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

Oak Harvest Investment Services raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 17.5% in the second quarter, Holdings Channel reports. The institutional investor owned 4,173 shares of the semiconductor company’s stock after purchasing an additional 620 shares during the period. Oak Harvest Investment Services’ holdings in Monolithic Power Systems were worth $5,769,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Resonant Capital Advisors LLC grew its position in shares of Monolithic Power Systems by 5.1% during the 2nd quarter. Resonant Capital Advisors LLC now owns 311 shares of the semiconductor company’s stock valued at $431,000 after acquiring an additional 15 shares during the period. Generali Investments Management Co LLC increased its stake in shares of Monolithic Power Systems by 60.4% in the 2nd quarter. Generali Investments Management Co LLC now owns 916 shares of the semiconductor company’s stock valued at $1,266,000 after purchasing an additional 345 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in Monolithic Power Systems by 3.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 32,416 shares of the semiconductor company’s stock worth $44,811,000 after purchasing an additional 983 shares during the period. First Bank & Trust raised its holdings in Monolithic Power Systems by 8.4% in the 2nd quarter. First Bank & Trust now owns 245 shares of the semiconductor company’s stock worth $339,000 after purchasing an additional 19 shares during the period. Finally, Tactive Advisors LLC acquired a new position in Monolithic Power Systems in the 2nd quarter worth about $218,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 4.4%

MPWR opened at $1,362.55 on Friday. The company has a market cap of $66.96 billion, a PE ratio of 83.54 and a beta of 1.69. Monolithic Power Systems, Inc. has a twelve month low of $800.97 and a twelve month high of $1,714.09. The company has a 50-day moving average price of $1,396.06 and a 200 day moving average price of $1,338.29.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The company had revenue of $980.64 million for the quarter, compared to analysts’ expectations of $903.30 million. During the same period in the previous year, the firm posted $4.21 EPS. Monolithic Power Systems’s revenue was up 47.6% compared to the same quarter last year. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. Monolithic Power Systems’s payout ratio is currently 49.05%.

Analyst Upgrades and Downgrades

Several brokerages have commented on MPWR. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Truist Financial upped their target price on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Stifel Nicolaus increased their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. KeyCorp increased their target price on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Raymond James Financial reissued an “outperform” rating on shares of Monolithic Power Systems in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus price target of $1,705.82.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the sale, the executive vice president directly owned 1,119 shares in the company, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Saria Tseng sold 7,565 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the completion of the transaction, the executive vice president directly owned 144,218 shares of the company’s stock, valued at approximately $245,170,600. This represents a 4.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 13,191 shares of company stock valued at $21,807,015. Insiders own 3.60% of the company’s stock.

About Monolithic Power Systems

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.