WESPAC Advisors LLC Takes $545,000 Position in Monolithic Power Systems, Inc. $MPWR

WESPAC Advisors LLC purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 601 shares of the semiconductor company’s stock, valued at approximately $545,000.

Other hedge funds have also bought and sold shares of the company. Spire Wealth Management grew its holdings in Monolithic Power Systems by 55.5% in the fourth quarter. Spire Wealth Management now owns 689 shares of the semiconductor company’s stock worth $624,000 after purchasing an additional 246 shares during the period. Generate Investment Management Ltd purchased a new stake in shares of Monolithic Power Systems in the 4th quarter worth approximately $9,364,000. Net Worth Advisory Group increased its position in Monolithic Power Systems by 7.4% during the 4th quarter. Net Worth Advisory Group now owns 1,156 shares of the semiconductor company’s stock valued at $1,048,000 after buying an additional 80 shares in the last quarter. Dakota Wealth Management raised its stake in Monolithic Power Systems by 55.5% during the fourth quarter. Dakota Wealth Management now owns 6,218 shares of the semiconductor company’s stock valued at $5,636,000 after buying an additional 2,220 shares during the last quarter. Finally, Global X Japan Co. Ltd. boosted its holdings in Monolithic Power Systems by 45.8% in the fourth quarter. Global X Japan Co. Ltd. now owns 4,006 shares of the semiconductor company’s stock worth $3,631,000 after acquiring an additional 1,259 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Activity

In related news, EVP Deming Xiao sold 22,875 shares of the company’s stock in a transaction on 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 owned 235,932 shares in the company, valued at approximately $276,314,121.12. This represents a 8.84% 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 the SEC website. Also, CFO Theodore Blegen sold 21,725 shares of the 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 transaction, the chief financial officer directly owned 82,353 shares in the company, valued at approximately $96,448,539.48. This represents a 20.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 97,580 shares of company stock worth $113,337,222. Insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Truist Financial raised their price target on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a report on Friday, February 6th. Needham & Company LLC 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 Friday, February 6th. Stifel Nicolaus lifted 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 Wednesday, February 4th. Wells Fargo & Company upped their target price on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Finally, Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus target price of $1,218.42.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $1,053.01 on Monday. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,256.22. The stock has a 50-day moving average of $1,120.02 and a 200 day moving average of $1,010.90. The company has a market capitalization of $51.72 billion, a price-to-earnings ratio of 82.65, a PEG ratio of 2.67 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.74 by $0.05. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The firm had revenue of $751.16 million for the quarter, compared to the consensus estimate of $741.69 million. During the same quarter last year, the firm posted $4.09 EPS. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $2.00 per share. The ex-dividend date is Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 62.79%.

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.