Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Bought by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 11.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,375 shares of the semiconductor company’s stock after purchasing an additional 141 shares during the period. First Trust Direct Indexing L.P.’s holdings in Monolithic Power Systems were worth $932,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MPWR. Vanguard Group Inc. lifted its holdings in Monolithic Power Systems by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 5,464,066 shares of the semiconductor company’s stock valued at $3,446,624,000 after acquiring an additional 90,589 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Monolithic Power Systems by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 1,830,569 shares of the semiconductor company’s stock worth $1,154,686,000 after purchasing an additional 43,191 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Monolithic Power Systems by 0.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,056,183 shares of the semiconductor company’s stock valued at $666,219,000 after buying an additional 3,105 shares during the period. Brown Advisory Inc. lifted its position in Monolithic Power Systems by 4.4% in the fourth quarter. Brown Advisory Inc. now owns 1,028,467 shares of the semiconductor company’s stock valued at $648,736,000 after buying an additional 43,225 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Monolithic Power Systems by 10.0% during the fourth quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock worth $592,251,000 after buying an additional 85,676 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

MPWR has been the topic of several recent analyst reports. Oppenheimer upped their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. KeyCorp raised their price target on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Wells Fargo & Company boosted their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Needham & Company LLC restated a “buy” rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Thursday, May 2nd. Finally, Truist Financial boosted their price target 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, May 2nd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus target price of $766.00.

Monolithic Power Systems Trading Up 1.3 %

Monolithic Power Systems stock opened at $839.22 on Friday. The company has a fifty day simple moving average of $761.85 and a 200-day simple moving average of $694.52. The stock has a market cap of $40.85 billion, a P/E ratio of 100.03, a price-to-earnings-growth ratio of 4.19 and a beta of 1.11. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $856.30.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.02. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. The business had revenue of $457.89 million during the quarter, compared to analysts’ expectations of $447.76 million. As a group, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $5.00 dividend on an annualized basis and a yield of 0.60%. Monolithic Power Systems’s payout ratio is currently 59.59%.

Insider Transactions at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 200 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $735.00, for a total transaction of $147,000.00. Following the sale, the director now directly owns 941 shares in the company, valued at approximately $691,635. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Theodore Blegen sold 737 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $689.98, for a total value of $508,515.26. Following the completion of the sale, the chief financial officer now directly owns 74,986 shares of the company’s stock, valued at $51,738,840.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 200 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $735.00, for a total transaction of $147,000.00. Following the completion of the transaction, the director now directly owns 941 shares in the company, valued at $691,635. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,311 shares of company stock worth $61,382,161. 3.20% of the stock is currently owned by 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.