WESPAC Advisors LLC Purchases Shares of 601 Monolithic Power Systems, Inc. $MPWR

WESPAC Advisors LLC purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 601 shares of the semiconductor company’s stock, valued at approximately $545,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after buying an additional 200 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Monolithic Power Systems by 3.1% during the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after acquiring an additional 161 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of Monolithic Power Systems during the second quarter worth approximately $460,000. Boston Partners bought a new stake in shares of Monolithic Power Systems in the 2nd quarter worth approximately $3,408,000. Finally, Quadrant Capital Group LLC boosted its stake in shares of Monolithic Power Systems by 33.0% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,398 shares of the semiconductor company’s stock valued at $1,022,000 after purchasing an additional 347 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MPWR has been the topic of a number of analyst reports. KeyCorp lifted their target price on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. 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 Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. Citigroup lifted their price target on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Finally, Rosenblatt Securities increased their price objective on Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average price target of $1,218.42.

Insider Activity

In other Monolithic Power Systems news, Director Victor K. Lee sold 400 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $1,212.16, for a total transaction of $484,864.00. Following the sale, the director directly owned 27,756 shares of the company’s stock, valued at approximately $33,644,712.96. The trade was a 1.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Theodore Blegen sold 21,725 shares of the company’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 value of $25,443,451.00. Following the transaction, the chief financial officer owned 82,353 shares in the company, valued at $96,448,539.48. This trade represents a 20.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 97,580 shares of company stock worth $113,337,222. 3.40% of the stock is owned by company insiders.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $1,053.01 on Monday. The stock’s 50-day moving average is $1,120.02 and its 200 day moving average is $1,010.90. The company has a market cap of $51.72 billion, a PE ratio of 82.65, a P/E/G ratio of 2.67 and a beta of 1.45. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $1,256.22.

Monolithic Power Systems (NASDAQ:MPWR) last posted its 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 analysts’ expectations of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The business’s revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.09 earnings per share. Analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

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

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.