Green Alpha Advisors LLC Takes $1.09 Million Position in Monolithic Power Systems, Inc. $MPWR

Green Alpha Advisors LLC bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 788 shares of the semiconductor company’s stock, valued at approximately $1,089,000.

Several other institutional investors have also modified their holdings of MPWR. Fideuram Asset Management Ireland dac acquired a new position in Monolithic Power Systems during the 4th quarter worth $3,983,000. Mirabaud Asset Management Ltd acquired a new stake in shares of Monolithic Power Systems in the 4th quarter valued at about $4,424,000. B. Metzler seel. Sohn & Co. AG raised its stake in shares of Monolithic Power Systems by 45.9% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 2,448 shares of the semiconductor company’s stock valued at $2,219,000 after purchasing an additional 770 shares in the last quarter. Baker Avenue Asset Management LP lifted its position in shares of Monolithic Power Systems by 436.6% during the fourth quarter. Baker Avenue Asset Management LP now owns 3,182 shares of the semiconductor company’s stock worth $2,884,000 after purchasing an additional 2,589 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Monolithic Power Systems during the fourth quarter worth about $658,656,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 50 shares of Monolithic Power Systems stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total transaction of $71,000.00. Following the transaction, the director directly owned 565 shares in the company, valued at approximately $802,300. This trade represents a 8.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeff Zhou sold 486 shares of Monolithic Power Systems stock in a transaction dated 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 transaction, the director directly owned 3,800 shares in the company, 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. In the last 90 days, insiders sold 8,191 shares of company stock valued at $13,874,865. Company insiders own 3.60% of the company’s stock.

Monolithic Power Systems Trading Up 0.4%

NASDAQ MPWR opened at $1,316.28 on Friday. The company has a 50-day moving average price of $1,373.38 and a two-hundred day moving average price of $1,346.04. Monolithic Power Systems, Inc. has a 52 week low of $800.97 and a 52 week high of $1,714.09. The stock has a market cap of $64.68 billion, a price-to-earnings ratio of 80.70 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, beating analysts’ consensus estimates of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The company had revenue of $980.64 million for the quarter, compared to analysts’ expectations of $903.30 million. During the same quarter in the previous year, the company posted $4.21 earnings per share. The business’s revenue for the quarter was up 47.6% compared to the same quarter last year. As a group, equities research analysts expect that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $2.00 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is 49.05%.

Analyst Ratings Changes

MPWR has been the subject of several research analyst reports. Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Wall Street Zen upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Rosenblatt Securities reissued a “neutral” rating and set a $1,575.00 price target on shares of Monolithic Power Systems in a research report on Friday, July 31st. Finally, Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average price target of $1,731.42.

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.