Independent Financial Group LLC Purchases Shares of 762 Monolithic Power Systems, Inc. $MPWR

Independent Financial Group LLC acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 762 shares of the semiconductor company’s stock, valued at approximately $833,000.

Several other large investors have also modified their holdings of MPWR. Corient Private Wealth LLC grew its holdings in Monolithic Power Systems by 3,719.6% in the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after purchasing an additional 1,993,576 shares during the period. Norges Bank purchased a new position in Monolithic Power Systems during the fourth quarter worth approximately $658,656,000. Invesco Ltd. raised its stake in Monolithic Power Systems by 25.9% during the fourth quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock worth $1,300,345,000 after purchasing an additional 295,556 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Monolithic Power Systems by 77,483.1% in the 4th quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock valued at $237,676,000 after purchasing an additional 261,893 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Monolithic Power Systems by 56.6% in the 4th quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company’s stock valued at $635,770,000 after purchasing an additional 253,653 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MPWR. Stifel Nicolaus upped their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Needham & Company LLC boosted their price target on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, Wells Fargo & Company cut their price objective on Monolithic Power Systems from $1,860.00 to $1,700.00 and set an “overweight” rating on the stock in a report on Monday. One 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,585.83.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the completion of the sale, the executive vice president owned 166,644 shares in the company, valued at approximately $260,197,941.60. This trade represents a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eugen J. Elmiger sold 12,000 shares of the stock in a transaction dated 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 owned 5,402 shares of the company’s stock, valued at approximately $8,561,953.92. This trade represents a 68.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 69,370 shares of company stock valued at $112,702,503 over the last ninety days. Insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Up 4.1%

MPWR opened at $1,383.26 on Wednesday. Monolithic Power Systems, Inc. has a 52-week low of $702.32 and a 52-week high of $1,714.09. The company has a 50 day moving average of $1,475.16 and a two-hundred day moving average of $1,294.91. The company has a market cap of $67.96 billion, a P/E ratio of 99.73, a P/E/G ratio of 2.37 and a beta of 1.71.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, beating analysts’ consensus estimates of $4.90 by $0.20. The business 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 revenue for the quarter was up 26.1% compared to the same quarter last year. During the same quarter last year, the firm posted $4.04 EPS. Research analysts anticipate that Monolithic Power Systems, Inc. will post 20.2 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

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

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.