Moloney Securities Asset Management LLC Makes New Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Moloney Securities Asset Management LLC purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,350 shares of the semiconductor company’s stock, valued at approximately $1,109,000.

Other hedge funds also recently modified their holdings of the company. Dynamic Advisor Solutions LLC boosted its position in shares of Monolithic Power Systems by 3.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after acquiring an additional 12 shares during the last quarter. Baader Bank Aktiengesellschaft boosted its position in shares of Monolithic Power Systems by 0.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 1,831 shares of the semiconductor company’s stock worth $1,153,000 after acquiring an additional 14 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Monolithic Power Systems by 23.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 15 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in shares of Monolithic Power Systems by 2.8% in the second quarter. Valeo Financial Advisors LLC now owns 558 shares of the semiconductor company’s stock worth $458,000 after acquiring an additional 15 shares during the last quarter. Finally, American National Bank raised its holdings in Monolithic Power Systems by 1.5% in the fourth quarter. American National Bank now owns 1,060 shares of the semiconductor company’s stock valued at $669,000 after buying an additional 16 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MPWR has been the topic of several research reports. Truist Financial raised their price target on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Rosenblatt Securities raised their price target on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a report on Monday, July 29th. Oppenheimer raised their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. TD Cowen lifted their price objective on shares of Monolithic Power Systems from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $912.30.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Saria Tseng sold 37,093 shares of Monolithic Power Systems stock in a transaction on Monday, July 1st. The shares were sold at an average price of $808.20, for a total value of $29,978,562.60. Following the completion of the transaction, the executive vice president now owns 166,428 shares of the company’s stock, valued at $134,507,109.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Deming Xiao sold 10,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the completion of the transaction, the executive vice president now owns 29,714 shares of the company’s stock, valued at $28,228,300. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Saria Tseng sold 37,093 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $808.20, for a total transaction of $29,978,562.60. Following the transaction, the executive vice president now directly owns 166,428 shares of the company’s stock, valued at approximately $134,507,109.60. The disclosure for this sale can be found here. Insiders sold a total of 106,215 shares of company stock valued at $88,496,208 over the last 90 days. 3.20% of the stock is owned by company insiders.

Monolithic Power Systems Trading Up 0.4 %

Shares of NASDAQ:MPWR opened at $934.68 on Friday. The company has a fifty day simple moving average of $850.14 and a 200 day simple moving average of $761.05. The firm has a market cap of $45.50 billion, a PE ratio of 111.40, a price-to-earnings-growth ratio of 3.92 and a beta of 1.11. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. The business had revenue of $507.40 million during the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.63%. The business’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.05 earnings per share. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.37 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Friday, June 28th. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

Monolithic Power Systems 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.