812 Monolithic Power Systems, Inc. $MPWR Shares Purchased by Wedmont Private Capital

Wedmont Private Capital increased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 68.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,006 shares of the semiconductor company’s stock after acquiring an additional 812 shares during the quarter. Wedmont Private Capital’s holdings in Monolithic Power Systems were worth $2,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Monolithic Power Systems by 10.9% during the third quarter. GAMMA Investing LLC now owns 2,337 shares of the semiconductor company’s stock valued at $3,148,000 after purchasing an additional 230 shares during the last quarter. Westwind Capital bought a new position in Monolithic Power Systems during the 3rd quarter valued at approximately $1,784,000. Avidian Wealth Enterprises LLC raised its stake in Monolithic Power Systems by 4.5% during the third quarter. Avidian Wealth Enterprises LLC now owns 185 shares of the semiconductor company’s stock valued at $250,000 after buying an additional 8 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in Monolithic Power Systems by 16.4% in the third quarter. Valeo Financial Advisors LLC now owns 702 shares of the semiconductor company’s stock worth $946,000 after acquiring an additional 99 shares in the last quarter. Finally, Whalen Wealth Management Inc. grew its stake in shares of Monolithic Power Systems by 10.2% in the third quarter. Whalen Wealth Management Inc. now owns 650 shares of the semiconductor company’s stock worth $876,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on MPWR. Truist Financial lifted their price target on 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. Raymond James Financial reissued an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. Needham & Company LLC raised their price objective on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Zacks Research cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. Finally, Wells Fargo & Company upped their target price on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,731.42.

Get Our Latest Stock Analysis on MPWR

Monolithic Power Systems Price Performance

MPWR stock opened at $1,386.29 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $833.18 and a 1-year high of $1,714.09. The business has a fifty day moving average price of $1,312.81 and a 200-day moving average price of $1,384.69. The stock has a market capitalization of $68.12 billion, a P/E ratio of 85.00 and a beta of 1.68.

Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%. The company had revenue of $980.64 million for the quarter, compared to analysts’ expectations of $903.30 million. During the same period last year, the firm posted $4.21 earnings per share. Monolithic Power Systems’s revenue was up 47.6% compared to the same quarter last year. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 23.32 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 30th. Monolithic Power Systems’s payout ratio is presently 49.05%.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction 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 directly owned 1,119 shares in the company, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the transaction, the director directly owned 515 shares in the company, valued at $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 130 shares of company stock worth $175,397. 3.60% of the stock is owned by insiders.

Monolithic Power Systems Company Profile

(Free Report)

Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help convert, regulate and control electrical power in electronic systems, with applications spanning computing and storage, automotive, industrial, communications infrastructure, consumer electronics and other markets.

The company’s product portfolio includes power-management integrated circuits, DC-to-DC converters, power modules, battery-charging and management solutions, LED drivers, motor drivers, voltage regulators and related analog and mixed-signal devices.

Further Reading

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

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