Diversify Advisory Services LLC Makes New $933,000 Investment in Monolithic Power Systems, Inc. $MPWR

Diversify Advisory Services LLC purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 697 shares of the semiconductor company’s stock, valued at approximately $933,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealthfront Advisers LLC bought a new position in shares of Monolithic Power Systems in the second quarter worth about $12,266,000. Summit Creek Advisors LLC bought a new stake in Monolithic Power Systems during the 2nd quarter valued at approximately $218,000. First National Bank of Omaha acquired a new stake in Monolithic Power Systems in the 2nd quarter valued at approximately $2,770,000. Meeder Advisory Services Inc. bought a new position in Monolithic Power Systems in the 2nd quarter worth approximately $2,046,000. Finally, Meeder Asset Management Inc. bought a new position in Monolithic Power Systems in the 2nd quarter worth approximately $62,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MPWR has been the subject of several research reports. Wall Street Zen raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. TD Cowen boosted their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Truist Financial upped their target price on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Finally, Raymond James Financial restated an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,705.82.

Monolithic Power Systems Stock Down 2.5%

Monolithic Power Systems stock opened at $1,300.14 on Thursday. The business has a 50 day moving average price of $1,384.18 and a two-hundred day moving average price of $1,344.93. Monolithic Power Systems, Inc. has a 12 month low of $800.97 and a 12 month high of $1,714.09. The stock has a market cap of $63.89 billion, a price-to-earnings ratio of 79.71 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping 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 return on equity of 22.31% and a net margin of 24.41%.Monolithic Power Systems’s revenue for the quarter was up 47.6% compared to the same quarter last year. During the same quarter last year, the firm earned $4.21 EPS. On average, analysts expect 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 declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $2.00 per share. 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 payout ratio is currently 49.05%.

Insider Buying and Selling at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 50 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $1,420.00, for a total transaction of $71,000.00. Following the completion of the transaction, the director directly owned 565 shares of the company’s stock, valued at approximately $802,300. This trade represents a 8.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeff Zhou sold 486 shares of the firm’s stock in a transaction dated 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 $6,384,000. The trade was a 11.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have 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 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.