Kestra Private Wealth Services LLC Takes Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Kestra Private Wealth Services LLC bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 811 shares of the semiconductor company’s stock, valued at approximately $512,000.

Several other institutional investors also recently modified their holdings of the business. Massmutual Trust Co. FSB ADV grew its holdings in shares of Monolithic Power Systems by 12.3% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 182 shares of the semiconductor company’s stock valued at $115,000 after acquiring an additional 20 shares in the last quarter. Greenleaf Trust grew its holdings in Monolithic Power Systems by 2.2% during the fourth quarter. Greenleaf Trust now owns 957 shares of the semiconductor company’s stock valued at $604,000 after purchasing an additional 21 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in Monolithic Power Systems by 1.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,188 shares of the semiconductor company’s stock valued at $749,000 after purchasing an additional 21 shares during the period. Alliance Wealth Advisors LLC UT grew its holdings in Monolithic Power Systems by 3.0% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 760 shares of the semiconductor company’s stock valued at $479,000 after purchasing an additional 22 shares during the period. Finally, Arlington Trust Co LLC grew its holdings in Monolithic Power Systems by 56.1% during the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 23 shares during the period. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $733.05 on Tuesday. Monolithic Power Systems, Inc. has a 1 year low of $392.10 and a 1 year high of $778.15. The company has a market cap of $35.67 billion, a PE ratio of 87.37, a P/E/G ratio of 3.64 and a beta of 1.22. The stock’s 50-day moving average is $679.01 and its 200 day moving average is $619.52.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.17). The firm had revenue of $454.01 million for the quarter, compared to the consensus estimate of $452.13 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. Analysts expect that Monolithic Power Systems, Inc. will post 10.05 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.68%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. Monolithic Power Systems’s payout ratio is presently 59.59%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the sale, the executive vice president now directly owns 130,744 shares of the company’s stock, valued at approximately $89,145,181.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $681.83, for a total value of $7,500,130.00. Following the sale, the executive vice president now directly owns 130,744 shares of the company’s stock, valued at approximately $89,145,181.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael Hsing sold 2,790 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $680.00, for a total value of $1,897,200.00. Following the completion of the sale, the chief executive officer now directly owns 915,193 shares in the company, valued at $622,331,240. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,077 shares of company stock valued at $30,986,274. 3.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MPWR. Oppenheimer increased their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Wells Fargo & Company increased their target price on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. TD Cowen increased their target price on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Needham & Company LLC restated a “buy” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Finally, KeyCorp increased their target price on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $743.78.

Monolithic Power Systems 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.