Empirical Asset Management LLC Takes Position in Monolithic Power Systems, Inc. $MPWR

Empirical Asset Management LLC purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,692 shares of the semiconductor company’s stock, valued at approximately $1,558,000.

Other hedge funds have also recently bought and sold shares of the company. MAI Capital Management boosted its position in Monolithic Power Systems by 73.0% during the third quarter. MAI Capital Management now owns 339 shares of the semiconductor company’s stock worth $312,000 after purchasing an additional 143 shares in the last quarter. Mufg Securities Americas Inc. raised its stake in shares of Monolithic Power Systems by 21.8% during the 3rd quarter. Mufg Securities Americas Inc. now owns 1,292 shares of the semiconductor company’s stock worth $1,189,000 after buying an additional 231 shares during the last quarter. Compound Planning Inc. boosted its position in shares of Monolithic Power Systems by 22.6% in the 3rd quarter. Compound Planning Inc. now owns 445 shares of the semiconductor company’s stock worth $409,000 after buying an additional 82 shares in the last quarter. Dakota Wealth Management grew its stake in Monolithic Power Systems by 83.8% in the 3rd quarter. Dakota Wealth Management now owns 3,998 shares of the semiconductor company’s stock valued at $3,682,000 after acquiring an additional 1,823 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Monolithic Power Systems by 3.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 542 shares of the semiconductor company’s stock valued at $499,000 after acquiring an additional 18 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Deming Xiao sold 22,875 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the completion of the sale, the executive vice president directly owned 235,932 shares in the company, valued at $276,314,121.12. This represents a 8.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 value of $951,720.00. Following the completion of the transaction, 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 have sold 101,550 shares of company stock worth $116,980,720 over the last 90 days. Company insiders own 3.40% of the company’s stock.

Monolithic Power Systems Trading Up 2.0%

Shares of NASDAQ:MPWR opened at $1,213.67 on Wednesday. The stock’s 50-day moving average price is $1,058.04 and its two-hundred day moving average price is $971.13. 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 market cap of $58.15 billion, a price-to-earnings ratio of 95.26, a PEG ratio of 3.01 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.05. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.09%. The company had revenue of $751.16 million during the quarter, compared to the consensus estimate of $741.69 million. During the same quarter in the prior year, the company posted $4.09 EPS. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. As a group, research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently declared 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 an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, March 31st. Monolithic Power Systems’s payout ratio is 48.98%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Needham & Company LLC upped their price target on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a report on Friday, February 6th. Citigroup lifted their price objective on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Stifel Nicolaus increased their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. TD Cowen reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, October 31st. Finally, Rosenblatt Securities lifted their price target on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $1,218.42.

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.