4,552 Shares in Monolithic Power Systems, Inc. (NASDAQ:MPWR) Acquired by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV bought a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,552 shares of the semiconductor company’s stock, valued at approximately $2,640,000.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Monolithic Power Systems by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company’s stock valued at $3,446,223,000 after buying an additional 74,046 shares during the period. Price T Rowe Associates Inc. MD increased its position in Monolithic Power Systems by 16.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company’s stock valued at $904,297,000 after purchasing an additional 214,395 shares during the period. Geode Capital Management LLC raised its holdings in shares of Monolithic Power Systems by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company’s stock valued at $807,158,000 after purchasing an additional 31,295 shares in the last quarter. Invesco Ltd. lifted its position in shares of Monolithic Power Systems by 7.5% in the 4th quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company’s stock worth $687,841,000 after purchasing an additional 81,412 shares during the period. Finally, Brown Advisory Inc. lifted its position in shares of Monolithic Power Systems by 0.5% in the 4th quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company’s stock worth $583,420,000 after purchasing an additional 5,274 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MPWR has been the topic of several research reports. TD Cowen lifted their price objective on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Oppenheimer reiterated an “outperform” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, March 21st. KeyCorp reduced their price target on Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Wells Fargo & Company decreased their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an “equal weight” rating for the company in a research note on Friday, March 21st. Finally, Stifel Nicolaus cut their target price 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 research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $786.92.

Insiders Place Their Bets

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $698.00, for a total value of $69,800.00. Following the transaction, the director now owns 676 shares in the company, valued at approximately $471,848. This represents a 12.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the sale, the executive vice president now owns 4,015 shares of the company’s stock, valued at approximately $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,200 shares of company stock valued at $8,546,800. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $673.01 on Friday. The stock’s fifty day moving average price is $629.90 and its 200 day moving average price is $620.27. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The company has a market cap of $32.22 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 2.60 and a beta of 1.19.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The business had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. During the same quarter in the previous year, the firm earned $2.81 earnings per share. The company’s revenue was up 39.2% on a year-over-year basis. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 0.93%. Monolithic Power Systems’s payout ratio is 16.56%.

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.