Empowered Funds LLC Invests $49.35 Million in Monolithic Power Systems, Inc. $MPWR

Empowered Funds LLC bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 35,700 shares of the semiconductor company’s stock, valued at approximately $49,350,000. Empowered Funds LLC owned 0.07% of Monolithic Power Systems as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in MPWR. IFP Advisors Inc raised its holdings 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 purchasing an additional 24 shares in the last quarter. Transamerica Financial Advisors LLC purchased a new position in Monolithic Power Systems in the second quarter valued at $35,000. Covestor Ltd increased its holdings 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 buying an additional 9 shares during the last quarter. Danske Bank A S purchased a new stake in Monolithic Power Systems during the 2nd quarter worth about $36,000. Finally, Greenline Wealth Management LLC acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth about $38,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling

In related news, Director Kuo Wei Herbert Chang sold 50 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the completion of the sale, the director owned 515 shares in the company, valued at $660,008.55. This represents a 8.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was 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 $1,503,868.86. The trade was a 2.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 190 shares of company stock worth $261,964. Insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $1,311.08 on Friday. Monolithic Power Systems, Inc. has a fifty-two week low of $800.97 and a fifty-two week high of $1,714.09. The company has a market capitalization of $64.43 billion, a P/E ratio of 80.39 and a beta of 1.69. The stock has a 50-day simple moving average of $1,354.21 and a 200-day simple moving average of $1,350.89.

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

Monolithic Power Systems Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MPWR. Needham & Company LLC raised 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 report on Friday, July 31st. Wells Fargo & Company upped their price target on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Rosenblatt Securities reissued a “neutral” rating and set a $1,575.00 price objective on shares of Monolithic Power Systems in a report on Friday, July 31st. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th. Finally, Raymond James Financial restated an “outperform” rating on shares of Monolithic Power Systems in a report on Wednesday, August 12th. One research 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,731.42.

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.