WBI Investments LLC Buys New Position in Monolithic Power Systems, Inc. $MPWR

WBI Investments LLC bought a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,567 shares of the semiconductor company’s stock, valued at approximately $1,443,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MPWR. Brighton Jones LLC lifted its holdings in shares of Monolithic Power Systems by 46.0% during the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after acquiring an additional 200 shares during the last quarter. Empowered Funds LLC increased its stake in Monolithic Power Systems by 3.1% in the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after acquiring an additional 161 shares during the last quarter. Allworth Financial LP raised its position in Monolithic Power Systems by 15.3% during the second quarter. Allworth Financial LP now owns 218 shares of the semiconductor company’s stock valued at $159,000 after purchasing an additional 29 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its position in Monolithic Power Systems by 24.1% during the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,424 shares of the semiconductor company’s stock valued at $1,045,000 after purchasing an additional 277 shares in the last quarter. Finally, Foundations Investment Advisors LLC bought a new stake in Monolithic Power Systems during the second quarter worth about $289,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Activity

In other news, EVP Deming Xiao sold 22,875 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the transaction, the executive vice president owned 235,932 shares in the company, valued at approximately $276,314,121.12. This trade represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Saria Tseng sold 22,875 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the completion of the transaction, the executive vice president owned 200,626 shares in the company, valued at $234,965,146.16. This represents a 10.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 98,550 shares of company stock valued at $114,256,090. Corporate insiders own 3.40% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the subject of a number of research reports. KeyCorp upped their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Citigroup boosted their target price on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Weiss Ratings lowered Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Finally, Rosenblatt Securities lifted their price target on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. One 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,218.42.

Monolithic Power Systems Trading Down 1.0%

Shares of NASDAQ:MPWR opened at $1,066.66 on Wednesday. The stock has a market capitalization of $52.39 billion, a P/E ratio of 83.73, a price-to-earnings-growth ratio of 2.73 and a beta of 1.45. The stock’s 50-day moving average price is $1,104.21 and its 200-day moving average price is $997.76. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,256.22.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.05. The company had revenue of $751.16 million during the quarter, compared to analyst estimates of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.Monolithic Power Systems’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.09 EPS. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $2.00 dividend. The ex-dividend date is Tuesday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 annualized dividend and a yield of 0.8%. Monolithic Power Systems’s dividend payout ratio is presently 62.79%.

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.