Perigon Wealth Management LLC Boosts Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Perigon Wealth Management LLC lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 14.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 526 shares of the semiconductor company’s stock after acquiring an additional 66 shares during the period. Perigon Wealth Management LLC’s holdings in Monolithic Power Systems were worth $332,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Valeo Financial Advisors LLC raised its holdings in Monolithic Power Systems by 4.4% in the 4th quarter. Valeo Financial Advisors LLC now owns 613 shares of the semiconductor company’s stock valued at $387,000 after buying an additional 26 shares during the period. Sapient Capital LLC purchased a new stake in Monolithic Power Systems in the 4th quarter valued at about $17,763,000. Cerity Partners LLC raised its holdings in Monolithic Power Systems by 30.8% in the 4th quarter. Cerity Partners LLC now owns 878 shares of the semiconductor company’s stock valued at $554,000 after buying an additional 207 shares during the period. Executive Wealth Management LLC raised its holdings in Monolithic Power Systems by 2.0% in the 4th quarter. Executive Wealth Management LLC now owns 4,131 shares of the semiconductor company’s stock valued at $2,606,000 after buying an additional 80 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new stake in Monolithic Power Systems in the 4th quarter valued at about $1,300,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $655.53 on Wednesday. Monolithic Power Systems, Inc. has a 12 month low of $383.19 and a 12 month high of $778.15. The business has a 50 day simple moving average of $697.25 and a 200-day simple moving average of $599.75. The stock has a market capitalization of $31.90 billion, a PE ratio of 74.83, a price-to-earnings-growth ratio of 3.46 and a beta of 1.24.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.17). Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. The company had revenue of $454.01 million for the quarter, compared to analysts’ expectations of $452.13 million. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 10.05 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $1.25 dividend. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. This represents a $5.00 annualized dividend and a yield of 0.76%. Monolithic Power Systems’s dividend payout ratio is presently 57.08%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. TD Cowen boosted their price target on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Stifel Nicolaus boosted their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. KeyCorp boosted their price target on shares of Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Oppenheimer boosted their price objective on Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Needham & Company LLC boosted their price objective on Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus price target of $670.30.

Insiders Place Their Bets

In other Monolithic Power Systems news, insider Deming Xiao sold 859 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $680.00, for a total value of $584,120.00. Following the completion of the transaction, the insider now owns 208,580 shares in the company, valued at $141,834,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Monolithic Power Systems news, insider Deming Xiao sold 859 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $680.00, for a total value of $584,120.00. Following the sale, the insider now owns 208,580 shares of the company’s stock, valued at $141,834,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $603.26, for a total value of $1,508,150.00. Following the completion of the sale, the chief financial officer now directly owns 84,768 shares in the company, valued at approximately $51,137,143.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,077 shares of company stock worth $30,357,479. 3.20% of the stock is owned by corporate insiders.

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.