Monolithic Power Systems, Inc. $MPWR Shares Bought by Oak Harvest Investment Services

Oak Harvest Investment Services grew its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 35.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,267 shares of the semiconductor company’s stock after acquiring an additional 848 shares during the quarter. Oak Harvest Investment Services’ holdings in Monolithic Power Systems were worth $3,008,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MPWR. WPG Advisers LLC acquired a new position in shares of Monolithic Power Systems in the first quarter worth about $27,000. NewSquare Capital LLC boosted its stake in Monolithic Power Systems by 76.0% in the 2nd quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 19 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in Monolithic Power Systems during the 2nd quarter worth approximately $36,000. Armstrong Advisory Group Inc. raised its stake in Monolithic Power Systems by 192.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 27 shares during the period. Finally, AdvisorNet Financial Inc raised its position in Monolithic Power Systems by 306.3% during the second quarter. AdvisorNet Financial Inc now owns 65 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 49 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 27,966 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $881.66, for a total value of $24,656,503.56. Following the transaction, the executive vice president owned 148,306 shares of the company’s stock, valued at approximately $130,755,467.96. The trade was a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 3,000 shares of Monolithic Power Systems stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $913.22, for a total value of $2,739,660.00. Following the completion of the transaction, the chief financial officer directly owned 37,940 shares of the company’s stock, valued at $34,647,566.80. This represents a 7.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 87,516 shares of company stock worth $81,283,355. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Down 1.7%

Shares of NASDAQ MPWR opened at $930.04 on Tuesday. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $1,123.38. The company has a market cap of $44.56 billion, a P/E ratio of 23.75, a P/E/G ratio of 3.20 and a beta of 1.47. The business’s 50 day moving average is $961.42 and its two-hundred day moving average is $870.43.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, topping 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 company had revenue of $737.18 million for the quarter, compared to analyst estimates of $720.66 million. During the same quarter last year, the firm earned $4.06 EPS. Monolithic Power Systems’s revenue for the quarter was up 18.9% compared to the same quarter last year. Sell-side analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Monolithic Power Systems’s dividend payout ratio is currently 15.93%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Needham & Company LLC raised their price target on shares of Monolithic Power Systems from $820.00 to $1,025.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Wolfe Research set a $1,200.00 target price on shares of Monolithic Power Systems and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Weiss Ratings restated a “buy (b-)” rating on shares of Monolithic Power Systems in a report on Friday. TD Cowen upped their price target on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Truist Financial lifted their price objective on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the company a “buy” rating in a research report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus target price of $1,074.58.

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.