Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 13.7% during the fourth quarter, HoldingsChannel reports. The firm owned 4,140 shares of the semiconductor company’s stock after buying an additional 500 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Monolithic Power Systems were worth $2,567,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of MPWR. CWM LLC increased its stake in Monolithic Power Systems by 15.8% in the third quarter. CWM LLC now owns 676 shares of the semiconductor company’s stock valued at $312,000 after purchasing an additional 92 shares during the period. AE Wealth Management LLC increased its stake in Monolithic Power Systems by 8.5% in the third quarter. AE Wealth Management LLC now owns 756 shares of the semiconductor company’s stock valued at $349,000 after purchasing an additional 59 shares during the period. HB Wealth Management LLC increased its stake in shares of Monolithic Power Systems by 21.5% during the third quarter. HB Wealth Management LLC now owns 678 shares of the semiconductor company’s stock worth $313,000 after acquiring an additional 120 shares during the period. Hartford Investment Management Co. increased its stake in shares of Monolithic Power Systems by 2.8% during the third quarter. Hartford Investment Management Co. now owns 3,468 shares of the semiconductor company’s stock worth $1,602,000 after acquiring an additional 95 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of Monolithic Power Systems by 1.6% during the third quarter. State of Alaska Department of Revenue now owns 18,169 shares of the semiconductor company’s stock worth $8,393,000 after acquiring an additional 290 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Performance

MPWR traded up $10.74 on Tuesday, hitting $611.37. 499,953 shares of the company were exchanged, compared to its average volume of 535,505. The business’s fifty day moving average is $687.40 and its 200 day moving average is $606.54. Monolithic Power Systems, Inc. has a fifty-two week low of $383.19 and a fifty-two week high of $778.15. The firm has a market capitalization of $29.75 billion, a P/E ratio of 69.79, a price-to-earnings-growth ratio of 3.17 and a beta of 1.24.

Monolithic Power Systems (NASDAQ:MPWR) last issued 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 return on equity of 22.66% and a net margin of 23.47%. The company had revenue of $454.01 million for the quarter, compared to analyst estimates of $452.13 million. Analysts forecast that Monolithic Power Systems, Inc. will post 10.05 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. Monolithic Power Systems’s dividend payout ratio is 57.08%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Oppenheimer boosted their price target on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Rosenblatt Securities boosted their price target on shares of Monolithic Power Systems from $550.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday, December 26th. TD Cowen boosted their price target on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Finally, KeyCorp boosted their price target on shares of Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $670.30.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, insider Deming Xiao sold 859 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $680.00, for a total value of $584,120.00. Following the sale, the insider now owns 208,580 shares of the company’s stock, valued at $141,834,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Deming Xiao sold 859 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $680.00, for a total transaction of $584,120.00. Following the transaction, the insider now owns 208,580 shares of the company’s stock, valued at $141,834,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeff Zhou sold 200 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $750.57, for a total transaction of $150,114.00. Following the transaction, the director now directly owns 6,269 shares in the company, valued at approximately $4,705,323.33. The disclosure for this sale can be found here. Insiders have sold 45,077 shares of company stock valued at $30,357,479 over the last quarter. Corporate insiders own 3.20% of the company’s stock.

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.