Burling Wealth Partners LLC Invests $2.37 Million in Monolithic Power Systems, Inc. $MPWR

Burling Wealth Partners LLC acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 2,165 shares of the semiconductor company’s stock, valued at approximately $2,367,000.

Several other institutional investors have also recently added to or reduced their stakes in MPWR. Corient Private Wealth LLC raised its position in Monolithic Power Systems by 3,719.6% in the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after purchasing an additional 1,993,576 shares during the period. Norges Bank purchased a new position in shares of Monolithic Power Systems during the fourth quarter worth $658,656,000. Invesco Ltd. grew its stake in shares of Monolithic Power Systems by 25.9% in the fourth quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock valued at $1,300,345,000 after buying an additional 295,556 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Monolithic Power Systems by 77,483.1% in the fourth quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock valued at $237,676,000 after buying an additional 261,893 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Monolithic Power Systems by 56.6% in the fourth quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company’s stock valued at $635,770,000 after buying an additional 253,653 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 1.3%

Monolithic Power Systems stock opened at $1,328.80 on Tuesday. Monolithic Power Systems, Inc. has a twelve month low of $702.32 and a twelve month high of $1,714.09. The stock’s fifty day simple moving average is $1,479.49 and its 200-day simple moving average is $1,291.55. The firm has a market capitalization of $65.28 billion, a P/E ratio of 95.80, a P/E/G ratio of 2.33 and a beta of 1.71.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.90 by $0.20. The business had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same period last year, the firm earned $4.04 earnings per share. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 20.26 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $2.00 dividend. The ex-dividend date of this dividend was 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 (DPR) is currently 57.68%.

Insider Buying and Selling

In other news, EVP Deming Xiao sold 30,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the completion of the transaction, the executive vice president directly owned 205,959 shares of the company’s stock, valued at approximately $340,769,463.45. The trade was a 12.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Saria Tseng sold 7,565 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the sale, the executive vice president owned 144,218 shares in the company, valued at $245,170,600. The trade was a 4.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 69,370 shares of company stock worth $112,702,503 over the last ninety days. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MPWR shares. Rosenblatt Securities increased their target price on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Wells Fargo & Company dropped their target price on Monolithic Power Systems from $1,860.00 to $1,700.00 and set an “overweight” rating for the company in a research report on Monday. Raymond James Financial reiterated 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. Finally, Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus price target of $1,585.83.

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.