First National Bank of Omaha Buys Shares of 2,787 Monolithic Power Systems, Inc. $MPWR

First National Bank of Omaha purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,787 shares of the semiconductor company’s stock, valued at approximately $2,566,000.

A number of other institutional investors have also modified their holdings of MPWR. True Wealth Design LLC boosted its position in Monolithic Power Systems by 61.1% in the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 11 shares during the period. Fortress Financial Solutions LLC increased its holdings in shares of Monolithic Power Systems by 1.7% in the 2nd quarter. Fortress Financial Solutions LLC now owns 709 shares of the semiconductor company’s stock valued at $518,000 after acquiring an additional 12 shares during the last quarter. Cromwell Holdings LLC increased its stake in Monolithic Power Systems by 9.2% in the third quarter. Cromwell Holdings LLC now owns 143 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 12 shares during the last quarter. Sagespring Wealth Partners LLC grew its position in shares of Monolithic Power Systems by 2.4% in the 3rd quarter. Sagespring Wealth Partners LLC now owns 512 shares of the semiconductor company’s stock valued at $471,000 after buying an additional 12 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Monolithic Power Systems by 2.5% during the third quarter. UMB Bank n.a. now owns 492 shares of the semiconductor company’s stock worth $453,000 after purchasing an additional 12 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $1,188.32 on Thursday. The firm has a market capitalization of $56.93 billion, a P/E ratio of 93.27, a PEG ratio of 2.97 and a beta of 1.45. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,250.00. The company’s fifty day moving average is $1,038.95 and its two-hundred day moving average is $959.15.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, topping the consensus estimate of $4.74 by $0.05. Monolithic Power Systems had a return on equity of 18.09% and a net margin of 22.07%.The business had revenue of $751.16 million for the quarter, compared to analyst estimates of $741.69 million. During the same quarter in the previous year, the company earned $4.09 EPS. The company’s quarterly revenue was up 20.8% on a year-over-year basis. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $2.00 dividend. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, March 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is 48.98%.

Analysts Set New Price Targets

A number of analysts recently weighed in on MPWR shares. Rosenblatt Securities increased their price target on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Oppenheimer reaffirmed an “outperform” rating and set a $1,300.00 price objective on shares of Monolithic Power Systems in a research note on Thursday, January 29th. Truist Financial lifted their target price on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Stifel Nicolaus upped their price target on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Finally, KeyCorp upped their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $1,218.42.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 22,875 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the sale, the executive vice president owned 235,932 shares in the company, valued at approximately $276,314,121.12. This represents a 8.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Victor K. Lee sold 1,000 shares of the firm’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $951.72, for a total value of $951,720.00. Following the transaction, the director directly owned 28,567 shares of the company’s stock, valued at $27,187,785.24. The trade was a 3.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 125,726 shares of company stock worth $139,246,648. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Company Profile

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.