Ieq Capital LLC Purchases New Position in Monolithic Power Systems, Inc. $MPWR

Ieq Capital LLC purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 1,203 shares of the semiconductor company’s stock, valued at approximately $1,663,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its position in shares of Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares during the last quarter. Covestor Ltd lifted its position in Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 9 shares during the last quarter. Danske Bank A S acquired a new position in Monolithic Power Systems in the second quarter valued at $36,000. Greenline Wealth Management LLC acquired a new position in Monolithic Power Systems in the fourth quarter valued at $38,000. Finally, Sunbelt Securities Inc. grew its holdings in shares of Monolithic Power Systems by 233.3% during the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wall Street Zen upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Raymond James Financial restated an “outperform” rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. Truist Financial boosted their price objective on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, TD Cowen increased their price objective on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” 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 issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,731.42.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $1,304.15 on Wednesday. The firm’s fifty day moving average is $1,362.15 and its two-hundred day moving average is $1,349.28. Monolithic Power Systems, Inc. has a one year low of $800.97 and a one year high of $1,714.09. The firm has a market cap of $64.09 billion, a PE ratio of 79.96 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share 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 business had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. During the same quarter in the prior year, the firm earned $4.21 earnings per share. The business’s quarterly revenue was up 47.6% compared to the same quarter last year. Research analysts predict that Monolithic Power Systems, Inc. will post 23.35 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 paid a dividend of $2.00 per share. 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 is currently 49.05%.

Insider Buying and Selling

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 50 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the transaction, the director directly owned 515 shares in the company, valued at approximately $660,008.55. This trade represents a 8.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the completion of the transaction, the executive vice president owned 1,119 shares in the company, valued at $1,503,868.86. This trade represents a 2.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 190 shares of company stock valued at $261,964 over the last ninety days. 3.60% of the stock is owned by insiders.

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.