Triad Wealth Partners LLC Invests $883,000 in Monolithic Power Systems, Inc. $MPWR

Triad Wealth Partners LLC purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the fourth quarter, Holdings Channel.com reports. The firm purchased 974 shares of the semiconductor company’s stock, valued at approximately $883,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MPWR. SG Americas Securities LLC raised its stake in shares of Monolithic Power Systems by 77,483.1% during the 4th quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock worth $237,676,000 after purchasing an additional 261,893 shares in the last quarter. Rakuten Investment Management Inc. purchased a new stake in shares of Monolithic Power Systems during the 3rd quarter worth about $197,260,000. First Trust Advisors LP raised its stake in shares of Monolithic Power Systems by 66.4% during the 3rd quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock worth $412,263,000 after purchasing an additional 178,622 shares in the last quarter. Rafferty Asset Management LLC raised its stake in shares of Monolithic Power Systems by 36.1% during the 2nd quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock worth $386,991,000 after purchasing an additional 140,269 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Monolithic Power Systems by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after purchasing an additional 134,087 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Oppenheimer reaffirmed an “outperform” rating and set a $1,300.00 price target on shares of Monolithic Power Systems in a research note on Thursday, January 29th. Citigroup raised their price target on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Stifel Nicolaus raised their price target on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Weiss Ratings lowered Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Finally, Needham & Company LLC increased their price objective on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a report on Friday, February 6th. 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,218.42.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $1,353.85 on Friday. The firm has a market cap of $66.50 billion, a price-to-earnings ratio of 106.27, a P/E/G ratio of 3.38 and a beta of 1.48. The business’s 50-day simple moving average is $1,138.20 and its 200-day simple moving average is $1,030.26. Monolithic Power Systems, Inc. has a 52 week low of $476.00 and a 52 week high of $1,370.00.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.05. The business had revenue of $751.16 million for the quarter, compared to analyst estimates of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The firm’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.09 EPS. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s payout ratio is currently 62.79%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, Director Victor K. Lee sold 400 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $1,212.16, for a total value of $484,864.00. Following the sale, the director owned 27,756 shares of the company’s stock, valued at $33,644,712.96. This trade represents a 1.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Maurice Sciammas sold 22,875 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the completion of the sale, the executive vice president directly owned 178,625 shares in the company, valued at $209,198,455. This trade represents a 11.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 137,683 shares of company stock worth $158,138,447 in the last 90 days. Company insiders own 3.40% of the company’s stock.

Monolithic Power Systems 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.