Monolithic Power Systems, Inc. $MPWR Holdings Raised by Emerald Advisers LLC

Emerald Advisers LLC grew its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,526 shares of the semiconductor company’s stock after purchasing an additional 27 shares during the period. Emerald Advisers LLC’s holdings in Monolithic Power Systems were worth $1,116,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. OneDigital Investment Advisors LLC purchased a new stake in shares of Monolithic Power Systems during the first quarter valued at $204,000. Jackson Wealth Management LLC raised its position in Monolithic Power Systems by 29.5% during the first quarter. Jackson Wealth Management LLC now owns 2,896 shares of the semiconductor company’s stock valued at $1,680,000 after buying an additional 659 shares during the period. DAVENPORT & Co LLC raised its position in Monolithic Power Systems by 52.6% during the first quarter. DAVENPORT & Co LLC now owns 653 shares of the semiconductor company’s stock valued at $379,000 after buying an additional 225 shares during the period. Clear Creek Financial Management LLC acquired a new position in Monolithic Power Systems during the first quarter valued at $405,000. Finally, Novem Group raised its position in Monolithic Power Systems by 33.6% during the first quarter. Novem Group now owns 1,757 shares of the semiconductor company’s stock valued at $1,019,000 after buying an additional 442 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $1,094.08 on Thursday. The firm has a market cap of $52.40 billion, a price-to-earnings ratio of 28.49, a P/E/G ratio of 4.05 and a beta of 1.27. The business’s 50-day simple moving average is $922.85 and its 200-day simple moving average is $777.74. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,123.38.

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

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, September 30th. Monolithic Power Systems’s dividend payout ratio is presently 16.25%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Jeff Zhou sold 193 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $870.00, for a total value of $167,910.00. Following the sale, the director directly owned 5,611 shares in the company, valued at $4,881,570. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Theodore Blegen sold 3,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $913.22, for a total transaction of $2,739,660.00. Following the transaction, the chief financial officer owned 37,940 shares in the company, valued at approximately $34,647,566.80. The trade was a 7.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 83,842 shares of company stock valued at $72,387,683 in the last quarter. Company insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Citigroup upped their price target on Monolithic Power Systems from $825.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Oppenheimer reaffirmed an “outperform” rating and set a $800.00 price target (up from $700.00) on shares of Monolithic Power Systems in a research note on Tuesday, July 15th. KeyCorp raised their price target on Monolithic Power Systems from $1,050.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Stifel Nicolaus raised their price target on Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Finally, Wolfe Research set a $1,200.00 price target on Monolithic Power Systems and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $963.18.

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.