Ketron Financial Takes $2.37 Million Position in Monolithic Power Systems, Inc. $MPWR

Ketron Financial acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,616 shares of the semiconductor company’s stock, valued at approximately $2,371,000. Monolithic Power Systems comprises 0.8% of Ketron Financial’s investment portfolio, making the stock its 15th largest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. IFP Advisors Inc increased its position in Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Monolithic Power Systems during the fourth quarter valued at about $34,000. Covestor Ltd lifted its position in shares of Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after buying an additional 9 shares during the last quarter. Greenline Wealth Management LLC bought a new stake in shares of Monolithic Power Systems during the 4th quarter worth about $38,000. Finally, Torren Management LLC bought a new stake in shares of Monolithic Power Systems during the 4th quarter worth about $49,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

MPWR stock opened at $1,563.70 on Friday. The stock has a market capitalization of $76.82 billion, a price-to-earnings ratio of 112.74, a price-to-earnings-growth ratio of 2.59 and a beta of 1.69. The company has a 50-day moving average of $1,541.36 and a two-hundred day moving average of $1,227.74. Monolithic Power Systems, Inc. has a 52-week low of $671.18 and a 52-week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The business had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. During the same period in the previous year, the company posted $4.04 earnings per share. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. Equities analysts expect that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $2.00 per share. The ex-dividend date is Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.5%. Monolithic Power Systems’s payout ratio is 57.68%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MPWR shares. Truist Financial set a $1,805.00 price objective on Monolithic Power Systems in a report on Friday, May 1st. TD Cowen boosted their target price on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a report on Friday, May 1st. KeyCorp upped their target price on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Oppenheimer set a $1,700.00 price target on Monolithic Power Systems in a report on Friday, May 1st. Finally, Raymond James Financial reissued an “outperform” rating and issued a $1,800.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus target price of $1,599.17.

View Our Latest Stock Analysis on Monolithic Power Systems

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the completion of the sale, the executive vice president directly owned 166,644 shares of the company’s stock, valued at approximately $260,197,941.60. This represents a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deming Xiao sold 30,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the completion of the sale, the executive vice president owned 205,959 shares in the company, valued at approximately $340,769,463.45. The trade was a 12.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 113,043 shares of company stock valued at $160,843,106. 3.60% of the stock is owned by corporate insiders.

About Monolithic Power Systems

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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