Evolve Private Wealth LLC Buys Shares of 3,314 Monolithic Power Systems, Inc. $MPWR

Evolve Private Wealth LLC bought a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,314 shares of the semiconductor company’s stock, valued at approximately $3,009,000.

Several other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC boosted its stake in shares of Monolithic Power Systems by 46.0% in the 4th 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 last quarter. Empowered Funds LLC boosted its stake in shares of Monolithic Power Systems by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after buying an additional 161 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Monolithic Power Systems by 3.5% in the 2nd quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock worth $6,863,000 after buying an additional 314 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Monolithic Power Systems by 35.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock worth $26,175,000 after buying an additional 9,315 shares during the last quarter. Finally, Globeflex Capital L P purchased a new position in shares of Monolithic Power Systems in the 2nd quarter worth $347,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, Director Eugen J. Elmiger sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the completion of the transaction, the director owned 5,402 shares in the company, valued at $8,561,953.92. The trade was a 68.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Deming Xiao sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the transaction, the executive vice president owned 205,959 shares of the company’s stock, valued at $340,769,463.45. This trade represents a 12.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 113,073 shares of company stock valued at $160,875,958. 3.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MPWR shares. KeyCorp lifted their target price on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Needham & Company LLC lifted their target price on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Stifel Nicolaus lifted their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Finally, Oppenheimer set a $1,700.00 target price on Monolithic Power Systems in a research report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,599.17.

Monolithic Power Systems Trading Down 3.4%

Shares of MPWR stock opened at $1,448.21 on Thursday. Monolithic Power Systems, Inc. has a 12-month low of $671.18 and a 12-month high of $1,714.09. The stock’s 50-day moving average price is $1,533.91 and its 200-day moving average price is $1,223.25. The stock has a market capitalization of $71.15 billion, a price-to-earnings ratio of 104.41, a price-to-earnings-growth ratio of 2.68 and a beta of 1.69.

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

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Monolithic Power Systems’s payout ratio 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.