Praxis Investment Management Inc. Buys Shares of 1,690 Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Praxis Investment Management Inc. bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 1,690 shares of the semiconductor company’s stock, valued at approximately $980,000.

Other institutional investors also recently made changes to their positions in the company. Tradewinds Capital Management LLC raised its position in shares of Monolithic Power Systems by 120.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 24 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $29,000. Itau Unibanco Holding S.A. raised its position in shares of Monolithic Power Systems by 637.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 51 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $41,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $701.00, for a total value of $8,412,000.00. Following the completion of the transaction, the executive vice president now owns 4,015 shares of the company’s stock, valued at approximately $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total value of $65,000.00. Following the completion of the transaction, the director now directly owns 776 shares of the company’s stock, valued at approximately $504,400. The trade was a 11.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,200 shares of company stock worth $8,546,800 in the last three months. 3.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Oppenheimer reiterated an “outperform” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, March 21st. TD Cowen boosted their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Raymond James Financial reiterated an “outperform” rating and issued a $720.00 price target (down from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Rosenblatt Securities reiterated a “neutral” rating and issued a $644.00 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. Finally, KeyCorp lowered their price target on Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $789.42.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $685.90 on Friday. The company has a market cap of $32.84 billion, a P/E ratio of 18.21, a PEG ratio of 2.72 and a beta of 1.19. The stock has a fifty day moving average price of $647.36 and a 200 day moving average price of $624.41. 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 issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $4.00 by $0.04. The firm had revenue of $637.55 million during the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The firm’s revenue was up 39.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.81 EPS. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $1.56 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a yield of 0.91%. Monolithic Power Systems’s 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.