TrueMark Investments LLC Purchases Shares of 611 Monolithic Power Systems, Inc. $MPWR

TrueMark Investments LLC purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the first quarter, HoldingsChannel.com reports. The firm purchased 611 shares of the semiconductor company’s stock, valued at approximately $668,000.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its position in shares of Monolithic Power Systems by 2.1% in the 4th quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company’s stock valued at $1,979,610,000 after purchasing an additional 45,715 shares during the last quarter. Corient Private Wealth LLC grew its position in Monolithic Power Systems by 3,719.6% during the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock worth $1,855,476,000 after purchasing an additional 1,993,576 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Monolithic Power Systems by 7.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company’s stock worth $1,533,013,000 after purchasing an additional 117,596 shares during the last quarter. Invesco Ltd. increased its stake in Monolithic Power Systems by 25.9% during the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock valued at $1,300,345,000 after purchasing an additional 295,556 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Monolithic Power Systems by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 1,382,280 shares of the semiconductor company’s stock worth $1,248,436,000 after buying an additional 44,583 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $1,533.95, for a total transaction of $46,018.50. Following the sale, the executive vice president directly owned 1,179 shares of the company’s stock, valued at approximately $1,808,527.05. This trade represents a 2.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eileen Wynne sold 335 shares of Monolithic Power Systems stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $1,582.68, for a total value of $530,197.80. Following the transaction, the director owned 1,007 shares of the company’s stock, valued at $1,593,758.76. The trade was a 24.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 113,043 shares of company stock valued at $160,843,106 in the last 90 days. 3.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. KeyCorp lifted their price objective on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Oppenheimer set a $1,700.00 target price on Monolithic Power Systems in a research note on Friday, May 1st. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. Finally, Truist Financial set a $1,805.00 price target on Monolithic Power Systems in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average price target of $1,599.17.

Monolithic Power Systems Trading Up 0.5%

MPWR opened at $1,430.71 on Thursday. Monolithic Power Systems, Inc. has a 12-month low of $686.87 and a 12-month high of $1,714.09. The firm has a 50 day moving average of $1,553.02 and a two-hundred day moving average of $1,242.98. The firm has a market capitalization of $70.29 billion, a PE ratio of 103.15, a P/E/G ratio of 2.55 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.90 by $0.20. The business had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same period in the prior year, the firm earned $4.04 EPS. As a group, analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is presently 57.68%.

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.