Commerce Bank Takes Position in Monolithic Power Systems, Inc. $MPWR

Commerce Bank acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, HoldingsChannel reports. The firm acquired 10,928 shares of the semiconductor company’s stock, valued at approximately $15,106,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. IFP Advisors Inc grew its stake in Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares during the period. Covestor Ltd raised its holdings in Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 9 shares during the last quarter. Danske Bank A S purchased a new position in shares of Monolithic Power Systems during the 2nd quarter worth $36,000. Greenline Wealth Management LLC purchased a new position in shares of Monolithic Power Systems during the 4th quarter worth $38,000. Finally, Sunbelt Securities Inc. lifted its stake in shares of 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. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other news, Director Jeff Zhou sold 486 shares of Monolithic Power Systems stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total value of $816,480.00. Following the transaction, the director directly owned 3,800 shares of the company’s stock, valued at $6,384,000. The trade was a 11.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Saria Tseng sold 7,565 shares of Monolithic Power Systems stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the completion of the transaction, the executive vice president directly owned 144,218 shares in the company, valued at $245,170,600. This represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,191 shares of company stock worth $13,874,865 in the last three months. 3.60% of the stock is currently owned by insiders.

Monolithic Power Systems Stock Up 0.4%

NASDAQ:MPWR opened at $1,316.28 on Friday. The company has a market cap of $64.68 billion, a P/E ratio of 80.70 and a beta of 1.69. The firm’s 50 day moving average is $1,373.38 and its two-hundred day moving average is $1,346.04. 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 announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.63. The company had revenue of $980.64 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 47.6% compared to the same quarter last year. During the same period in the previous year, the company earned $4.21 EPS. Research analysts forecast that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. KeyCorp lifted their price objective on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th. Finally, Arete Research set a $2,013.00 price target on Monolithic Power Systems and gave the company a “buy” rating in a report on Thursday. 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,731.42.

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.