585 Shares in Monolithic Power Systems, Inc. $MPWR Acquired by Talon Private Wealth LLC

Talon Private Wealth LLC acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the first quarter, HoldingsChannel reports. The firm acquired 585 shares of the semiconductor company’s stock, valued at approximately $640,000.

Several other hedge funds also recently bought and sold shares of MPWR. Merit Financial Group LLC boosted its position in Monolithic Power Systems by 183.9% in the 4th quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock valued at $2,499,000 after buying an additional 1,786 shares during the period. Fideuram Asset Management Ireland dac purchased a new position in shares of Monolithic Power Systems during the fourth quarter worth approximately $3,983,000. Mirabaud Asset Management Ltd bought a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $4,424,000. B. Metzler seel. Sohn & Co. AG raised its stake in shares of Monolithic Power Systems by 45.9% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 2,448 shares of the semiconductor company’s stock valued at $2,219,000 after acquiring an additional 770 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Monolithic Power Systems by 37.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,070 shares of the semiconductor company’s stock valued at $81,636,000 after purchasing an additional 24,657 shares during the period. Institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Saria Tseng sold 7,565 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the sale, the executive vice president owned 144,218 shares of the company’s stock, valued at $245,170,600. This trade represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Deming Xiao sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the sale, the executive vice president directly owned 205,959 shares in the company, valued at approximately $340,769,463.45. The trade was a 12.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 69,370 shares of company stock worth $112,702,503. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on MPWR shares. Oppenheimer set a $1,700.00 price objective on Monolithic Power Systems in a research note on Friday, May 1st. Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Raymond James Financial reiterated an “outperform” rating and issued a $1,800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 1st. Truist Financial set a $1,805.00 price target on Monolithic Power Systems in a research report on Friday, May 1st. Finally, Wells Fargo & Company cut their price target on Monolithic Power Systems from $1,860.00 to $1,700.00 and set an “overweight” rating on the stock in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus price target of $1,657.27.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $1,249.95 on Thursday. The firm’s 50 day moving average price is $1,448.73 and its 200-day moving average price is $1,310.96. Monolithic Power Systems, Inc. has a 52-week low of $706.00 and a 52-week high of $1,714.09. The company has a market cap of $61.41 billion, a PE ratio of 90.12 and a beta of 1.71.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The company had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. Monolithic Power Systems’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.04 earnings per share. On average, analysts forecast that Monolithic Power Systems, Inc. will post 20.2 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $2.00 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 57.68%.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.