Wealthfront Advisers LLC Purchases 2,119 Shares of Monolithic Power Systems, Inc. $MPWR

Wealthfront Advisers LLC increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 38.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,673 shares of the semiconductor company’s stock after acquiring an additional 2,119 shares during the period. Wealthfront Advisers LLC’s holdings in Monolithic Power Systems were worth $6,954,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SJS Investment Consulting Inc. grew its position in Monolithic Power Systems by 2,700.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 27 shares during the last quarter. True Wealth Design LLC grew its position in Monolithic Power Systems by 61.1% during the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 11 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in Monolithic Power Systems during the 3rd quarter worth $33,000. IFP Advisors Inc grew its position in Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Monolithic Power Systems during the 4th quarter worth $34,000. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MPWR. KeyCorp boosted their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Stifel Nicolaus boosted their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Oppenheimer restated an “outperform” rating and set a $1,600.00 price objective on shares of Monolithic Power Systems in a research report on Friday, April 24th. Finally, Citigroup boosted their price objective on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,260.08.

Monolithic Power Systems Trading Up 1.5%

Shares of MPWR opened at $1,526.84 on Thursday. The company has a market capitalization of $75.00 billion, a PE ratio of 119.85, a PEG ratio of 4.02 and a beta of 1.48. Monolithic Power Systems, Inc. has a 12 month low of $562.38 and a 12 month high of $1,661.79. The stock’s 50-day moving average price is $1,219.75 and its two-hundred day moving average price is $1,082.15.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, topping the consensus estimate of $4.74 by $0.05. The firm had revenue of $751.16 million for the quarter, compared to the consensus estimate of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the business earned $4.09 EPS. Equities research analysts predict that Monolithic Power Systems, Inc. will post 17.01 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, March 31st. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 62.79%.

Insider Activity

In other Monolithic Power Systems news, EVP Saria Tseng sold 25,674 shares of Monolithic Power Systems stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $1,010.50, for a total transaction of $25,943,577.00. Following the transaction, the executive vice president directly owned 174,982 shares of the company’s stock, valued at approximately $176,819,311. The trade was a 12.80% 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 Deming Xiao sold 22,875 shares of Monolithic Power Systems stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the transaction, the executive vice president directly owned 235,932 shares in the company, valued at $276,314,121.12. The trade was a 8.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 137,683 shares of company stock worth $158,138,447. 3.40% of the stock is owned by corporate insiders.

Monolithic Power Systems Company Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.