Vest Financial LLC Purchases 16,892 Shares of Monolithic Power Systems, Inc. $MPWR

Vest Financial LLC raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 52.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,277 shares of the semiconductor company’s stock after purchasing an additional 16,892 shares during the quarter. Vest Financial LLC owned 0.10% of Monolithic Power Systems worth $45,366,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Brighton Jones LLC raised its holdings in shares of Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after buying an additional 200 shares during the period. Empowered Funds LLC grew its position in Monolithic Power Systems by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after acquiring an additional 161 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in Monolithic Power Systems by 1.8% in the second quarter. Exchange Traded Concepts LLC now owns 1,142 shares of the semiconductor company’s stock worth $835,000 after purchasing an additional 20 shares during the period. CX Institutional lifted its position in shares of Monolithic Power Systems by 10.7% during the second quarter. CX Institutional now owns 290 shares of the semiconductor company’s stock worth $212,000 after purchasing an additional 28 shares during the last quarter. Finally, Sowell Financial Services LLC boosted its stake in shares of Monolithic Power Systems by 6.6% during the second quarter. Sowell Financial Services LLC now owns 370 shares of the semiconductor company’s stock valued at $271,000 after purchasing an additional 23 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In other news, CFO Theodore Blegen sold 3,000 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $908.21, for a total transaction of $2,724,630.00. Following the transaction, the chief financial officer owned 71,332 shares of the company’s stock, valued at approximately $64,784,435.72. The trade was a 4.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Victor K. Lee sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $951.72, for a total transaction of $951,720.00. Following the sale, the director owned 28,567 shares of the company’s stock, valued at approximately $27,187,785.24. The trade was a 3.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 71,276 shares of company stock worth $64,784,323. 3.40% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $1,057.63 on Wednesday. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $1,123.38. The firm has a market capitalization of $50.67 billion, a PE ratio of 27.06, a P/E/G ratio of 2.92 and a beta of 1.45. The business’s 50 day moving average price is $945.26 and its 200-day moving average price is $898.94.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $4.73 EPS for the quarter, beating the consensus estimate of $4.62 by $0.11. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.The firm had revenue of $737.18 million during the quarter, compared to the consensus estimate of $720.66 million. During the same period in the prior year, the company earned $4.06 EPS. The firm’s revenue was up 18.9% compared to the same quarter last year. As a group, analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $1.56 per share. The ex-dividend date was Wednesday, December 31st. This represents a $6.24 dividend on an annualized basis and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 15.93%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Truist Financial raised their price target on shares of Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Citigroup lifted their price target on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Wolfe Research set a $1,200.00 price objective on Monolithic Power Systems and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. KeyCorp lifted their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Finally, Stifel Nicolaus upped their target price on Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,074.58.

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.