Monolithic Power Systems, Inc. $MPWR Shares Bought by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. boosted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 50.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,300 shares of the semiconductor company’s stock after buying an additional 436 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Monolithic Power Systems were worth $754,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in MPWR. Brighton Jones LLC increased its position in Monolithic Power Systems by 46.0% during the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after buying an additional 200 shares during the period. Farringdon Capital Ltd. acquired a new position in shares of Monolithic Power Systems in the fourth quarter valued at approximately $240,000. GeoWealth Management LLC increased its holdings in shares of Monolithic Power Systems by 73.9% in the fourth quarter. GeoWealth Management LLC now owns 287 shares of the semiconductor company’s stock valued at $170,000 after purchasing an additional 122 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Monolithic Power Systems by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 159,587 shares of the semiconductor company’s stock valued at $94,440,000 after purchasing an additional 10,761 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Monolithic Power Systems by 81.4% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,259 shares of the semiconductor company’s stock valued at $1,928,000 after purchasing an additional 1,462 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $826.47 on Monday. The business’s fifty day moving average price is $744.11 and its 200 day moving average price is $663.44. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The firm has a market capitalization of $39.58 billion, a PE ratio of 21.52, a P/E/G ratio of 3.08 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.09. The company had revenue of $664.57 million for the quarter, compared to analyst estimates of $648.74 million. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%. Monolithic Power Systems’s revenue was up 31.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.17 earnings per share. Equities research analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $1.56 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $6.24 annualized dividend and a yield of 0.8%. Monolithic Power Systems’s dividend payout ratio is 16.25%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, Director Jeff Zhou sold 400 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $850.00, for a total value of $340,000.00. Following the sale, the director owned 5,804 shares of the company’s stock, valued at approximately $4,933,400. This represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 3,000 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $750.00, for a total value of $2,250,000.00. Following the completion of the sale, the chief financial officer owned 43,939 shares in the company, valued at $32,954,250. This represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,599 shares of company stock valued at $38,455,220. Insiders own 3.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MPWR shares. Raymond James Financial reissued an “outperform” rating and issued a $875.00 target price (up previously from $720.00) on shares of Monolithic Power Systems in a report on Friday, August 1st. Wells Fargo & Company boosted their target price on Monolithic Power Systems from $730.00 to $750.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. KeyCorp boosted their target price on Monolithic Power Systems from $940.00 to $950.00 and gave the company an “overweight” rating in a report on Friday, August 1st. TD Cowen boosted their target price on Monolithic Power Systems from $600.00 to $675.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Finally, Stifel Nicolaus boosted their target price on Monolithic Power Systems from $880.00 to $930.00 and gave the company a “buy” rating in a report on Friday, August 1st. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $838.09.

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.