Emerald Advisers LLC Purchases 27 Shares of Monolithic Power Systems, Inc. $MPWR

Emerald Advisers LLC grew its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.8% in the second quarter, Holdings Channel.com reports. The fund owned 1,526 shares of the semiconductor company’s stock after buying an additional 27 shares during the period. Emerald Advisers LLC’s holdings in Monolithic Power Systems were worth $1,116,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of MPWR. Brighton Jones LLC lifted its position in shares of Monolithic Power Systems by 46.0% in the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after acquiring an additional 200 shares during the period. Amalgamated Bank lifted its position in shares of Monolithic Power Systems by 2.2% during the 1st quarter. Amalgamated Bank now owns 10,173 shares of the semiconductor company’s stock worth $5,900,000 after buying an additional 216 shares during the period. Mather Group LLC. lifted its position in shares of Monolithic Power Systems by 127.2% during the 1st quarter. Mather Group LLC. now owns 409 shares of the semiconductor company’s stock worth $237,000 after buying an additional 229 shares during the period. Vontobel Holding Ltd. lifted its position in shares of Monolithic Power Systems by 9.6% during the 1st quarter. Vontobel Holding Ltd. now owns 42,583 shares of the semiconductor company’s stock worth $24,697,000 after buying an additional 3,730 shares during the period. Finally, Clear Creek Financial Management LLC bought a new position in shares of Monolithic Power Systems during the 1st quarter worth approximately $405,000. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $1,094.08 on Thursday. The stock has a fifty day moving average of $922.85 and a 200-day moving average of $777.74. The stock has a market capitalization of $52.40 billion, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 4.05 and a beta of 1.27. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, July 31st. The semiconductor company reported $4.21 EPS for the quarter, beating the consensus estimate of $4.12 by $0.09. The company had revenue of $664.57 million during the quarter, compared to analysts’ expectations of $648.74 million. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%.The business’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same period last year, the firm earned $3.17 EPS. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $1.56 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.6%. Monolithic Power Systems’s payout ratio is 16.25%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MPWR shares. Needham & Company LLC raised their target price on Monolithic Power Systems from $820.00 to $1,025.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Wolfe Research set a $1,200.00 target price on Monolithic Power Systems and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Wells Fargo & Company raised their target price on Monolithic Power Systems from $750.00 to $970.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Rosenblatt Securities reiterated a “neutral” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, August 1st. Finally, Stifel Nicolaus lifted their price objective on Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $963.18.

Insider Buying and Selling

In related news, CFO Theodore Blegen sold 3,000 shares of Monolithic Power Systems stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $913.22, for a total transaction of $2,739,660.00. Following the completion of the sale, the chief financial officer directly owned 37,940 shares of the company’s stock, valued at $34,647,566.80. The trade was a 7.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeff Zhou sold 193 shares of Monolithic Power Systems stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $870.00, for a total value of $167,910.00. Following the sale, the director directly owned 5,611 shares of the company’s stock, valued at approximately $4,881,570. This trade represents a 3.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 83,842 shares of company stock valued at $72,387,683 in the last three months. 3.40% of the stock is currently owned by company insiders.

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.