Inspire Investing LLC Acquires 567 Shares of Monolithic Power Systems, Inc. $MPWR

Inspire Investing LLC grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,672 shares of the semiconductor company’s stock after acquiring an additional 567 shares during the period. Monolithic Power Systems comprises about 1.0% of Inspire Investing LLC’s investment portfolio, making the stock its 12th biggest position. Inspire Investing LLC’s holdings in Monolithic Power Systems were worth $11,668,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MPWR. Brighton Jones LLC lifted its holdings in Monolithic Power Systems by 46.0% in the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after purchasing an additional 200 shares in the last quarter. Empowered Funds LLC grew its holdings in Monolithic Power Systems by 3.1% during the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after buying an additional 161 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Monolithic Power Systems by 3.5% during the second quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock valued at $6,863,000 after buying an additional 314 shares during the last quarter. Treasurer of the State of North Carolina raised its position in shares of Monolithic Power Systems by 35.2% during the second quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock valued at $26,175,000 after buying an additional 9,315 shares during the last quarter. Finally, Globeflex Capital L P purchased a new position in shares of Monolithic Power Systems in the second quarter worth $347,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 0.0%

MPWR stock opened at $1,312.77 on Tuesday. Monolithic Power Systems, Inc. has a 52 week low of $686.87 and a 52 week high of $1,714.09. The firm has a market capitalization of $64.50 billion, a P/E ratio of 94.65, a price-to-earnings-growth ratio of 2.35 and a beta of 1.69. The company has a fifty day simple moving average of $1,551.98 and a two-hundred day simple moving average of $1,251.13.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The firm had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business’s quarterly revenue was up 26.1% on a year-over-year basis. During the same period in the previous year, the firm posted $4.04 EPS. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Monolithic Power Systems’s payout ratio is presently 57.68%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 1st. TD Cowen increased their price target on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, KeyCorp raised their price target on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,599.17.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Jeff Zhou sold 486 shares of the company’s stock in a transaction that occurred on 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 sale, the director directly owned 3,800 shares in the company, valued at $6,384,000. This represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Eugen J. Elmiger sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,584.96, for a total value of $19,019,520.00. Following the completion of the sale, the director directly owned 5,402 shares of the company’s stock, valued at $8,561,953.92. The trade was a 68.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 87,369 shares of company stock valued at $134,899,529 over the last ninety days. 3.60% of the stock is currently 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.