United Capital Financial Advisors LLC Makes New $2.23 Million Investment in Monolithic Power Systems, Inc. $MPWR

United Capital Financial Advisors LLC acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 1,613 shares of the semiconductor company’s stock, valued at approximately $2,230,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dearborn Partners LLC bought a new stake in shares of Monolithic Power Systems during the 2nd quarter valued at $332,000. Caitlin John LLC bought a new position in shares of Monolithic Power Systems in the second quarter worth $871,000. Equitable Holdings Inc. bought a new position in shares of Monolithic Power Systems in the second quarter worth $4,182,000. Centaurus Financial Inc. acquired a new position in Monolithic Power Systems in the second quarter valued at about $322,000. Finally, Brasada Capital Management LP acquired a new position in Monolithic Power Systems in the second quarter valued at about $8,942,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Down 4.2%

MPWR stock opened at $1,256.26 on Friday. The stock has a market capitalization of $61.73 billion, a P/E ratio of 77.02 and a beta of 1.69. Monolithic Power Systems, Inc. has a 12 month low of $800.97 and a 12 month high of $1,714.09. The firm has a 50-day moving average price of $1,348.06 and a 200-day moving average price of $1,350.23.

Monolithic Power Systems (NASDAQ:MPWR) last announced 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 company had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The firm’s revenue was up 47.6% on a year-over-year basis. During the same period in the previous year, the firm posted $4.21 EPS. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently announced 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 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 49.05%.

Analysts Set New Price Targets

A number of brokerages have issued reports on MPWR. Wells Fargo & Company increased 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 note on Friday, July 31st. KeyCorp increased their price target on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. TD Cowen boosted their price objective on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $1,575.00 price target on shares of Monolithic Power Systems in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and an average price target of $1,731.42.

Insiders Place Their Bets

In other news, Director Kuo Wei Herbert Chang sold 50 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the completion of the transaction, the director directly owned 515 shares in the company, valued at approximately $660,008.55. This represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the transaction, the executive vice president owned 1,119 shares of the company’s stock, valued at $1,503,868.86. This trade represents a 2.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 190 shares of company stock worth $261,964. Insiders own 3.60% of the company’s stock.

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.