414 Shares in Monolithic Power Systems, Inc. $MPWR Bought by Sigma Planning Corp

Sigma Planning Corp purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 414 shares of the semiconductor company’s stock, valued at approximately $453,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MPWR. Covestor Ltd lifted its stake in shares of Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 9 shares in the last quarter. Bell Investment Advisors Inc increased its position in shares of Monolithic Power Systems by 23.7% during the first quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 9 shares in the last quarter. Resonant Capital Advisors LLC increased its position in shares of Monolithic Power Systems by 4.1% during the fourth quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock worth $230,000 after acquiring an additional 10 shares in the last quarter. CENTRAL TRUST Co raised its holdings in shares of Monolithic Power Systems by 1.4% in 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. Finally, YANKCOM Partnership raised its holdings in shares of Monolithic Power Systems by 6.7% in the 4th quarter. YANKCOM Partnership now owns 176 shares of the semiconductor company’s stock worth $160,000 after acquiring an additional 11 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $1,328.80 on Tuesday. The company has a market capitalization of $65.28 billion, a PE ratio of 95.80, a price-to-earnings-growth ratio of 2.33 and a beta of 1.71. The business has a fifty day moving average price of $1,479.49 and a two-hundred day moving average price of $1,291.55. Monolithic Power Systems, Inc. has a 1 year low of $702.32 and a 1 year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The company had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The business’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same period in the previous year, the business posted $4.04 EPS. Sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 20.26 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s payout ratio is presently 57.68%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MPWR. Needham & Company LLC lifted their price target on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Wells Fargo & Company dropped their target price on Monolithic Power Systems from $1,860.00 to $1,700.00 and set an “overweight” rating on the stock in a report on Monday. Oppenheimer set a $1,700.00 target price on Monolithic Power Systems in a research report on Friday, May 1st. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Finally, Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average target price of $1,585.83.

Insider Transactions at Monolithic Power Systems

In related news, Director Jeff Zhou sold 1,014 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $1,587.06, for a total value of $1,609,278.84. Following the transaction, the director owned 4,786 shares in the company, valued at approximately $7,595,669.16. This represents a 17.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the transaction, the executive vice president directly owned 166,644 shares of the company’s stock, valued at approximately $260,197,941.60. This trade represents a 6.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 69,370 shares of company stock valued at $112,702,503. Corporate insiders own 3.60% of the company’s stock.

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.