1,116 Shares in Monolithic Power Systems, Inc. $MPWR Purchased by Winnow Wealth LLC

Winnow Wealth LLC purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the third quarter, Holdings Channel reports. The firm purchased 1,116 shares of the semiconductor company’s stock, valued at approximately $1,028,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in Monolithic Power Systems by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,939,946 shares of the semiconductor company’s stock valued at $4,344,358,000 after acquiring an additional 19,277 shares during the period. JPMorgan Chase & Co. lifted its holdings in Monolithic Power Systems by 36.1% during the second quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock valued at $626,592,000 after purchasing an additional 227,159 shares in the last quarter. Bank of America Corp DE grew its position in shares of Monolithic Power Systems by 18.0% in the second quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock valued at $506,661,000 after purchasing an additional 105,721 shares during the period. Norges Bank purchased a new stake in shares of Monolithic Power Systems during the second quarter worth about $438,014,000. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Monolithic Power Systems by 14.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 556,587 shares of the semiconductor company’s stock worth $512,416,000 after purchasing an additional 71,199 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Saria Tseng sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $926.47, for a total transaction of $18,529,400.00. Following the completion of the sale, the executive vice president owned 187,331 shares in the company, valued at $173,556,551.57. This trade represents a 9.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Theodore Blegen sold 3,000 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $940.47, for a total transaction of $2,821,410.00. Following the sale, the chief financial officer directly owned 68,332 shares in the company, valued at approximately $64,264,196.04. The trade was a 4.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 69,976 shares of company stock valued at $63,370,417 in the last quarter. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $1,124.15 on Friday. The business’s 50 day moving average price is $978.80 and its 200 day moving average price is $916.99. The company has a market cap of $53.86 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 3.32 and a beta of 1.45. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,188.66.

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

Monolithic Power Systems Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $1,300.00 price target on shares of Monolithic Power Systems in a research note on Thursday. Wolfe Research set a $1,200.00 target price on Monolithic Power Systems and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Stifel Nicolaus boosted their price target on Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. TD Cowen reissued a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Monolithic Power Systems in a research note on Friday, December 26th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems presently has an average rating of “Buy” and a consensus price target of $1,135.42.

About Monolithic Power Systems

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.