Fortress Financial Solutions LLC Makes New Investment in Monolithic Power Systems, Inc. $MPWR

Fortress Financial Solutions LLC acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 635 shares of the semiconductor company’s stock, valued at approximately $855,000.

A number of other institutional investors have also recently bought and sold shares of MPWR. BlackRock Inc. purchased a new position in Monolithic Power Systems in the second quarter valued at about $7,727,289,000. State Street Corp increased its position in Monolithic Power Systems by 4.3% in the 2nd quarter. State Street Corp now owns 2,282,186 shares of the semiconductor company’s stock worth $3,159,219,000 after purchasing an additional 93,732 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Monolithic Power Systems by 3,719.6% during the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock worth $1,855,476,000 after purchasing an additional 1,993,576 shares in the last quarter. Invesco Ltd. raised its stake in shares of Monolithic Power Systems by 25.9% during the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock worth $1,300,345,000 after purchasing an additional 295,556 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Monolithic Power Systems by 42.3% during the 2nd quarter. Van ECK Associates Corp now owns 746,237 shares of the semiconductor company’s stock worth $1,031,568,000 after purchasing an additional 221,666 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR stock traded down $76.44 during trading on Wednesday, reaching $1,243.11. The company had a trading volume of 1,121,267 shares, compared to its average volume of 727,726. The firm’s 50 day simple moving average is $1,311.99 and its two-hundred day simple moving average is $1,389.81. Monolithic Power Systems, Inc. has a one year low of $833.18 and a one year high of $1,714.09. The company has a market capitalization of $61.09 billion, a PE ratio of 76.22 and a beta of 1.68.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results 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 firm had revenue of $980.64 million during 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%. The company’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same period in the previous year, the company earned $4.21 EPS. Analysts forecast that Monolithic Power Systems, Inc. will post 23.32 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Wednesday, September 30th. Monolithic Power Systems’s payout ratio is presently 49.05%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MPWR shares. Wells Fargo & Company lifted their price target on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Rosenblatt Securities restated a “neutral” rating and issued a $1,575.00 price objective on shares of Monolithic Power Systems in a report on Friday, July 31st. Wall Street Zen upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Saturday, October 3rd. TD Cowen reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research report on Monday, October 5th. Finally, Arete Research started coverage on shares of Monolithic Power Systems in a research report on Thursday, August 20th. They set a “buy” rating and a $2,013.00 price objective on the stock. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,735.50.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the sale, the executive vice president directly owned 1,119 shares of the company’s stock, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 firm’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 owned 515 shares in the company, valued at $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 130 shares of company stock valued at $175,397 over the last 90 days. 3.60% of the stock is owned by corporate insiders.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help convert, regulate and control electrical power in electronic systems, with applications spanning computing and storage, automotive, industrial, communications infrastructure, consumer electronics and other markets.

The company’s product portfolio includes power-management integrated circuits, DC-to-DC converters, power modules, battery-charging and management solutions, LED drivers, motor drivers, voltage regulators and related analog and mixed-signal devices.