Integrated Advisors Network LLC Has $800,000 Stock Position in Monolithic Power Systems, Inc. $MPWR

Integrated Advisors Network LLC grew its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 180.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 869 shares of the semiconductor company’s stock after acquiring an additional 559 shares during the period. Integrated Advisors Network LLC’s holdings in Monolithic Power Systems were worth $800,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. True Wealth Design LLC increased its holdings in Monolithic Power Systems by 61.1% in the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 11 shares during the period. SJS Investment Consulting Inc. grew its position in shares of Monolithic Power Systems by 2,700.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 27 shares during the last quarter. NewSquare Capital LLC grew its position in shares of Monolithic Power Systems by 76.0% in the 2nd quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 19 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Monolithic Power Systems in the third quarter valued at about $33,000. Finally, Armstrong Advisory Group Inc. raised its position in shares of Monolithic Power Systems by 192.9% during the third quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 27 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 3.2%

NASDAQ:MPWR opened at $1,142.74 on Monday. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $1,256.22. The company has a fifty day moving average of $1,073.56 and a 200-day moving average of $978.56. The firm has a market capitalization of $54.75 billion, a P/E ratio of 89.70, a P/E/G ratio of 2.89 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.05. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.09%. The business had revenue of $751.16 million for the quarter, compared to analyst estimates of $741.69 million. During the same period in the prior year, the firm earned $4.09 earnings per share. Monolithic Power Systems’s revenue was up 20.8% on a year-over-year basis. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $2.00 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio (DPR) is 48.98%.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 200 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $1,179.97, for a total transaction of $235,994.00. Following the transaction, the executive vice president directly owned 1,299 shares of the company’s stock, valued at approximately $1,532,781.03. This represents a 13.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Saria Tseng sold 22,875 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the completion of the sale, the executive vice president directly owned 200,626 shares of the company’s stock, valued at $234,965,146.16. This trade represents a 10.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 98,550 shares of company stock worth $114,256,090 over the last three months. Insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

MPWR has been the topic of several analyst reports. Truist Financial upped their target price on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a report on Friday, February 6th. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. KeyCorp upped their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Rosenblatt Securities lifted their target price on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Finally, Oppenheimer restated an “outperform” rating and issued a $1,300.00 target price on shares of Monolithic Power Systems in a report on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Buy” and an average target price of $1,218.42.

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.