Coastal Bridge Advisors LLC Takes $775,000 Position in Monolithic Power Systems, Inc. $MPWR

Coastal Bridge Advisors LLC purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 561 shares of the semiconductor company’s stock, valued at approximately $775,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Transamerica Financial Advisors LLC bought a new stake in Monolithic Power Systems in the second quarter worth $35,000. Danske Bank A S purchased a new stake in shares of Monolithic Power Systems in the second quarter worth $36,000. IFP Advisors Inc increased its holdings in shares of Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares in the last quarter. Covestor Ltd increased its holdings in shares of Monolithic Power Systems by 29.0% during 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 in the last quarter. Finally, Sunbelt Securities Inc. raised its position in shares of Monolithic Power Systems by 233.3% in the 1st 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. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $1,256.26 on Friday. Monolithic Power Systems, Inc. has a one year low of $800.97 and a one year high of $1,714.09. The business’s fifty day moving average is $1,348.06 and its 200 day moving average is $1,350.23. The stock has a market capitalization of $61.73 billion, a PE ratio of 77.02 and a beta of 1.69.

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

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $2.00 per share. 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 payout ratio is presently 49.05%.

Insider Activity at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 30 shares of the 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 transaction of $40,318.20. Following the transaction, the executive vice president owned 1,119 shares in the company, valued at $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Herbert Chang sold 50 shares of the firm’s 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 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 SEC filing for this sale provides additional information. Insiders have sold 190 shares of company stock valued at $261,964 over the last three months. 3.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on MPWR shares. Wells Fargo & Company increased their price objective on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Arete Research set a $2,013.00 target price on shares of Monolithic Power Systems and gave the stock a “buy” rating in a report on Thursday, August 20th. Truist Financial upped their target price on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. Finally, Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.