Worthington Financial Partners LLC acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,902 shares of the semiconductor company’s stock, valued at approximately $1,724,000. Monolithic Power Systems accounts for about 1.5% of Worthington Financial Partners LLC’s portfolio, making the stock its 13th biggest position.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Reflection Asset Management purchased a new stake in shares of Monolithic Power Systems during the 4th quarter valued at approximately $92,000. Ketron Financial bought a new position in Monolithic Power Systems in the 4th quarter worth approximately $2,371,000. Drake & Associates LLC grew its stake in Monolithic Power Systems by 1.5% in the 4th quarter. Drake & Associates LLC now owns 793 shares of the semiconductor company’s stock valued at $719,000 after buying an additional 12 shares in the last quarter. Kera Capital Partners Inc. grew its stake in Monolithic Power Systems by 14.9% in the 4th quarter. Kera Capital Partners Inc. now owns 448 shares of the semiconductor company’s stock valued at $406,000 after buying an additional 58 shares in the last quarter. Finally, Walser Wealth Management Company A Ltd Liability Co bought a new stake in Monolithic Power Systems during the 4th quarter valued at $247,000. Institutional investors own 93.46% of the company’s stock.
Insider Activity
In related news, Director Jeff Zhou sold 486 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the transaction, the director directly owned 3,800 shares of the company’s stock, valued at approximately $6,384,000. This trade represents a 11.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Saria Tseng sold 7,565 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the transaction, the executive vice president directly owned 144,218 shares in the company, valued at approximately $245,170,600. This represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 113,043 shares of company stock valued at $160,843,106. 3.60% of the stock is owned by insiders.
Monolithic Power Systems Stock Performance
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The company had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. During the same period in the previous year, the firm posted $4.04 EPS. The firm’s revenue was up 26.1% compared to the same quarter last year. On average, analysts predict that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.
Monolithic Power Systems Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $8.00 annualized dividend and a yield of 0.5%. Monolithic Power Systems’s payout ratio is 57.68%.
Wall Street Analyst Weigh In
Several research firms have issued reports on MPWR. Wells Fargo & Company increased their target price on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Rosenblatt Securities lifted their price target on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Zacks Research cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Finally, Stifel Nicolaus raised their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,599.17.
Read Our Latest Report on MPWR
Monolithic Power Systems 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.
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