Ethic Inc. Has $9.82 Million Stake in Monolithic Power Systems, Inc. $MPWR

Ethic Inc. lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,107 shares of the semiconductor company’s stock after acquiring an additional 482 shares during the period. Ethic Inc.’s holdings in Monolithic Power Systems were worth $9,824,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Royal Fund Management LLC grew its stake in shares of Monolithic Power Systems by 2.7% during the first quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company’s stock worth $289,000 after buying an additional 7 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Monolithic Power Systems by 29.0% during the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 9 shares in the last quarter. Bell Investment Advisors Inc boosted its holdings in shares of Monolithic Power Systems by 23.7% during the 1st quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 9 shares in the last quarter. Resonant Capital Advisors LLC boosted its holdings in shares of Monolithic Power Systems by 4.1% during the 4th quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock valued at $230,000 after acquiring an additional 10 shares in the last quarter. Finally, CENTRAL TRUST Co grew its position in Monolithic Power Systems by 1.4% during the 1st quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company’s stock worth $766,000 after acquiring an additional 10 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Up 2.9%

Shares of MPWR stock opened at $1,402.01 on Friday. The stock has a market cap of $68.90 billion, a price-to-earnings ratio of 85.96 and a beta of 1.69. The stock has a 50-day moving average of $1,394.48 and a 200-day moving average of $1,338.74. Monolithic Power Systems, Inc. has a 1-year low of $800.97 and a 1-year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $903.30 million. During the same period last year, the company earned $4.21 earnings per share. The firm’s revenue was up 47.6% compared to the same quarter last year. Sell-side analysts forecast 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. Stockholders of record on Tuesday, June 30th were given a dividend of $2.00 per share. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is 49.05%.

Wall Street Analysts Forecast Growth

MPWR has been the subject of several research reports. Weiss Ratings downgraded Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Raymond James Financial reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research note on Wednesday. KeyCorp lifted their target price on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Wells Fargo & Company lifted 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 report on Friday, July 31st. Finally, Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus target price of $1,705.82.

Insiders Place Their Bets

In other news, EVP Saria Tseng sold 7,565 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the sale, the executive vice president owned 144,218 shares of the company’s stock, valued at $245,170,600. This trade represents a 4.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction, the executive vice president owned 1,119 shares in the company, valued at $1,503,868.86. The trade was a 2.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 13,191 shares of company stock valued at $21,807,015. 3.60% of the stock is currently owned by insiders.

Monolithic Power Systems Company 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.