Simplicity Wealth LLC Invests $935,000 in Monolithic Power Systems, Inc. $MPWR

Simplicity Wealth LLC bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 676 shares of the semiconductor company’s stock, valued at approximately $935,000.

Other institutional investors have also bought and sold shares of the company. Flputnam Investment Management Co. bought a new position in shares of Monolithic Power Systems during the 2nd quarter worth approximately $28,213,000. Global Retirement Partners LLC bought a new stake in shares of Monolithic Power Systems during the second quarter worth about $1,412,000. Fielder Capital Group LLC purchased a new stake in shares of Monolithic Power Systems in the second quarter worth approximately $734,000. Bank of New York Mellon Corp bought a new position in Monolithic Power Systems during the 2nd quarter valued at $402,414,000. Finally, ABN AMRO Bank N.V. bought a new position in shares of Monolithic Power Systems during the 2nd quarter worth approximately $4,302,000. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $1,402.01 on Monday. Monolithic Power Systems, Inc. has a 52-week low of $800.97 and a 52-week high of $1,714.09. The stock’s 50-day simple moving average is $1,394.48 and its two-hundred day simple moving average is $1,340.64. The stock has a market capitalization of $68.89 billion, a price-to-earnings ratio of 85.96 and a beta of 1.69.

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

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 49.05%.

Insider Activity

In related news, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president directly owned 1,119 shares in the company, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeff Zhou sold 486 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total value of $816,480.00. Following the completion of the sale, the director owned 3,800 shares in the company, valued at approximately $6,384,000. The trade was a 11.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 13,191 shares of company stock valued at $21,807,015 over the last ninety days. 3.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on MPWR. Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. KeyCorp lifted their price objective on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Needham & Company LLC upped their target price on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Wall Street Zen raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Truist Financial boosted their price objective on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven 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 a consensus rating of “Moderate Buy” and an average price target of $1,705.82.

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.