Monolithic Power Systems, Inc. $MPWR Shares Purchased by Wedmont Private Capital

Wedmont Private Capital lifted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 68.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,006 shares of the semiconductor company’s stock after purchasing an additional 812 shares during the period. Wedmont Private Capital’s holdings in Monolithic Power Systems were worth $2,748,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Monolithic Power Systems by 10.9% during the third quarter. GAMMA Investing LLC now owns 2,337 shares of the semiconductor company’s stock valued at $3,148,000 after buying an additional 230 shares during the last quarter. Westwind Capital purchased a new position in shares of Monolithic Power Systems during the 3rd quarter worth $1,784,000. Avidian Wealth Enterprises LLC grew its position in shares of Monolithic Power Systems by 4.5% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 185 shares of the semiconductor company’s stock valued at $250,000 after acquiring an additional 8 shares during the period. Valeo Financial Advisors LLC grew its position in shares of Monolithic Power Systems by 16.4% during the 3rd quarter. Valeo Financial Advisors LLC now owns 702 shares of the semiconductor company’s stock valued at $946,000 after acquiring an additional 99 shares during the period. Finally, Whalen Wealth Management Inc. increased its stake in shares of Monolithic Power Systems by 10.2% in the 3rd quarter. Whalen Wealth Management Inc. now owns 650 shares of the semiconductor company’s stock worth $876,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $1,386.29 on Friday. 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 market capitalization of $68.12 billion, a P/E ratio of 85.00 and a beta of 1.68. The company has a fifty day moving average of $1,312.81 and a 200 day moving average of $1,384.69.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS 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 business had revenue of $980.64 million for the quarter, compared to analysts’ expectations of $903.30 million. During the same period last year, the firm earned $4.21 earnings per share. The business’s quarterly revenue was up 47.6% on a year-over-year basis. 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 announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is 49.05%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MPWR. Truist Financial raised their target price on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Zacks Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Raymond James Financial reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. Finally, Arete Research set a $2,013.00 price objective on Monolithic Power Systems and gave the company a “buy” rating in a research note on Thursday, August 20th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,731.42.

Insider Activity at Monolithic Power Systems

In related news, Director Kuo Wei Chang sold 50 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the transaction, the director directly owned 515 shares of the company’s stock, valued at approximately $660,008.55. The trade was a 8.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maurice Sciammas sold 30 shares of the company’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 transaction, the executive vice president owned 1,119 shares of the company’s stock, valued at $1,503,868.86. The trade was a 2.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 130 shares of company stock worth $175,397 in the last three months. 3.60% of the stock is owned by corporate insiders.

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.