaiian Bank boosted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 7,665 shares of the semiconductor company’s stock after buying an additional 265 shares during the quarter. First Hawaiian Bank’s holdings in Monolithic Power Systems were worth $6,298,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Monolithic Power Systems during the 4th quarter worth $362,477,000. BNP Paribas Financial Markets grew its stake in Monolithic Power Systems by 95.1% during the 1st quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock worth $206,712,000 after purchasing an additional 148,771 shares in the last quarter. UBS Group AG grew its stake in Monolithic Power Systems by 100.4% during the 4th quarter. UBS Group AG now owns 194,286 shares of the semiconductor company’s stock worth $122,552,000 after purchasing an additional 97,357 shares in the last quarter. Vanguard Group Inc. grew its stake in Monolithic Power Systems by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 5,464,066 shares of the semiconductor company’s stock worth $3,446,624,000 after purchasing an additional 90,589 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Monolithic Power Systems by 10.0% during the 4th quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock worth $592,251,000 after purchasing an additional 85,676 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling

In other news, EVP Deming Xiao sold 1,300 shares of Monolithic Power Systems stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $769.40, for a total value of $1,000,220.00. Following the sale, the executive vice president now owns 206,418 shares of the company’s stock, valued at $158,818,009.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Kuo Wei Herbert Chang sold 200 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $735.00, for a total transaction of $147,000.00. Following the transaction, the director now owns 941 shares of the company’s stock, valued at $691,635. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Deming Xiao sold 1,300 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $769.40, for a total value of $1,000,220.00. Following the completion of the sale, the executive vice president now directly owns 206,418 shares of the company’s stock, valued at approximately $158,818,009.20. The disclosure for this sale can be found here. Insiders sold a total of 88,709 shares of company stock valued at $71,147,068 over the last three months. 3.20% of the stock is currently owned by company insiders.

Monolithic Power Systems Trading Up 1.4 %

Shares of Monolithic Power Systems stock traded up $10.81 on Friday, hitting $795.76. The stock had a trading volume of 1,366,777 shares, compared to its average volume of 590,092. Monolithic Power Systems, Inc. has a 52-week low of $392.10 and a 52-week high of $891.67. The stock has a market cap of $38.74 billion, a price-to-earnings ratio of 94.85, a P/E/G ratio of 3.92 and a beta of 1.11. The company’s 50 day moving average price is $810.38 and its 200 day moving average price is $729.24.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, beating the consensus estimate of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.63% and a net margin of 21.70%. The business had revenue of $507.40 million during the quarter, compared to the consensus estimate of $490.66 million. During the same period in the previous year, the business earned $2.05 EPS. The business’s quarterly revenue was up 15.0% on a year-over-year basis. Analysts predict that Monolithic Power Systems, Inc. will post 10.37 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Friday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Analysts Set New Price Targets

A number of brokerages have issued reports on MPWR. KeyCorp lifted their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a report on Friday. Oppenheimer lifted their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. Truist Financial lifted their price target on Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a report on Friday. Rosenblatt Securities lifted their price target on Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, Raymond James lifted their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a report on Friday. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $862.30.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.