Geneva Capital Management LLC Buys 2,049 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Geneva Capital Management LLC boosted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.6% in the first quarter, HoldingsChannel reports. The firm owned 38,388 shares of the semiconductor company’s stock after acquiring an additional 2,049 shares during the period. Geneva Capital Management LLC’s holdings in Monolithic Power Systems were worth $22,264,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MPWR. Fourth Dimension Wealth LLC purchased a new position in shares of Monolithic Power Systems during the 4th quarter worth $29,000. Itau Unibanco Holding S.A. boosted its stake in shares of Monolithic Power Systems by 637.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 51 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Monolithic Power Systems by 146.4% during the 1st quarter. Meeder Asset Management Inc. now owns 69 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 41 shares during the last quarter. Global Financial Private Client LLC boosted its stake in shares of Monolithic Power Systems by 265.0% during the 1st quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 53 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Monolithic Power Systems during the 1st quarter worth $54,000. Institutional investors own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $701.00, for a total value of $8,412,000.00. Following the sale, the executive vice president directly owned 4,015 shares in the company, valued at $2,814,515. The trade was a 74.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Theodore Blegen sold 6,000 shares of the business’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the completion of the sale, the chief financial officer owned 46,939 shares in the company, valued at approximately $35,204,250. This trade represents a 11.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,200 shares of company stock worth $13,046,800 in the last three months. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Up 10.5%

Shares of MPWR stock opened at $785.62 on Monday. The stock has a market cap of $37.62 billion, a P/E ratio of 20.46, a PEG ratio of 3.12 and a beta of 1.18. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $959.64. The company’s fifty day simple moving average is $715.35 and its two-hundred day simple moving average is $650.95.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $4.21 EPS for the quarter, topping the consensus estimate of $4.12 by $0.09. The business had revenue of $664.57 million for the quarter, compared to analysts’ expectations of $648.74 million. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.17 EPS. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $1.56 dividend. The ex-dividend date was Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.8%. Monolithic Power Systems’s payout ratio is 16.25%.

Analyst Ratings Changes

Several brokerages have recently weighed in on MPWR. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $730.00 to $750.00 and gave the stock an “equal weight” rating in a research note on Friday. Loop Capital lifted their target price on shares of Monolithic Power Systems from $760.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. TD Cowen lifted their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Needham & Company LLC lifted their target price on shares of Monolithic Power Systems from $800.00 to $820.00 and gave the company a “buy” rating in a research note on Friday. Finally, Oppenheimer restated an “outperform” rating and set a $800.00 target price (up previously from $700.00) on shares of Monolithic Power Systems in a research note on Tuesday, July 15th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus price target of $834.45.

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.