Whittier Trust Co. Purchases 678 Shares of Monolithic Power Systems, Inc. $MPWR

Whittier Trust Co. lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,201 shares of the semiconductor company’s stock after buying an additional 678 shares during the period. Whittier Trust Co. owned about 0.09% of Monolithic Power Systems worth $40,613,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BLB&B Advisors LLC raised its stake in shares of Monolithic Power Systems by 4.1% during the third quarter. BLB&B Advisors LLC now owns 9,581 shares of the semiconductor company’s stock worth $8,821,000 after acquiring an additional 376 shares in the last quarter. Sagespring Wealth Partners LLC grew its holdings in shares of Monolithic Power Systems by 2.4% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 512 shares of the semiconductor company’s stock valued at $471,000 after purchasing an additional 12 shares during the last quarter. GDS Wealth Management grew its holdings in shares of Monolithic Power Systems by 6.9% during the 3rd quarter. GDS Wealth Management now owns 18,054 shares of the semiconductor company’s stock valued at $16,621,000 after purchasing an additional 1,169 shares during the last quarter. BAM Wealth Management LLC purchased a new position in Monolithic Power Systems in the 3rd quarter worth $308,000. Finally, Drive Wealth Management LLC bought a new stake in Monolithic Power Systems in the third quarter worth $201,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $1,063.74 on Friday. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,123.38. The firm has a market cap of $50.96 billion, a P/E ratio of 27.16, a P/E/G ratio of 3.00 and a beta of 1.45. The business’s 50 day moving average price is $953.51 and its 200-day moving average price is $904.63.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.62 by $0.11. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The business had revenue of $737.18 million for the quarter, compared to analysts’ expectations of $720.66 million. During the same quarter in the previous year, the business posted $4.06 earnings per share. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $1.56 per share. The ex-dividend date was Wednesday, December 31st. This represents a $6.24 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s payout ratio is currently 15.93%.

Analysts Set New Price Targets

Several research analysts have recently commented on MPWR shares. Needham & Company LLC lifted their price objective on Monolithic Power Systems from $820.00 to $1,025.00 and gave the stock a “buy” rating in a report on Monday, September 29th. TD Cowen restated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, October 31st. Rosenblatt Securities raised their price target on Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Truist Financial boosted their price objective on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Finally, Wolfe Research set a $1,200.00 price objective on Monolithic Power Systems and gave the company an “outperform” rating in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,074.58.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $1,024.43, for a total transaction of $3,073,290.00. Following the completion of the transaction, the chief financial officer owned 74,332 shares of the company’s stock, valued at approximately $76,147,930.76. This trade represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Victor K. Lee sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $951.72, for a total value of $951,720.00. Following the completion of the sale, the director directly 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 SEC filing for this sale provides additional information. Insiders have sold a total of 69,976 shares of company stock worth $63,370,417 in the last ninety days. 3.40% of the stock is owned by company insiders.

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.