418 Monolithic Power Systems, Inc. $MPWR Shares Bought by Western Financial Corp CA

Western Financial Corp CA raised its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 65.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,057 shares of the semiconductor company’s stock after purchasing an additional 418 shares during the quarter. Western Financial Corp CA’s holdings in Monolithic Power Systems were worth $1,424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of MPWR. BlackRock Inc. bought a new position in shares of Monolithic Power Systems during the 2nd quarter worth approximately $7,727,289,000. Corient Private Wealth LLC boosted its stake in Monolithic Power Systems by 3,719.6% in the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after buying an additional 1,993,576 shares in the last quarter. Bank of America Corp DE acquired a new stake in Monolithic Power Systems in the 2nd quarter valued at $741,271,000. Legal & General Group Plc acquired a new stake in Monolithic Power Systems in the 2nd quarter valued at $497,561,000. Finally, Royal Bank of Canada grew its position in Monolithic Power Systems by 168.1% in the first quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock valued at $517,557,000 after acquiring an additional 296,788 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the sale, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of the firm’s stock in a transaction on 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 completion of the sale, the director owned 515 shares of the company’s stock, valued at approximately $660,008.55. This trade represents a 8.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 130 shares of company stock worth $175,397 in the last 90 days. Company insiders own 3.60% of the company’s stock.

Monolithic Power Systems Price Performance

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

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, beating analysts’ consensus estimates of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%. The firm had revenue of $980.64 million during the quarter, compared to analysts’ expectations of $903.30 million. During the same period last year, the firm posted $4.21 EPS. The business’s revenue was up 47.6% on a year-over-year basis. 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. Shareholders of record on Wednesday, September 30th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. Monolithic Power Systems’s payout ratio is currently 49.05%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Raymond James Financial reissued an “outperform” rating on shares of Monolithic Power Systems in a report on Wednesday, August 12th. KeyCorp boosted their target price on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. TD Cowen reaffirmed a “buy” rating on shares of Monolithic Power Systems in a report on Monday, October 5th. Finally, Zacks Research lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,735.50.

About Monolithic Power Systems

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.