Diversify Wealth Management LLC Sells 1,064 Shares of Monolithic Power Systems, Inc. $MPWR

Diversify Wealth Management LLC decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 60.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 697 shares of the semiconductor company’s stock after selling 1,064 shares during the quarter. Diversify Wealth Management LLC’s holdings in Monolithic Power Systems were worth $933,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MPWR. Royal Fund Management LLC lifted its stake in shares of Monolithic Power Systems by 2.7% in the 1st quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company’s stock valued at $289,000 after purchasing an additional 7 shares during the period. Covestor Ltd increased its holdings in Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 9 shares in the last quarter. Bell Investment Advisors Inc increased its holdings in Monolithic Power Systems by 23.7% in the first quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 9 shares in the last quarter. Resonant Capital Advisors LLC lifted its stake in Monolithic Power Systems by 4.1% in the fourth quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock valued at $230,000 after buying an additional 10 shares during the period. Finally, CENTRAL TRUST Co boosted its holdings in shares of Monolithic Power Systems by 1.4% during the 1st quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company’s stock worth $766,000 after buying an additional 10 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Stock Up 2.9%

Shares of NASDAQ:MPWR opened at $1,402.01 on Friday. Monolithic Power Systems, Inc. has a twelve month low of $800.97 and a twelve month high of $1,714.09. The stock’s 50 day moving average is $1,394.48 and its 200-day moving average is $1,338.74. The firm has a market capitalization of $68.90 billion, a price-to-earnings ratio of 85.96 and a beta of 1.69.

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

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $2.00 per share. 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 payout ratio is presently 49.05%.

Wall Street Analyst Weigh In

MPWR has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Weiss Ratings lowered shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. KeyCorp upped their price objective 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. Finally, Oppenheimer set a $1,700.00 price objective 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, eleven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,705.82.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the sale, the executive vice president owned 1,119 shares in the company, valued at $1,503,868.86. This represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Saria Tseng sold 7,565 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the transaction, the executive vice president directly owned 144,218 shares in the company, valued at approximately $245,170,600. The trade was a 4.98% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 13,191 shares of company stock valued at $21,807,015. Insiders own 3.60% of the company’s stock.

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.