HB Wealth Management LLC Has $3.39 Million Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

HB Wealth Management LLC raised its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 674.3% in the first quarter, Holdings Channel reports. The institutional investor owned 5,846 shares of the semiconductor company’s stock after buying an additional 5,091 shares during the quarter. HB Wealth Management LLC’s holdings in Monolithic Power Systems were worth $3,391,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of MPWR. GAMMA Investing LLC increased its position in Monolithic Power Systems by 76,432.3% during the first quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company’s stock worth $451,418,000 after acquiring an additional 777,316 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Monolithic Power Systems by 16.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company’s stock worth $904,297,000 after purchasing an additional 214,395 shares during the period. Siemens Fonds Invest GmbH increased its holdings in shares of Monolithic Power Systems by 18,567.3% during the 4th quarter. Siemens Fonds Invest GmbH now owns 200,487 shares of the semiconductor company’s stock worth $118,628,000 after purchasing an additional 199,413 shares during the period. Alyeska Investment Group L.P. acquired a new position in shares of Monolithic Power Systems during the fourth quarter valued at about $113,547,000. Finally, Ensign Peak Advisors Inc lifted its stake in shares of Monolithic Power Systems by 121.7% in the fourth quarter. Ensign Peak Advisors Inc now owns 337,078 shares of the semiconductor company’s stock valued at $199,449,000 after buying an additional 185,002 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $714.68 on Monday. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64. The business has a fifty day moving average of $709.86 and a two-hundred day moving average of $645.90. The stock has a market cap of $34.22 billion, a PE ratio of 18.97, a PEG ratio of 2.84 and a beta of 1.20.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.00 by $0.04. The business had revenue of $637.55 million during the quarter, compared to analysts’ expectations of $633.43 million. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. The firm’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter last year, the company posted $2.81 EPS. Analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Monday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 16.56%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Oppenheimer restated an “outperform” rating and set a $800.00 price objective (up from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. Wells Fargo & Company raised their target price on Monolithic Power Systems from $695.00 to $730.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Stifel Nicolaus decreased their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Finally, Raymond James Financial restated an “outperform” rating and issued a $720.00 price objective (down previously from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $805.67.

Insider Activity

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $698.00, for a total transaction of $69,800.00. Following the sale, the director owned 676 shares in the company, valued at approximately $471,848. This represents a 12.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $701.00, for a total value of $8,412,000.00. Following the completion of the transaction, the executive vice president directly owned 4,015 shares of the company’s stock, valued at $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,200 shares of company stock worth $13,046,800. Insiders own 3.40% of the company’s stock.

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.