Fortress Financial Solutions LLC Purchases New Holdings in Monolithic Power Systems, Inc. $MPWR

Fortress Financial Solutions LLC purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 3rd quarter, HoldingsChannel reports. The firm purchased 635 shares of the semiconductor company’s stock, valued at approximately $855,000.

A number of other large investors also recently modified their holdings of MPWR. Transamerica Financial Advisors LLC bought a new stake in shares of Monolithic Power Systems in the second quarter valued at approximately $35,000. Danske Bank A S bought a new position in Monolithic Power Systems during the second quarter worth $36,000. Continuum Advisory LLC bought a new position in Monolithic Power Systems during the second quarter worth $43,000. GK Wealth Management LLC bought a new position in Monolithic Power Systems during the third quarter worth $43,000. Finally, NBH Bank acquired a new position in Monolithic Power Systems during the 2nd quarter valued at $54,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Monolithic Power Systems

In related news, Director Kuo Wei Chang sold 50 shares of the company’s stock in a transaction dated 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 sale, the director owned 515 shares of the company’s stock, valued at $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction dated 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 130 shares of company stock valued at $175,397 over the last ninety days. 3.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on MPWR. TD Cowen reissued a “buy” rating on shares of Monolithic Power Systems in a report on Monday, October 5th. Zacks Research lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Truist Financial boosted their price objective on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Rosenblatt Securities restated a “neutral” rating and set a $1,575.00 price objective on shares of Monolithic Power Systems in a report on Friday, July 31st. Finally, Needham & Company LLC upped 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 report on Friday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,735.50.

Monolithic Power Systems Trading Down 5.8%

MPWR stock traded down $76.44 during midday trading on Wednesday, hitting $1,243.11. The stock had a trading volume of 1,121,267 shares, compared to its average volume of 727,726. The firm has a market capitalization of $61.09 billion, a price-to-earnings ratio of 76.22 and a beta of 1.68. Monolithic Power Systems, Inc. has a 52 week low of $833.18 and a 52 week high of $1,714.09. The stock has a 50-day simple moving average of $1,311.99 and a 200 day simple moving average of $1,389.81.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping analysts’ consensus estimates of $5.87 by $0.63. The firm 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%. The business’s revenue was up 47.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.21 earnings per share. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post 23.32 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 49.05%.

Monolithic Power Systems Company Profile

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.