Quest Investment Management LLC Buys 11,651 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Quest Investment Management LLC raised its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 394.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 14,607 shares of the semiconductor company’s stock after purchasing an additional 11,651 shares during the quarter. Monolithic Power Systems comprises 1.3% of Quest Investment Management LLC’s holdings, making the stock its 29th biggest position. Quest Investment Management LLC’s holdings in Monolithic Power Systems were worth $12,002,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Family Firm Inc. bought a new position in Monolithic Power Systems in the 2nd quarter worth $25,000. RiverPark Advisors LLC bought a new position in shares of Monolithic Power Systems in the first quarter worth about $27,000. Atwood & Palmer Inc. bought a new position in shares of Monolithic Power Systems in the second quarter worth about $33,000. Crewe Advisors LLC lifted its position in shares of Monolithic Power Systems by 126.3% during the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares during the last quarter. Finally, GHP Investment Advisors Inc. bought a new stake in Monolithic Power Systems during the 2nd quarter valued at approximately $36,000. Institutional investors own 93.46% of the company’s stock.

Insider Activity

In related news, Director Victor K. Lee sold 1,000 shares of the stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $820.46, for a total transaction of $820,460.00. Following the completion of the sale, the director now owns 29,232 shares in the company, valued at approximately $23,983,686.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Monolithic Power Systems news, Director Victor K. Lee sold 1,000 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $820.46, for a total transaction of $820,460.00. Following the sale, the director now directly owns 29,232 shares of the company’s stock, valued at $23,983,686.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Hsing sold 2,672 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $804.57, for a total transaction of $2,149,811.04. Following the sale, the chief executive officer now directly owns 877,736 shares of the company’s stock, valued at approximately $706,200,053.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 98,299 shares of company stock worth $83,140,933. Corporate insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

MPWR has been the topic of several recent analyst reports. KeyCorp lifted their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Needham & Company LLC boosted their target price on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Truist Financial increased their price target on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Oppenheimer boosted 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. Finally, Rosenblatt Securities increased their target price on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $912.30.

Monolithic Power Systems Stock Down 2.2 %

NASDAQ MPWR opened at $891.32 on Friday. Monolithic Power Systems, Inc. has a twelve month low of $392.10 and a twelve month high of $959.64. The stock has a market cap of $43.39 billion, a P/E ratio of 106.24, a PEG ratio of 4.14 and a beta of 1.12. The company’s 50-day simple moving average is $862.05 and its 200 day simple moving average is $776.67.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, beating the consensus estimate of $3.07 by $0.10. The company had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The company’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.05 EPS. Research analysts anticipate that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $1.25 per share. The ex-dividend date is Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.56%. Monolithic Power Systems’s payout ratio is presently 59.59%.

Monolithic Power Systems Company Profile

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.