Inspire Investing LLC Grows Position in Monolithic Power Systems, Inc. $MPWR

Inspire Investing LLC boosted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 10,672 shares of the semiconductor company’s stock after acquiring an additional 567 shares during the quarter. Monolithic Power Systems makes up about 1.0% of Inspire Investing LLC’s portfolio, making the stock its 12th biggest position. Inspire Investing LLC’s holdings in Monolithic Power Systems were worth $11,668,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after purchasing an additional 200 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Monolithic Power Systems by 3.1% during the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after buying an additional 161 shares during the period. NewEdge Advisors LLC grew its stake in shares of Monolithic Power Systems by 3.5% during the second quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock valued at $6,863,000 after buying an additional 314 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Monolithic Power Systems by 35.2% during the second quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock valued at $26,175,000 after buying an additional 9,315 shares during the last quarter. Finally, Globeflex Capital L P purchased a new stake in shares of Monolithic Power Systems in the second quarter worth approximately $347,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Monolithic Power Systems

In other news, Director Eugen J. Elmiger sold 12,000 shares of Monolithic Power Systems 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 transaction, the director directly owned 5,402 shares in the company, valued at approximately $8,561,953.92. This trade represents a 68.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeff Zhou sold 486 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total value of $816,480.00. Following the completion of the transaction, the director directly owned 3,800 shares of the company’s stock, valued at approximately $6,384,000. The trade was a 11.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 87,369 shares of company stock valued at $134,899,529 over the last 90 days. Insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,312.77 on Tuesday. Monolithic Power Systems, Inc. has a one year low of $686.87 and a one year high of $1,714.09. The firm has a market cap of $64.50 billion, a P/E ratio of 94.65, a P/E/G ratio of 2.35 and a beta of 1.69. The firm has a 50-day simple moving average of $1,551.98 and a 200-day simple moving average of $1,251.13.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results 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 net margin of 22.84% and a return on equity of 19.58%. The firm had revenue of $804.19 million during the quarter, compared to analysts’ expectations of $781.93 million. During the same quarter in the prior year, the company earned $4.04 EPS. The company’s revenue was up 26.1% compared to the same quarter last year. On average, research analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $2.00 per share. The ex-dividend date is Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is currently 57.68%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MPWR. Oppenheimer set a $1,700.00 price target on Monolithic Power Systems in a research note on Friday, May 1st. TD Cowen increased their target price on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Wells Fargo & Company lifted their target price on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. Finally, Weiss Ratings upgraded shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Monolithic Power Systems has an average rating of “Moderate Buy” and an average price target of $1,599.17.

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.