Peterson Wealth Services Has $7.43 Million Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Peterson Wealth Services raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 551.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,075 shares of the semiconductor company’s stock after purchasing an additional 6,836 shares during the quarter. Monolithic Power Systems makes up about 1.7% of Peterson Wealth Services’ portfolio, making the stock its 13th biggest holding. Peterson Wealth Services’ holdings in Monolithic Power Systems were worth $7,434,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MPWR. Brighton Jones LLC grew its stake in shares of Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after buying an additional 200 shares in the last quarter. Empowered Funds LLC grew its position 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 valued at $3,088,000 after acquiring an additional 161 shares during the period. Truist Financial Corp increased its stake in shares of Monolithic Power Systems by 1.5% during the 2nd quarter. Truist Financial Corp now owns 4,731 shares of the semiconductor company’s stock worth $3,460,000 after purchasing an additional 68 shares during the last quarter. 111 Capital bought a new stake in shares of Monolithic Power Systems in the 2nd quarter valued at about $202,000. Finally, Checchi Capital Advisers LLC acquired a new stake in Monolithic Power Systems in the 2nd quarter valued at about $248,000. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 3,976 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $895.23, for a total value of $3,559,434.48. Following the completion of the sale, the executive vice president directly owned 144,330 shares in the company, valued at approximately $129,208,545.90. The trade was a 2.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Theodore Blegen sold 3,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $940.47, for a total value of $2,821,410.00. Following the sale, the chief financial officer directly owned 68,332 shares in the company, valued at $64,264,196.04. This represents a 4.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 66,976 shares of company stock valued at $60,297,127 in the last quarter. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Performance

MPWR stock opened at $1,173.22 on Tuesday. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,188.66. The company has a market capitalization of $56.21 billion, a PE ratio of 29.96, a price-to-earnings-growth ratio of 3.16 and a beta of 1.45. The company’s 50-day simple moving average is $984.40 and its 200 day simple moving average is $923.06.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $1.56 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $6.24 annualized dividend and a dividend yield of 0.5%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 15.93%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MPWR. Rosenblatt Securities boosted 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. TD Cowen restated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. Stifel Nicolaus raised their price target on Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, October 17th. Citigroup lifted their price objective on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, KeyCorp increased their price objective on shares of 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. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $1,135.42.

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.