Cornerstone Advisors LLC Acquires Shares of 7,864 Monolithic Power Systems, Inc. $MPWR

Cornerstone Advisors LLC acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,864 shares of the semiconductor company’s stock, valued at approximately $10,871,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. IFP Advisors Inc lifted its position in Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares during the period. Covestor Ltd boosted its holdings in 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 purchasing an additional 9 shares during the last quarter. Greenline Wealth Management LLC acquired a new stake in Monolithic Power Systems during the 4th quarter worth about $38,000. Sunbelt Securities Inc. grew its position in Monolithic Power Systems by 233.3% during the 1st quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 28 shares during the period. Finally, Essential Partners LLC grew its position in Monolithic Power Systems by 30.3% during the 1st quarter. Essential Partners LLC now owns 43 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 10 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the completion of the sale, the executive vice president directly owned 1,119 shares in the company, valued at $1,503,868.86. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Saria Tseng sold 7,565 shares of the company’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 value of $12,860,500.00. Following the transaction, the executive vice president directly owned 144,218 shares of the company’s stock, valued at approximately $245,170,600. The trade was a 4.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 13,191 shares of company stock worth $21,807,015. 3.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MPWR has been the subject of several analyst reports. Wells Fargo & Company boosted their price objective on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Wall Street Zen raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Oppenheimer set a $1,700.00 price target on Monolithic Power Systems in a research report on Friday, May 1st. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, KeyCorp boosted their price target on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus price target of $1,705.82.

Monolithic Power Systems Stock Performance

MPWR opened at $1,415.99 on Tuesday. Monolithic Power Systems, Inc. has a fifty-two week low of $800.97 and a fifty-two week high of $1,714.09. The company has a fifty day moving average of $1,391.62 and a two-hundred day moving average of $1,342.90. The stock has a market capitalization of $69.59 billion, a price-to-earnings ratio of 86.82 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data 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. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The business had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. During the same quarter in the prior year, the firm posted $4.21 earnings per share. The company’s revenue was up 47.6% compared to the same quarter last year. On average, equities research analysts forecast that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is presently 49.05%.

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.