Monolithic Power Systems, Inc. $MPWR Shares Bought by Florida Trust Wealth Management Co

Florida Trust Wealth Management Co boosted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 80.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,712 shares of the semiconductor company’s stock after buying an additional 765 shares during the quarter. Florida Trust Wealth Management Co’s holdings in Monolithic Power Systems were worth $2,367,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in Monolithic Power Systems by 46.0% in the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after buying an additional 200 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Monolithic Power Systems by 3.1% during the 1st 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. NewEdge Advisors LLC lifted its holdings in shares of Monolithic Power Systems by 3.5% during the 2nd quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock worth $6,863,000 after acquiring an additional 314 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of Monolithic Power Systems by 35.2% during the 2nd quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock worth $26,175,000 after acquiring an additional 9,315 shares during the period. Finally, Globeflex Capital L P acquired a new stake in shares of Monolithic Power Systems in the second quarter worth approximately $347,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Jeff Zhou sold 486 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kuo Wei Herbert Chang sold 50 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total value of $71,000.00. Following the transaction, the director directly owned 565 shares in the company, valued at $802,300. This trade represents a 8.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 13,191 shares of company stock worth $21,807,015 over the last three months. 3.60% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Performance

MPWR opened at $1,362.55 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $800.97 and a 1 year high of $1,714.09. The firm has a 50 day moving average price of $1,396.06 and a 200 day moving average price of $1,338.29. The company has a market cap of $66.96 billion, a PE ratio of 83.54 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating analysts’ consensus estimates of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The business had revenue of $980.64 million for the quarter, compared to the consensus estimate of $903.30 million. During the same quarter last year, the firm posted $4.21 EPS. The business’s revenue for the quarter was up 47.6% compared to the same quarter last year. On average, sell-side analysts predict that Monolithic Power Systems, Inc. will post 23.35 earnings per share 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 of this dividend 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 is presently 49.05%.

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of recent analyst reports. KeyCorp boosted their target price on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Rosenblatt Securities reissued a “neutral” rating and set a $1,575.00 price objective on shares of Monolithic Power Systems in a research note on Friday, July 31st. Finally, Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,705.82.

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.