Monolithic Power Systems, Inc. $MPWR Position Boosted by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 12.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,699 shares of the semiconductor company’s stock after purchasing an additional 522 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Monolithic Power Systems were worth $4,259,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. SG Americas Securities LLC boosted its holdings in Monolithic Power Systems by 77,483.1% during the fourth quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock worth $237,676,000 after buying an additional 261,893 shares in the last quarter. Rakuten Investment Management Inc. bought a new position in shares of Monolithic Power Systems in the third quarter valued at $197,260,000. First Trust Advisors LP increased its holdings in shares of Monolithic Power Systems by 66.4% in the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock valued at $412,263,000 after buying an additional 178,622 shares in the last quarter. Rafferty Asset Management LLC lifted its position in shares of Monolithic Power Systems by 36.1% during the 2nd quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock valued at $386,991,000 after acquiring an additional 140,269 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Monolithic Power Systems by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after acquiring an additional 134,087 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Down 0.1%

MPWR opened at $1,118.49 on Friday. The firm has a market capitalization of $54.94 billion, a P/E ratio of 87.79, a PEG ratio of 2.83 and a beta of 1.48. The stock has a fifty day moving average of $1,122.31 and a 200-day moving average of $1,015.33. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,256.22.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.05. The business had revenue of $751.16 million for the quarter, compared to the consensus estimate of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.Monolithic Power Systems’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.09 earnings per share. On average, analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $2.00 per share. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $8.00 annualized dividend and a yield of 0.7%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 62.79%.

Insider Activity at Monolithic Power Systems

In related news, Director Victor K. Lee sold 400 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $1,212.16, for a total transaction of $484,864.00. Following the completion of the sale, the director directly owned 27,756 shares in the company, valued at approximately $33,644,712.96. This trade represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 22,875 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the transaction, the executive vice president directly owned 178,625 shares in the company, valued at $209,198,455. The trade was a 11.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 119,654 shares of company stock worth $135,900,873. Company insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MPWR shares. KeyCorp lifted their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Citigroup upped their target price on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a report on Monday, February 9th. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Weiss Ratings downgraded Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Finally, Truist Financial upped their price objective on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,218.42.

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.