Corient Private Wealth LLC Boosts Stake in Monolithic Power Systems, Inc. $MPWR

Corient Private Wealth LLC boosted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3,719.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,047,173 shares of the semiconductor company’s stock after acquiring an additional 1,993,576 shares during the quarter. Monolithic Power Systems accounts for about 1.0% of Corient Private Wealth LLC’s investment portfolio, making the stock its 20th largest position. Corient Private Wealth LLC’s holdings in Monolithic Power Systems were worth $1,855,476,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $34,000. IFP Advisors Inc raised its position in shares of Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares in the last quarter. 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 buying an additional 9 shares in the last quarter. Greenline Wealth Management LLC bought a new stake in shares of Monolithic Power Systems during the 4th quarter worth $38,000. Finally, Torren Management LLC bought a new stake in shares of Monolithic Power Systems during the 4th quarter worth $49,000. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In related news, EVP Saria Tseng sold 7,565 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 144,218 shares of the company’s stock, valued at $245,170,600. This trade represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,533.95, for a total value of $46,018.50. Following the transaction, the executive vice president owned 1,179 shares in the company, valued at approximately $1,808,527.05. This represents a 2.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 113,043 shares of company stock valued at $160,843,106 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MPWR shares. Raymond James Financial reissued an “outperform” rating and issued a $1,800.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 1st. Zacks Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Stifel Nicolaus boosted their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Oppenheimer set a $1,700.00 target price on shares of Monolithic Power Systems in a report on Friday, May 1st. Finally, Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,563.70 on Friday. The firm has a market cap of $76.82 billion, a PE ratio of 112.74, a price-to-earnings-growth ratio of 2.59 and a beta of 1.69. Monolithic Power Systems, Inc. has a fifty-two week low of $671.18 and a fifty-two week high of $1,714.09. The business has a 50 day moving average price of $1,541.36 and a 200-day moving average price of $1,227.74.

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 the consensus estimate of $4.90 by $0.20. The company had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same period in the previous year, the firm earned $4.04 earnings per share. Research analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is currently 57.68%.

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.