SRS Capital Advisors Inc. Acquires 67 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

SRS Capital Advisors Inc. raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,154 shares of the semiconductor company’s stock after purchasing an additional 67 shares during the period. SRS Capital Advisors Inc.’s holdings in Monolithic Power Systems were worth $728,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Monolithic Power Systems by 2.4% in the third quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock valued at $2,482,546,000 after purchasing an additional 123,946 shares in the last quarter. FMR LLC increased its stake in Monolithic Power Systems by 35.0% in the third quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock valued at $1,655,717,000 after purchasing an additional 929,009 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Monolithic Power Systems by 0.9% during the third quarter. Wellington Management Group LLP now owns 853,243 shares of the semiconductor company’s stock worth $394,198,000 after acquiring an additional 7,204 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Monolithic Power Systems by 19.0% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 461,087 shares of the semiconductor company’s stock worth $290,844,000 after acquiring an additional 73,564 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Monolithic Power Systems by 6.5% during the third quarter. Northern Trust Corp now owns 459,777 shares of the semiconductor company’s stock worth $212,417,000 after acquiring an additional 28,258 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

MPWR stock traded down $5.67 during trading hours on Friday, reaching $707.22. The stock had a trading volume of 585,707 shares, compared to its average volume of 546,526. The stock has a market capitalization of $34.42 billion, a PE ratio of 84.29, a price-to-earnings-growth ratio of 3.49 and a beta of 1.22. The stock has a 50-day simple moving average of $678.85 and a 200 day simple moving average of $615.35. Monolithic Power Systems, Inc. has a fifty-two week low of $383.19 and a fifty-two week high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.17). The business had revenue of $454.01 million for the quarter, compared to analyst estimates of $452.13 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.47%. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.05 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $1.25 dividend. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.00 annualized dividend and a dividend yield of 0.71%. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $661.85, for a total value of $5,294,800.00. Following the sale, the chief executive officer now owns 891,232 shares of the company’s stock, valued at approximately $589,861,899.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $681.83, for a total value of $7,500,130.00. Following the transaction, the executive vice president now directly owns 130,744 shares of the company’s stock, valued at $89,145,181.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Hsing sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $661.85, for a total value of $5,294,800.00. Following the transaction, the chief executive officer now directly owns 891,232 shares in the company, valued at $589,861,899.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,077 shares of company stock worth $30,986,274. Company insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MPWR shares. TD Cowen increased their price objective on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Truist Financial increased their price objective on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research report on Thursday. Oppenheimer increased their price objective on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Needham & Company LLC reissued a “buy” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Thursday. Finally, Wells Fargo & Company increased their price objective on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $716.90.

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.