Kingswood Wealth Advisors LLC Purchases Shares of 580 Monolithic Power Systems, Inc. $MPWR

Kingswood Wealth Advisors LLC acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 580 shares of the semiconductor company’s stock, valued at approximately $534,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Brighton Jones LLC raised its stake in Monolithic Power Systems by 46.0% during the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 200 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Monolithic Power Systems by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after buying an additional 161 shares during the last quarter. Belpointe Asset Management LLC increased its holdings in shares of Monolithic Power Systems by 18.5% in the 1st quarter. Belpointe Asset Management LLC now owns 909 shares of the semiconductor company’s stock worth $527,000 after buying an additional 142 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Monolithic Power Systems by 1.9% during the 1st quarter. Acadian Asset Management LLC now owns 7,629 shares of the semiconductor company’s stock valued at $4,418,000 after buying an additional 140 shares in the last quarter. Finally, Swedbank AB lifted its holdings in shares of Monolithic Power Systems by 60.4% in the 1st quarter. Swedbank AB now owns 23,744 shares of the semiconductor company’s stock valued at $13,771,000 after acquiring an additional 8,944 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Victor K. Lee sold 600 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $930.86, for a total value of $558,516.00. Following the completion of the sale, the director owned 27,967 shares in the company, valued at approximately $26,033,361.62. The trade was a 2.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $896.97, for a total value of $89,697.00. Following the transaction, the director owned 426 shares in the company, valued at $382,109.22. The trade was a 19.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 88,116 shares of company stock worth $81,923,621 over the last 90 days. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Down 0.0%

MPWR opened at $958.97 on Monday. The business has a fifty day moving average of $940.55 and a 200 day moving average of $886.18. The stock has a market cap of $45.94 billion, a P/E ratio of 24.49, a PEG ratio of 2.72 and a beta of 1.45. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $1,123.38.

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

Monolithic Power Systems Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Truist Financial boosted their price objective on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. KeyCorp boosted their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Rosenblatt Securities raised their price target on Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Wells Fargo & Company lifted their price objective on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Monolithic Power Systems in a research note on Friday, December 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,074.58.

Monolithic Power Systems 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.