Rep. Robert Bresnahan, Jr. Sells Off Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Monolithic Power Systems, Inc. NASDAQ: MPWR. In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Monolithic Power Systems stock on January 13th. The trade occurred in the Representative's "JOINT OWNERSHIP LPL ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 2/7/2025.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Take-Two Interactive Software NASDAQ: TTWO on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 1/29/2025.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Manhattan Associates NASDAQ: MANH on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/29/2025.

Monolithic Power Systems Trading Up 0.3 %

NASDAQ:MPWR traded up $1.74 during trading hours on Wednesday, hitting $692.51. 710,813 shares of the company were exchanged, compared to its average volume of 888,575. The company has a fifty day simple moving average of $635.04 and a 200 day simple moving average of $748.00. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64. The stock has a market capitalization of $33.78 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 2.58 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. Equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a yield of 0.90%. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. Monolithic Power Systems's dividend payout ratio is presently 13.60%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MPWR. Citigroup began coverage on shares of Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a "buy" rating and a $700.00 price objective on the stock. Wells Fargo & Company increased their price target on Monolithic Power Systems from $610.00 to $710.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Oppenheimer dropped their price objective on Monolithic Power Systems from $900.00 to $800.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. KeyCorp upped their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $880.00 target price on shares of Monolithic Power Systems in a report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $866.17.

Institutional Investors Weigh In On Monolithic Power Systems

A number of hedge funds have recently made changes to their positions in MPWR. Tradewinds Capital Management LLC raised its position in Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 24 shares during the period. OFI Invest Asset Management purchased a new stake in shares of Monolithic Power Systems during the 4th quarter worth approximately $27,000. NBC Securities Inc. raised its holdings in shares of Monolithic Power Systems by 433.3% in the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 26 shares during the period. Fourth Dimension Wealth LLC purchased a new position in Monolithic Power Systems in the fourth quarter valued at approximately $29,000. Finally, Wolff Wiese Magana LLC grew its holdings in Monolithic Power Systems by 3,400.0% during the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 34 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 7,000 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $701.98, for a total value of $4,913,860.00. Following the sale, the executive vice president now owns 16,015 shares of the company's stock, valued at $11,242,209.70. The trade was a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the chief financial officer now directly owns 53,444 shares of the company's stock, valued at approximately $32,066,400. This trade represents a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.