First Trust Direct Indexing L.P. Has $778,000 Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

First Trust Direct Indexing L.P. boosted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 30.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,234 shares of the semiconductor company’s stock after purchasing an additional 287 shares during the period. First Trust Direct Indexing L.P.’s holdings in Monolithic Power Systems were worth $778,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MPWR. Arlington Trust Co LLC grew its position in Monolithic Power Systems by 56.1% in the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 23 shares in the last quarter. Operose Advisors LLC bought a new position in shares of Monolithic Power Systems during the 3rd quarter valued at $43,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Monolithic Power Systems in the 4th quarter valued at $43,000. Lindbrook Capital LLC boosted its holdings in Monolithic Power Systems by 137.0% in the fourth quarter. Lindbrook Capital LLC now owns 109 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 63 shares in the last quarter. Finally, Private Trust Co. NA increased its position in Monolithic Power Systems by 145.8% during the fourth quarter. Private Trust Co. NA now owns 118 shares of the semiconductor company’s stock worth $74,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the topic of a number of analyst reports. KeyCorp increased their price objective on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Wells Fargo & Company increased their price target on Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday. Truist Financial boosted their price objective on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research note on Thursday. TD Cowen raised their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Finally, Oppenheimer boosted their target price on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus price target of $716.90.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $707.22 on Friday. The stock has a market cap of $34.41 billion, a P/E ratio of 84.29, a PEG ratio of 3.78 and a beta of 1.22. The company has a fifty day moving average price of $678.85 and a 200 day moving average price of $616.32. Monolithic Power Systems, Inc. has a one year low of $383.19 and a one year high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.17). Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. The company had revenue of $454.01 million during the quarter, compared to the consensus estimate 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 company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.71%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

Insider Buying and Selling

In other news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $661.85, for a total transaction of $5,294,800.00. Following the completion of the transaction, the chief executive officer now directly owns 891,232 shares of the company’s stock, valued at approximately $589,861,899.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $663.29, for a total value of $1,658,225.00. Following the sale, the chief financial officer now directly owns 75,723 shares in the company, valued at $50,226,308.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $661.85, for a total value of $5,294,800.00. Following the transaction, the chief executive officer now directly owns 891,232 shares of the company’s stock, valued at $589,861,899.20. The disclosure for this sale can be found here. Insiders sold a total of 45,077 shares of company stock valued at $30,986,274 over the last ninety days. 3.20% of the stock is owned by company 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.