639 Shares in Monolithic Power Systems, Inc. $MPWR Acquired by Financial Consulate Inc.

Financial Consulate Inc. acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 639 shares of the semiconductor company’s stock, valued at approximately $588,000.

Several other large investors have also modified their holdings of the company. Fortress Financial Solutions LLC increased its holdings in shares of Monolithic Power Systems by 1.7% in the 2nd quarter. Fortress Financial Solutions LLC now owns 709 shares of the semiconductor company’s stock valued at $518,000 after acquiring an additional 12 shares during the period. Wedmont Private Capital grew its position in Monolithic Power Systems by 1.3% during the 2nd quarter. Wedmont Private Capital now owns 1,068 shares of the semiconductor company’s stock worth $802,000 after purchasing an additional 14 shares during the last quarter. Gilbert & Cook Inc. increased its stake in Monolithic Power Systems by 2.3% in the second quarter. Gilbert & Cook Inc. now owns 655 shares of the semiconductor company’s stock valued at $479,000 after purchasing an additional 15 shares during the period. EP Wealth Advisors LLC increased its stake in Monolithic Power Systems by 3.4% in the second quarter. EP Wealth Advisors LLC now owns 516 shares of the semiconductor company’s stock valued at $378,000 after purchasing an additional 17 shares during the period. Finally, Confluence Wealth Services Inc. raised its holdings in shares of Monolithic Power Systems by 0.9% in the second quarter. Confluence Wealth Services Inc. now owns 2,067 shares of the semiconductor company’s stock valued at $1,511,000 after buying an additional 19 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on MPWR. Truist Financial raised their price target on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a report on Friday, December 19th. TD Cowen lifted their target price on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Needham & Company LLC boosted their target price on Monolithic Power Systems from $820.00 to $1,025.00 and gave the company a “buy” rating in a report on Monday, September 29th. Citigroup increased their price target on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, Stifel Nicolaus lifted their price objective on shares of Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,074.58.

Insider Activity at Monolithic Power Systems

In related news, EVP Saria Tseng sold 20,000 shares of Monolithic Power Systems stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $926.47, for a total transaction of $18,529,400.00. Following the completion of the transaction, the executive vice president directly owned 187,331 shares of the company’s stock, valued at approximately $173,556,551.57. The trade was a 9.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Maurice Sciammas sold 27,966 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $881.66, for a total value of $24,656,503.56. Following the completion of the sale, the executive vice president directly owned 148,306 shares in the company, valued at $130,755,467.96. This trade represents a 15.87% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 84,516 shares of company stock valued at $78,543,695. 3.40% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $906.36 on Friday. The business’s fifty day moving average price is $954.13 and its 200 day moving average price is $872.67. The firm has a market capitalization of $43.42 billion, a PE ratio of 23.15, a P/E/G ratio of 3.06 and a beta of 1.46. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, October 30th. The semiconductor company reported $4.73 EPS for the quarter, topping the consensus estimate of $4.62 by $0.11. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The company had revenue of $737.18 million for the quarter, compared to analyst estimates of $720.66 million. During the same period in the previous year, the firm earned $4.06 EPS. The business’s revenue was up 18.9% on a year-over-year basis. Equities research analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, December 31st. Monolithic Power Systems’s dividend payout ratio is presently 15.93%.

Monolithic Power Systems Company Profile

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.