Bridgefront Capital LLC Acquires Shares of 1,001 Monolithic Power Systems, Inc. $MPWR

Bridgefront Capital LLC acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,001 shares of the semiconductor company’s stock, valued at approximately $922,000.

Several other large investors have also recently made changes to their positions in MPWR. True Wealth Design LLC grew its holdings in Monolithic Power Systems by 61.1% during the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 11 shares in the last quarter. Fortress Financial Solutions LLC increased its stake in Monolithic Power Systems by 1.7% in the 2nd quarter. Fortress Financial Solutions LLC now owns 709 shares of the semiconductor company’s stock worth $518,000 after acquiring an additional 12 shares during the last quarter. Cromwell Holdings LLC raised its holdings in shares of Monolithic Power Systems by 9.2% during the 3rd quarter. Cromwell Holdings LLC now owns 143 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 12 shares in the last quarter. Sagespring Wealth Partners LLC raised its holdings in shares of Monolithic Power Systems by 2.4% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 512 shares of the semiconductor company’s stock worth $471,000 after acquiring an additional 12 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Monolithic Power Systems by 2.5% during the 3rd quarter. UMB Bank n.a. now owns 492 shares of the semiconductor company’s stock valued at $453,000 after acquiring an additional 12 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $1,052.59 on Monday. The business’s 50 day moving average price is $1,100.53 and its 200-day moving average price is $994.59. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,256.22. The company has a market cap of $51.70 billion, a P/E ratio of 82.62, a P/E/G ratio of 2.67 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly 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 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 was up 20.8% on a year-over-year basis. During the same period last year, the company earned $4.09 earnings per share. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $2.00 dividend. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date is Tuesday, March 31st. This represents a $8.00 annualized dividend and a dividend yield of 0.8%. Monolithic Power Systems’s dividend payout ratio (DPR) is 48.98%.

Insider Activity

In other Monolithic Power Systems news, CFO Theodore Blegen sold 21,725 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $25,443,451.00. Following the completion of the sale, the chief financial officer owned 82,353 shares of the company’s stock, valued at $96,448,539.48. This trade represents a 20.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 22,875 shares of the firm’s stock in a transaction dated 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 178,625 shares of the company’s stock, valued at approximately $209,198,455. The trade was a 11.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 98,550 shares of company stock worth $114,256,090 in the last 90 days. Company insiders own 3.40% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the subject of a number of recent research reports. Weiss Ratings lowered shares of Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Needham & Company LLC boosted their target price on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.