IPG Investment Advisors LLC Takes $1.66 Million Position in Monolithic Power Systems, Inc. $MPWR

IPG Investment Advisors LLC purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 2nd quarter, HoldingsChannel reports. The fund purchased 1,197 shares of the semiconductor company’s stock, valued at approximately $1,655,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MPWR. Brighton Jones LLC boosted its holdings in shares of Monolithic Power Systems by 46.0% during the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after purchasing an additional 200 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Monolithic Power Systems by 3.1% in the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after purchasing an additional 161 shares during the last quarter. NewEdge Advisors LLC lifted its position in Monolithic Power Systems by 3.5% during the second quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock worth $6,863,000 after buying an additional 314 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in Monolithic Power Systems by 35.2% during the second quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock worth $26,175,000 after buying an additional 9,315 shares in the last quarter. Finally, Globeflex Capital L P acquired a new position in Monolithic Power Systems during the second quarter worth $347,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MPWR shares. 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 note on Friday, July 31st. KeyCorp raised their price objective on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $1,575.00 target price on shares of Monolithic Power Systems 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, Wall Street Zen raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,731.42.

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 completion of the transaction, the executive vice president owned 1,119 shares of the company’s stock, valued at approximately $1,503,868.86. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of Monolithic Power Systems stock in a transaction that occurred 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 of the company’s stock, valued at $660,008.55. This trade represents a 8.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 160 shares of company stock worth $215,945. Company insiders own 3.60% of the company’s stock.

Monolithic Power Systems Trading Down 1.2%

NASDAQ MPWR opened at $1,203.75 on Thursday. The stock has a fifty day simple moving average of $1,320.47 and a 200-day simple moving average of $1,354.22. The stock has a market cap of $59.15 billion, a PE ratio of 73.80 and a beta of 1.66. Monolithic Power Systems, Inc. has a twelve month low of $830.00 and a twelve month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. During the same period in the previous year, the firm earned $4.21 EPS. Monolithic Power Systems’s revenue was up 47.6% on a year-over-year basis. Research analysts predict that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s payout ratio is 49.05%.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc (NASDAQ:MPWR) designs, develops and markets high-performance semiconductor solutions, with a focus on power management. Its products help regulate, convert and control electrical power in electronic systems, enabling more efficient operation in applications ranging from computing and communications equipment to automotive, industrial and consumer devices.

The company’s portfolio includes DC-to-DC converters, power modules, battery chargers, power-management integrated circuits, motor drivers, LED drivers, voltage regulators and other analog semiconductor products.