Empirical Financial Services LLC d.b.a. Empirical Wealth Management Invests $3.85 Million in Monolithic Power Systems, Inc. $MPWR

Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,177 shares of the semiconductor company’s stock, valued at approximately $3,846,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. grew its holdings in shares of Monolithic Power Systems by 2,700.0% in the third quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 27 shares during the last quarter. True Wealth Design LLC grew its stake in Monolithic Power Systems by 61.1% in the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 11 shares in the last quarter. Salomon & Ludwin LLC bought a new position in Monolithic Power Systems in the 3rd quarter worth about $33,000. Armstrong Advisory Group Inc. increased its position in shares of Monolithic Power Systems by 192.9% during the third quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 27 shares during the period. Finally, NewSquare Capital LLC raised its stake in shares of Monolithic Power Systems by 76.0% during the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 19 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 21,725 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total value of $25,443,451.00. Following the completion of the transaction, the chief financial officer directly owned 82,353 shares of the company’s stock, valued at approximately $96,448,539.48. The trade was a 20.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Victor K. Lee sold 1,000 shares of the stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $951.72, for a total transaction of $951,720.00. Following the sale, the director directly owned 28,567 shares in the company, valued at $27,187,785.24. This trade represents a 3.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 125,626 shares of company stock valued at $139,159,251 over the last ninety days. Corporate insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MPWR. Wells Fargo & Company increased their target price on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Truist Financial upped their price target on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Citigroup lifted their price objective on shares of 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. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Finally, Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $1,218.42.

Monolithic Power Systems Trading Up 2.5%

NASDAQ:MPWR opened at $1,204.10 on Friday. The company has a market capitalization of $57.69 billion, a P/E ratio of 94.51, a PEG ratio of 3.05 and a beta of 1.45. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $1,250.00. The firm has a fifty day simple moving average of $1,047.98 and a 200-day simple moving average of $964.37.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.05. The company had revenue of $751.16 million during the quarter, compared to analyst estimates of $741.69 million. Monolithic Power Systems had a return on equity of 18.09% and a net margin of 22.07%.The firm’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the business posted $4.09 EPS. Equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed 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 represents a $8.00 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 48.98%.

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.