Icon Wealth Advisors LLC Purchases 365 Shares of Monolithic Power Systems, Inc. $MPWR

Icon Wealth Advisors LLC boosted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 27.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,671 shares of the semiconductor company’s stock after purchasing an additional 365 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Monolithic Power Systems were worth $1,515,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd raised its position in shares of Monolithic Power Systems by 29.0% during 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. Resonant Capital Advisors LLC lifted its stake in shares of Monolithic Power Systems by 4.1% in the 4th quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock valued at $230,000 after purchasing an additional 10 shares during the period. YANKCOM Partnership lifted its stake in shares of Monolithic Power Systems by 6.7% in the 4th quarter. YANKCOM Partnership now owns 176 shares of the semiconductor company’s stock valued at $160,000 after purchasing an additional 11 shares during the period. First National Bank of Hutchinson lifted its stake in shares of Monolithic Power Systems by 1.2% in the 4th quarter. First National Bank of Hutchinson now owns 948 shares of the semiconductor company’s stock valued at $859,000 after purchasing an additional 11 shares during the period. Finally, Ballentine Partners LLC lifted its stake in shares of Monolithic Power Systems by 2.2% in the 4th quarter. Ballentine Partners LLC now owns 567 shares of the semiconductor company’s stock valued at $514,000 after purchasing an additional 12 shares during the period. 93.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Weiss Ratings downgraded Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 28th. Needham & Company LLC increased their price target on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Oppenheimer set a $1,700.00 price target on Monolithic Power Systems in a research note on Friday, May 1st. Finally, Zacks Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,599.17.

Insider Buying and Selling at Monolithic Power Systems

In related news, Director Eileen Wynne sold 335 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,582.68, for a total transaction of $530,197.80. Following the sale, the director owned 1,007 shares of the company’s stock, valued at approximately $1,593,758.76. This trade represents a 24.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,533.95, for a total value of $46,018.50. Following the sale, the executive vice president directly owned 1,179 shares in the company, valued at $1,808,527.05. The trade was a 2.48% decrease in their position. 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 113,073 shares of company stock worth $160,875,958 in the last three months. 3.60% of the stock is owned by insiders.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $1,577.32 on Monday. The company has a market capitalization of $77.49 billion, a PE ratio of 113.72, a PEG ratio of 2.82 and a beta of 1.69. Monolithic Power Systems, Inc. has a 12 month low of $150.68 and a 12 month high of $1,714.09. The stock’s fifty day simple moving average is $1,510.26 and its 200 day simple moving average is $1,210.29.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.90 by $0.20. The business had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The firm’s revenue was up 26.1% compared to the same quarter last year. During the same quarter last year, the business posted $4.04 EPS. Analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 57.68%.

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.