First National Advisers LLC Buys Shares of 3,063 Monolithic Power Systems, Inc. $MPWR

First National Advisers LLC purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,063 shares of the semiconductor company’s stock, valued at approximately $2,820,000.

Other hedge funds have also modified their holdings of the company. SJS Investment Consulting Inc. lifted its stake in Monolithic Power Systems by 2,700.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 27 shares in the last quarter. True Wealth Design LLC raised its holdings in shares of Monolithic Power Systems by 61.1% in the third 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 purchased a new stake in shares of Monolithic Power Systems in the third quarter valued at $33,000. Armstrong Advisory Group Inc. boosted its stake in shares of Monolithic Power Systems by 192.9% during the third quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 27 shares during the last quarter. Finally, NewSquare Capital LLC increased its position in Monolithic Power Systems by 76.0% during the 2nd quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 19 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $896.97, for a total transaction of $89,697.00. Following the transaction, the director directly owned 426 shares of the company’s stock, valued at approximately $382,109.22. The trade was a 19.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Saria Tseng sold 20,000 shares of Monolithic Power Systems stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $926.47, for a total transaction of $18,529,400.00. Following the sale, the executive vice president directly owned 187,331 shares in the company, valued at $173,556,551.57. This trade represents a 9.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 71,276 shares of company stock valued at $64,784,323. 3.40% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Up 2.3%

Monolithic Power Systems stock opened at $1,033.17 on Friday. The firm has a fifty day moving average of $942.52 and a 200-day moving average of $893.13. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $1,123.38. The firm has a market capitalization of $49.50 billion, a P/E ratio of 26.38, a PEG ratio of 2.86 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, topping analysts’ consensus estimates of $4.62 by $0.11. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The firm had revenue of $737.18 million during the quarter, compared to analysts’ expectations of $720.66 million. During the same period in the prior year, the company earned $4.06 EPS. The firm’s revenue was up 18.9% on a year-over-year basis. On average, research analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Wednesday, December 31st. Monolithic Power Systems’s dividend payout ratio is currently 15.93%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MPWR shares. Truist Financial upped their target price on shares of Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, December 19th. TD Cowen upped their price objective on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Rosenblatt Securities lifted their target price on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Citigroup increased their price target on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, Wells Fargo & Company lifted their price objective on Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,074.58.

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.