Monolithic Power Systems, Inc. $MPWR Shares Acquired by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 46.8% during the 2nd quarter, Holdings Channel reports. The fund owned 269,179 shares of the semiconductor company’s stock after acquiring an additional 85,777 shares during the quarter. First Trust Advisors LP’s holdings in Monolithic Power Systems were worth $196,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in MPWR. Fortress Financial Solutions LLC grew its stake in shares of Monolithic Power Systems by 1.7% in the second quarter. Fortress Financial Solutions LLC now owns 709 shares of the semiconductor company’s stock worth $518,000 after purchasing an additional 12 shares in the last quarter. Wedmont Private Capital grew its position in Monolithic Power Systems by 1.3% in the 2nd quarter. Wedmont Private Capital now owns 1,068 shares of the semiconductor company’s stock valued at $802,000 after buying an additional 14 shares in the last quarter. Gilbert & Cook Inc. grew its position in Monolithic Power Systems by 2.3% in the 2nd quarter. Gilbert & Cook Inc. now owns 655 shares of the semiconductor company’s stock valued at $479,000 after buying an additional 15 shares in the last quarter. Confluence Wealth Services Inc. increased its stake in Monolithic Power Systems by 0.9% during the 2nd quarter. Confluence Wealth Services Inc. now owns 2,067 shares of the semiconductor company’s stock valued at $1,511,000 after buying an additional 19 shares during the period. Finally, NewSquare Capital LLC raised its position in shares of Monolithic Power Systems by 76.0% during the 2nd quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after buying an additional 19 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $1,024.43, for a total transaction of $3,073,290.00. Following the sale, the chief financial officer owned 74,332 shares in the company, valued at $76,147,930.76. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Saria Tseng sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $926.47, for a total transaction of $18,529,400.00. Following the completion of the sale, the executive vice president owned 187,331 shares of the company’s stock, valued at approximately $173,556,551.57. This trade represents a 9.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 102,426 shares of company stock valued at $94,860,304 over the last ninety days. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Down 0.6%

MPWR opened at $952.74 on Friday. The firm has a market cap of $45.65 billion, a PE ratio of 24.33, a P/E/G ratio of 3.24 and a beta of 1.47. The business has a fifty day simple moving average of $963.25 and a 200-day simple moving average of $836.85. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, October 30th. The semiconductor company reported $4.73 EPS for the quarter, beating the consensus estimate of $4.62 by $0.11. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.The business had revenue of $737.18 million during the quarter, compared to the consensus estimate of $720.66 million. During the same period in the prior year, the business posted $4.06 earnings per share. Monolithic Power Systems’s revenue was up 18.9% compared to the same quarter last year. On average, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 15.93%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Rosenblatt Securities increased their price target on Monolithic Power Systems from $800.00 to $950.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Monolithic Power Systems in a research note on Wednesday, October 8th. Cowen restated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, October 31st. Finally, William Blair raised Monolithic Power Systems to a “strong-buy” rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus price target of $1,047.27.

Monolithic Power Systems Company Profile

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.