Signaturefd LLC Grows Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Signaturefd LLC increased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 18.2% during the first quarter, HoldingsChannel.com reports. The firm owned 669 shares of the semiconductor company’s stock after acquiring an additional 103 shares during the quarter. Signaturefd LLC’s holdings in Monolithic Power Systems were worth $388,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Leelyn Smith LLC increased its holdings in Monolithic Power Systems by 5.6% in the 1st quarter. Leelyn Smith LLC now owns 3,131 shares of the semiconductor company’s stock worth $1,816,000 after acquiring an additional 165 shares in the last quarter. Fortress Financial Solutions LLC lifted its position in Monolithic Power Systems by 18.7% in the first quarter. Fortress Financial Solutions LLC now owns 697 shares of the semiconductor company’s stock worth $404,000 after buying an additional 110 shares during the last quarter. CWM LLC lifted its position in shares of Monolithic Power Systems by 79.0% during the first quarter. CWM LLC now owns 2,434 shares of the semiconductor company’s stock worth $1,412,000 after purchasing an additional 1,074 shares during the last quarter. Emerald Advisers LLC increased its stake in shares of Monolithic Power Systems by 9.7% during the first quarter. Emerald Advisers LLC now owns 1,499 shares of the semiconductor company’s stock valued at $869,000 after buying an additional 132 shares during the period. Finally, Ballentine Partners LLC purchased a new position in shares of Monolithic Power Systems during the first quarter valued at $221,000. Institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other news, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $698.00, for a total value of $69,800.00. Following the completion of the sale, the director directly owned 676 shares in the company, valued at $471,848. The trade was a 12.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Theodore Blegen sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the completion of the transaction, the chief financial officer owned 46,939 shares of the company’s stock, valued at approximately $35,204,250. The trade was a 11.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,200 shares of company stock valued at $13,046,800 in the last quarter. Insiders own 3.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Raymond James Financial reiterated an “outperform” rating and issued a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Rosenblatt Securities reaffirmed a “neutral” rating and set a $644.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. TD Cowen increased their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. KeyCorp raised their target price on Monolithic Power Systems from $820.00 to $940.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Finally, Stifel Nicolaus cut their target price on Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average price target of $802.33.

Monolithic Power Systems Trading Down 0.1%

Shares of MPWR opened at $713.57 on Friday. The firm’s 50 day moving average is $708.41 and its 200-day moving average is $640.98. The stock has a market capitalization of $34.17 billion, a PE ratio of 18.94, a P/E/G ratio of 2.83 and a beta of 1.20. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. The firm had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. During the same quarter in the prior year, the business earned $2.81 earnings per share. The business’s quarterly revenue was up 39.2% compared to the same quarter last year. Equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend 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 is currently 16.56%.

About Monolithic Power Systems

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.