WBI Investments LLC Purchases New Position in Monolithic Power Systems, Inc. $MPWR

WBI Investments LLC purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 1,567 shares of the semiconductor company’s stock, valued at approximately $1,443,000.

Several other institutional investors and hedge funds have also bought and sold shares of MPWR. True Wealth Design LLC increased its stake in shares of Monolithic Power Systems by 61.1% during the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 11 shares during the period. Fortress Financial Solutions LLC lifted its stake in Monolithic Power Systems by 1.7% in the second quarter. Fortress Financial Solutions LLC now owns 709 shares of the semiconductor company’s stock worth $518,000 after acquiring an additional 12 shares during the period. Cromwell Holdings LLC boosted its holdings in Monolithic Power Systems by 9.2% in the third quarter. Cromwell Holdings LLC now owns 143 shares of the semiconductor company’s stock valued at $132,000 after acquiring an additional 12 shares in the last quarter. Sagespring Wealth Partners LLC boosted its holdings in Monolithic Power Systems by 2.4% in the third quarter. Sagespring Wealth Partners LLC now owns 512 shares of the semiconductor company’s stock valued at $471,000 after acquiring an additional 12 shares in the last quarter. Finally, UMB Bank n.a. increased its position in Monolithic Power Systems by 2.5% during the 3rd quarter. UMB Bank n.a. now owns 492 shares of the semiconductor company’s stock valued at $453,000 after purchasing an additional 12 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MPWR shares. Truist Financial upped their price objective on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a “buy” rating in a 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 company a “buy” rating in a research note on Wednesday, February 4th. Needham & Company LLC boosted their price target 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. Rosenblatt Securities increased their price target on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Finally, Citigroup raised their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a report on Monday, February 9th. One equities 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,218.42.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 22,875 shares of the company’s 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 $26,790,285.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maurice Sciammas sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $1,179.97, for a total transaction of $235,994.00. Following the transaction, the executive vice president directly owned 1,299 shares of the company’s stock, valued at $1,532,781.03. This represents a 13.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 98,550 shares of company stock valued at $114,256,090 over the last three months. 3.40% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Trading Down 1.0%

MPWR opened at $1,066.66 on Wednesday. The company has a market cap of $52.39 billion, a price-to-earnings ratio of 83.73, a price-to-earnings-growth ratio of 2.73 and a beta of 1.45. The stock has a fifty day simple moving average of $1,104.21 and a two-hundred day simple moving average of $997.76. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,256.22.

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

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 annualized dividend and a yield of 0.8%. Monolithic Power Systems’s payout ratio 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.