Northwestern Mutual Wealth Management Co. Makes New Investment in Monolithic Power Systems, Inc. $MPWR

Northwestern Mutual Wealth Management Co. purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,361 shares of the semiconductor company’s stock, valued at approximately $3,264,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Brighton Jones LLC grew its position in shares of Monolithic Power Systems by 46.0% during the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after buying an additional 200 shares during the last quarter. Empowered Funds LLC lifted its holdings in Monolithic Power Systems by 3.1% in the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after acquiring an additional 161 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Monolithic Power Systems by 3.5% in the second quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock worth $6,863,000 after acquiring an additional 314 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in Monolithic Power Systems by 35.2% in the second quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock valued at $26,175,000 after acquiring an additional 9,315 shares during the period. Finally, Globeflex Capital L P acquired a new position in Monolithic Power Systems in the second quarter valued at approximately $347,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Monolithic Power Systems

In related news, EVP Saria Tseng sold 7,565 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the sale, the executive vice president owned 144,218 shares of the company’s stock, valued at $245,170,600. The trade was a 4.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kuo Wei Herbert Chang sold 50 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total value of $71,000.00. Following the completion of the sale, the director owned 565 shares of the company’s stock, valued at $802,300. This trade represents a 8.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 7,705 shares of company stock worth $13,058,385 over the last quarter. 3.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of research reports. Oppenheimer set a $1,700.00 price target on Monolithic Power Systems in a research report on Friday, May 1st. Rosenblatt Securities restated a “neutral” rating and set a $1,575.00 price objective on shares of Monolithic Power Systems in a research note on Friday, July 31st. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. Arete Research set a $2,013.00 target price on Monolithic Power Systems and gave the stock a “buy” rating in a research report on Thursday. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Monolithic Power Systems has an average rating of “Moderate Buy” and an average target price of $1,731.42.

Monolithic Power Systems Stock Down 2.4%

MPWR stock opened at $1,285.03 on Tuesday. The company has a market capitalization of $63.15 billion, a P/E ratio of 78.79 and a beta of 1.69. The company has a 50-day simple moving average of $1,366.04 and a 200 day simple moving average of $1,348.10. Monolithic Power Systems, Inc. has a fifty-two week low of $800.97 and a fifty-two week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, topping analysts’ consensus estimates of $5.87 by $0.63. The company had revenue of $980.64 million for the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. Monolithic Power Systems’s revenue was up 47.6% on a year-over-year basis. During the same period in the previous year, the firm earned $4.21 EPS. Equities analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 49.05%.

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.