Monolithic Power Systems, Inc. $MPWR Shares Purchased by Oak Harvest Investment Services

Oak Harvest Investment Services raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 35.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,267 shares of the semiconductor company’s stock after buying an additional 848 shares during the period. Oak Harvest Investment Services’ holdings in Monolithic Power Systems were worth $3,008,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Armstrong Advisory Group Inc. increased its stake in shares of Monolithic Power Systems by 192.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 27 shares in the last quarter. NewSquare Capital LLC increased its position in Monolithic Power Systems by 76.0% during the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after buying an additional 19 shares in the last quarter. WPG Advisers LLC purchased a new position in Monolithic Power Systems during the first quarter worth $27,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Monolithic Power Systems in the second quarter worth $36,000. Finally, AdvisorNet Financial Inc lifted its position in shares of Monolithic Power Systems by 306.3% in the second quarter. AdvisorNet Financial Inc now owns 65 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 27,966 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $881.66, for a total value of $24,656,503.56. Following the completion of the transaction, the executive vice president directly owned 148,306 shares in the company, valued at $130,755,467.96. The trade was a 15.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Saria Tseng sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $926.47, for a total value of $18,529,400.00. Following the transaction, the executive vice president owned 187,331 shares of the company’s stock, valued at $173,556,551.57. This represents a 9.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 87,516 shares of company stock valued at $81,283,355. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Down 1.7%

MPWR opened at $930.04 on Tuesday. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $1,123.38. The company has a 50 day moving average of $961.42 and a two-hundred day moving average of $870.43. The company has a market cap of $44.56 billion, a P/E ratio of 23.75, a P/E/G ratio of 3.20 and a beta of 1.47.

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

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a $1.56 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $6.24 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems’s payout ratio is presently 15.93%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Monolithic Power Systems in a research note on Friday. Stifel Nicolaus lifted their price target on shares of Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Needham & Company LLC upped their price objective on shares of Monolithic Power Systems from $820.00 to $1,025.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Truist Financial raised their target price on shares of Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Finally, Wolfe Research set a $1,200.00 price target on Monolithic Power Systems and gave the company an “outperform” rating in a report on Tuesday, October 14th. 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 MarketBeat, Monolithic Power Systems presently 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.