Left Brain Wealth Management LLC Takes Position in Monolithic Power Systems, Inc. $MPWR

Left Brain Wealth Management LLC acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 770 shares of the semiconductor company’s stock, valued at approximately $709,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC raised its position in shares of Monolithic Power Systems by 88.9% during the 3rd quarter. Penserra Capital Management LLC now owns 2,191 shares of the semiconductor company’s stock valued at $2,016,000 after acquiring an additional 1,031 shares during the last quarter. AE Wealth Management LLC bought a new position in Monolithic Power Systems during the third quarter worth about $1,121,000. Candriam S.C.A. grew its position in shares of Monolithic Power Systems by 6.9% during the 3rd quarter. Candriam S.C.A. now owns 85,907 shares of the semiconductor company’s stock worth $79,089,000 after buying an additional 5,561 shares during the period. Vanguard Group Inc. increased its stake in shares of Monolithic Power Systems by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after acquiring an additional 134,087 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Monolithic Power Systems by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock valued at $794,723,000 after acquiring an additional 6,503 shares during the period. 93.46% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Victor K. Lee sold 1,000 shares of the stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $951.72, for a total transaction of $951,720.00. Following the completion of the transaction, the director owned 28,567 shares in the company, valued at approximately $27,187,785.24. This represents a 3.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 22,875 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were 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 directly owned 178,625 shares of the company’s stock, valued at approximately $209,198,455. This trade represents a 11.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 98,550 shares of company stock worth $114,256,090. 3.40% of the stock is currently owned by insiders.

Monolithic Power Systems Trading Down 1.9%

MPWR opened at $1,078.44 on Friday. The stock has a market capitalization of $52.97 billion, a P/E ratio of 84.65, a P/E/G ratio of 2.78 and a beta of 1.45. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $1,256.22. The firm’s fifty day simple moving average is $1,085.55 and its 200 day simple moving average is $983.85.

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

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 48.98%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MPWR shares. Weiss Ratings cut shares of Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday. Wells Fargo & Company upped their price objective on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday. Truist Financial boosted their target price on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, Oppenheimer restated an “outperform” rating and issued a $1,300.00 price target on shares of Monolithic Power Systems in a report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and an average target price of $1,218.42.

About Monolithic Power Systems

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.