Cerity Partners LLC Grows Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Cerity Partners LLC lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 29.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,743 shares of the semiconductor company’s stock after acquiring an additional 1,083 shares during the quarter. Cerity Partners LLC’s holdings in Monolithic Power Systems were worth $2,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Alps Advisors Inc. boosted its position in Monolithic Power Systems by 40.4% in the first quarter. Alps Advisors Inc. now owns 556 shares of the semiconductor company’s stock worth $322,000 after purchasing an additional 160 shares during the last quarter. Allworth Financial LP boosted its position in Monolithic Power Systems by 21.9% in the first quarter. Allworth Financial LP now owns 189 shares of the semiconductor company’s stock worth $110,000 after purchasing an additional 34 shares during the last quarter. Bridges Investment Management Inc. purchased a new position in Monolithic Power Systems in the first quarter worth about $201,000. Linden Thomas Advisory Services LLC boosted its position in Monolithic Power Systems by 3.1% in the first quarter. Linden Thomas Advisory Services LLC now owns 4,121 shares of the semiconductor company’s stock worth $2,390,000 after purchasing an additional 124 shares during the last quarter. Finally, Greenleaf Trust boosted its position in Monolithic Power Systems by 6.1% in the first quarter. Greenleaf Trust now owns 1,023 shares of the semiconductor company’s stock worth $593,000 after purchasing an additional 59 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Trading Up 1.6%

Shares of MPWR opened at $725.24 on Friday. The business’s 50 day moving average is $710.15 and its 200 day moving average is $641.90. The company has a market capitalization of $34.72 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 2.83 and a beta of 1.20. 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 earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The firm’s quarterly revenue was up 39.2% on a year-over-year basis. During the same quarter last year, the company earned $2.81 EPS. Equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 0.86%. The ex-dividend date was Monday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 16.56%.

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $698.00, for a total value of $69,800.00. Following the sale, the director owned 676 shares of the company’s stock, valued at $471,848. The trade was a 12.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Theodore Blegen sold 6,000 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total value of $4,500,000.00. Following the completion of the sale, the chief financial officer directly owned 46,939 shares in the company, valued at approximately $35,204,250. The trade was a 11.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,200 shares of company stock valued at $13,046,800 in the last quarter. 3.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

MPWR has been the topic of several research reports. Rosenblatt Securities reissued a “neutral” rating and issued a $644.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. TD Cowen raised their price objective on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. KeyCorp raised their price objective on Monolithic Power Systems from $820.00 to $940.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Wells Fargo & Company raised their price objective on Monolithic Power Systems from $695.00 to $730.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Stifel Nicolaus decreased their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $802.33.

Monolithic Power Systems Company 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.