Three Seasons Wealth LLC Buys 609 Shares of Monolithic Power Systems, Inc. $MPWR

Three Seasons Wealth LLC boosted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 225.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 879 shares of the semiconductor company’s stock after buying an additional 609 shares during the quarter. Three Seasons Wealth LLC’s holdings in Monolithic Power Systems were worth $963,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. AIA Group Ltd bought a new position in Monolithic Power Systems during the 3rd quarter valued at about $1,459,000. Merit Financial Group LLC raised its position in Monolithic Power Systems by 183.9% in the 4th quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock worth $2,499,000 after purchasing an additional 1,786 shares during the period. Fideuram Asset Management Ireland dac bought a new stake in Monolithic Power Systems in the fourth quarter worth about $3,983,000. Mirabaud Asset Management Ltd bought a new stake in Monolithic Power Systems in the fourth quarter worth about $4,424,000. Finally, Generate Investment Management Ltd purchased a new position in shares of Monolithic Power Systems during the fourth quarter valued at approximately $9,364,000. 93.46% of the stock is currently owned by institutional investors.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Eugen J. Elmiger sold 12,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total value of $19,019,520.00. Following the completion of the sale, the director directly owned 5,402 shares in the company, valued at approximately $8,561,953.92. This represents a 68.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Saria Tseng sold 7,565 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the transaction, the executive vice president directly owned 144,218 shares in the company, valued at $245,170,600. The trade was a 4.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 69,370 shares of company stock worth $112,702,503 over the last three months. Corporate insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on MPWR shares. Truist Financial set a $1,805.00 target price on Monolithic Power Systems in a research note on Friday, May 1st. Raymond James Financial reissued an “outperform” rating and set a $1,800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 1st. Rosenblatt Securities boosted their price objective on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Needham & Company LLC upped their price objective 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. Finally, Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus price target of $1,599.17.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $1,352.66 on Thursday. The stock has a market cap of $66.46 billion, a price-to-earnings ratio of 97.52, a price-to-earnings-growth ratio of 2.46 and a beta of 1.71. Monolithic Power Systems, Inc. has a 1 year low of $686.87 and a 1 year high of $1,714.09. The firm has a 50-day moving average of $1,497.32 and a two-hundred day moving average of $1,283.48.

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

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 annualized dividend and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is 57.68%.

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.