Golden State Wealth Management LLC Raises Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Golden State Wealth Management LLC raised its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 124.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 148 shares of the semiconductor company’s stock after purchasing an additional 82 shares during the quarter. Golden State Wealth Management LLC’s holdings in Monolithic Power Systems were worth $86,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 200 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of Monolithic Power Systems by 45.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 4,233 shares of the semiconductor company’s stock valued at $2,505,000 after purchasing an additional 1,331 shares during the period. SVB Wealth LLC acquired a new position in shares of Monolithic Power Systems in the fourth quarter valued at about $215,000. Jacobi Capital Management LLC acquired a new position in shares of Monolithic Power Systems in the fourth quarter valued at about $207,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Monolithic Power Systems by 10.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 272 shares of the semiconductor company’s stock valued at $164,000 after purchasing an additional 25 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MPWR shares. Raymond James Financial reissued an “outperform” rating and issued a $720.00 price objective (down from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Rosenblatt Securities reissued a “neutral” rating and issued a $644.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 2nd. Wells Fargo & Company raised their target price on Monolithic Power Systems from $665.00 to $695.00 and gave the stock an “equal weight” rating in a report on Monday, June 16th. TD Cowen raised their target price on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Finally, Stifel Nicolaus dropped their target price on Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $789.42.

Insider Buying and Selling

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $698.00, for a total transaction of $69,800.00. Following the transaction, the director owned 676 shares in the company, valued at approximately $471,848. This represents a 12.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $701.00, for a total value of $8,412,000.00. Following the transaction, the executive vice president owned 4,015 shares in the company, valued at $2,814,515. This represents a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,200 shares of company stock worth $8,546,800 in the last quarter. 3.40% of the stock is currently owned by company insiders.

Monolithic Power Systems Trading Down 0.6%

Shares of MPWR stock opened at $731.38 on Tuesday. The company has a market capitalization of $35.02 billion, a P/E ratio of 19.42, a P/E/G ratio of 2.92 and a beta of 1.19. The business’s 50 day moving average is $670.78 and its two-hundred day moving average is $629.69. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.00 by $0.04. The company had revenue of $637.55 million for the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. Monolithic Power Systems’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.81 earnings per share. On average, research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $1.56 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a yield of 0.85%. Monolithic Power Systems’s dividend payout ratio is currently 16.56%.

About Monolithic Power Systems

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.