NewEdge Wealth LLC Grows Position in Monolithic Power Systems, Inc. $MPWR

NewEdge Wealth LLC lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 88.5% in the first quarter, HoldingsChannel reports. The fund owned 33,727 shares of the semiconductor company’s stock after acquiring an additional 15,831 shares during the period. NewEdge Wealth LLC’s holdings in Monolithic Power Systems were worth $36,875,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Wiregrass Investment Management LLC boosted its stake in shares of Monolithic Power Systems by 3.0% in the first quarter. Wiregrass Investment Management LLC now owns 624 shares of the semiconductor company’s stock worth $683,000 after acquiring an additional 18 shares during the period. Westpac Banking Corp grew its holdings in shares of Monolithic Power Systems by 10.7% in the first quarter. Westpac Banking Corp now owns 1,316 shares of the semiconductor company’s stock valued at $1,439,000 after purchasing an additional 127 shares in the last quarter. Bellwether Advisors LLC purchased a new position in shares of Monolithic Power Systems in the 1st quarter worth $1,558,000. ABN Amro Investment Solutions grew its position in Monolithic Power Systems by 1.9% in the first quarter. ABN Amro Investment Solutions now owns 2,274 shares of the semiconductor company’s stock worth $2,486,000 after acquiring an additional 43 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Monolithic Power Systems by 6.5% during the first quarter. PNC Financial Services Group Inc. now owns 14,172 shares of the semiconductor company’s stock valued at $15,495,000 after acquiring an additional 868 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 30,000 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 205,959 shares in the company, valued at approximately $340,769,463.45. The trade was a 12.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeff Zhou sold 486 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were 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 of the company’s stock, valued at $6,384,000. The trade was a 11.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 69,370 shares of company stock valued at $112,702,503. Corporate insiders own 3.60% of the company’s stock.

Monolithic Power Systems Trading Up 1.1%

Shares of MPWR opened at $1,398.45 on Thursday. The firm has a market cap of $68.71 billion, a P/E ratio of 100.83, a PEG ratio of 2.46 and a beta of 1.71. Monolithic Power Systems, Inc. has a 12 month low of $702.56 and a 12 month high of $1,714.09. The stock’s 50 day moving average is $1,470.13 and its two-hundred day moving average is $1,298.38.

Monolithic Power Systems (NASDAQ:MPWR) last announced its 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 return on equity of 19.58% and a net margin of 22.84%.The business had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. During the same period in the prior year, the company posted $4.04 EPS. The business’s quarterly revenue was up 26.1% on a year-over-year basis. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 20.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given 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 57.68%.

Analyst Upgrades and Downgrades

Several research analysts have commented on MPWR shares. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Raymond James Financial reissued an “outperform” rating and set a $1,800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 1st. TD Cowen raised their price target on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Truist Financial set a $1,805.00 target price on Monolithic Power Systems in a report on Friday, May 1st. Finally, Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,657.27.

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.