Whetstone Capital Advisors LLC Buys Shares of 595 Monolithic Power Systems, Inc. $MPWR

Whetstone Capital Advisors LLC purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 2nd quarter, Holdings Channel reports. The fund purchased 595 shares of the semiconductor company’s stock, valued at approximately $823,000.

Several other large investors also recently added to or reduced their stakes in MPWR. Transamerica Financial Advisors LLC bought a new position in Monolithic Power Systems in the second quarter worth approximately $35,000. IFP Advisors Inc boosted its stake in shares of Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares during the last quarter. Covestor Ltd grew its position in shares of Monolithic Power Systems by 29.0% during the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 9 shares during the period. Danske Bank A S bought a new stake in shares of Monolithic Power Systems during the 2nd quarter valued at $36,000. Finally, Greenline Wealth Management LLC purchased a new stake in shares of Monolithic Power Systems in the 4th quarter worth $38,000. 93.46% of the stock is currently owned by institutional investors.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction on 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 transaction, the executive vice president owned 1,119 shares of the company’s stock, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the transaction, the director owned 515 shares of the company’s stock, valued at approximately $660,008.55. This represents a 8.85% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 160 shares of company stock worth $215,945. Company insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $1,203.75 on Thursday. The stock has a fifty day simple moving average of $1,320.47 and a two-hundred day simple moving average of $1,354.22. The firm has a market capitalization of $59.15 billion, a PE ratio of 73.80 and a beta of 1.66. Monolithic Power Systems, Inc. has a 52-week low of $830.00 and a 52-week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping analysts’ consensus estimates of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The firm had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. During the same quarter in the prior year, the company posted $4.21 earnings per share. The business’s quarterly revenue was up 47.6% compared to the same quarter last year. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is 49.05%.

Wall Street Analysts Forecast Growth

MPWR has been the topic of several analyst reports. Needham & Company LLC lifted their target price on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Arete Research set a $2,013.00 price target on Monolithic Power Systems and gave the stock a “buy” rating in a research report on Thursday, August 20th. Wall Street Zen raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $1,575.00 price objective on shares of Monolithic Power Systems in a research report on Friday, July 31st. Finally, KeyCorp boosted their price objective on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. One equities research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,731.42.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc (NASDAQ:MPWR) designs, develops and markets high-performance semiconductor solutions, with a focus on power management. Its products help regulate, convert and control electrical power in electronic systems, enabling more efficient operation in applications ranging from computing and communications equipment to automotive, industrial and consumer devices.

The company’s portfolio includes DC-to-DC converters, power modules, battery chargers, power-management integrated circuits, motor drivers, LED drivers, voltage regulators and other analog semiconductor products.