Brasada Capital Management LP purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 6,469 shares of the semiconductor company’s stock, valued at approximately $8,942,000.
Other large investors also recently made changes to their positions in the company. Transamerica Financial Advisors LLC acquired a new stake in shares of Monolithic Power Systems during the second quarter worth $35,000. IFP Advisors Inc grew its position in shares of Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares during the period. Covestor Ltd increased its stake in Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 9 shares during the last quarter. Danske Bank A S acquired a new position in Monolithic Power Systems in the second quarter valued at $36,000. Finally, Greenline Wealth Management LLC purchased a new position in Monolithic Power Systems during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on MPWR. Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. Raymond James Financial reiterated an “outperform” rating on shares of Monolithic Power Systems in a report on Wednesday, August 12th. Truist Financial raised their target price on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $1,575.00 target price on shares of Monolithic Power Systems in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and an average price target of $1,731.42.
Monolithic Power Systems Trading Up 0.6%
NASDAQ:MPWR opened at $1,311.08 on Friday. The firm’s fifty day simple moving average is $1,354.21 and its 200 day simple moving average is $1,350.89. The firm has a market capitalization of $64.43 billion, a price-to-earnings ratio of 80.39 and a beta of 1.69. Monolithic Power Systems, Inc. has a twelve month low of $800.97 and a twelve month high of $1,714.09.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping the consensus estimate of $5.87 by $0.63. The company had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The company’s revenue was up 47.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.21 earnings per share. On average, analysts predict that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.
Monolithic Power Systems Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is presently 49.05%.
Insider Transactions at Monolithic Power Systems
In other news, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the sale, the executive vice president owned 1,119 shares of the company’s stock, valued at approximately $1,503,868.86. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a 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, Director Kuo Wei Herbert Chang sold 50 shares of Monolithic Power Systems stock in a transaction on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the completion of the sale, the director owned 515 shares of the company’s stock, valued at approximately $660,008.55. This trade represents a 8.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 190 shares of company stock valued at $261,964 in the last three months. 3.60% of the stock is currently owned by company insiders.
About Monolithic Power Systems
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.
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