Confluence Wealth Services Inc. Has $1.19 Million Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Confluence Wealth Services Inc. lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 9.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,447 shares of the semiconductor company’s stock after purchasing an additional 119 shares during the period. Confluence Wealth Services Inc.’s holdings in Monolithic Power Systems were worth $1,189,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MPWR. Family Firm Inc. purchased a new position in shares of Monolithic Power Systems during the second quarter worth approximately $25,000. RiverPark Advisors LLC bought a new stake in shares of Monolithic Power Systems in the 1st quarter worth approximately $27,000. Atwood & Palmer Inc. purchased a new position in Monolithic Power Systems in the second quarter worth about $33,000. Crewe Advisors LLC increased its holdings in Monolithic Power Systems by 126.3% in the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in shares of Monolithic Power Systems during the 1st quarter valued at $31,000. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Deming Xiao sold 3,205 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $831.58, for a total value of $2,665,213.90. Following the completion of the transaction, the executive vice president now directly owns 203,213 shares in the company, valued at $168,987,866.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $852.51, for a total value of $2,131,275.00. Following the completion of the sale, the chief financial officer now directly owns 64,906 shares in the company, valued at approximately $55,333,014.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Deming Xiao sold 3,205 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $831.58, for a total value of $2,665,213.90. Following the sale, the executive vice president now directly owns 203,213 shares of the company’s stock, valued at approximately $168,987,866.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 106,215 shares of company stock worth $88,496,208. 3.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MPWR. KeyCorp increased their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Raymond James increased their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Oppenheimer increased their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. Finally, TD Cowen increased their target price on Monolithic Power Systems from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $912.30.

Monolithic Power Systems Stock Performance

MPWR traded up $4.07 during midday trading on Friday, reaching $934.68. 520,123 shares of the company were exchanged, compared to its average volume of 569,825. Monolithic Power Systems, Inc. has a one year low of $392.10 and a one year high of $959.64. The stock’s 50-day simple moving average is $850.14 and its 200 day simple moving average is $761.39. The stock has a market capitalization of $45.57 billion, a P/E ratio of 111.40, a PEG ratio of 4.32 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. The business 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 firm’s revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.05 EPS. On average, 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 declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Friday, June 28th. Monolithic Power Systems’s payout ratio is 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.