Whittier Trust Co. of Nevada Inc. Has $23.87 Million Stake in Monolithic Power Systems, Inc. $MPWR

Whittier Trust Co. of Nevada Inc. reduced its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 11.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,227 shares of the semiconductor company’s stock after selling 2,637 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Monolithic Power Systems were worth $23,868,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. IFP Advisors Inc boosted its position in shares of Monolithic Power Systems by 171.4% during the 3rd 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. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Monolithic Power Systems in the fourth quarter worth about $34,000. Covestor Ltd lifted its stake in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 9 shares during the period. Greenline Wealth Management LLC acquired a new stake in Monolithic Power Systems during the fourth quarter valued at approximately $38,000. Finally, Bell Investment Advisors Inc grew its stake in shares of Monolithic Power Systems by 23.7% in the 1st quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 9 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $1,288.16 on Monday. The firm has a market cap of $63.29 billion, a P/E ratio of 92.87, a P/E/G ratio of 2.30 and a beta of 1.71. The business’s fifty day moving average is $1,537.65 and its two-hundred day moving average is $1,261.25. Monolithic Power Systems, Inc. has a 52 week low of $686.87 and a 52 week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company had revenue of $804.19 million during the quarter, compared to analyst estimates of $781.93 million. During the same period last year, the company posted $4.04 earnings per share. The firm’s quarterly revenue was up 26.1% compared to the same quarter last year. On average, equities research analysts predict that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

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

Insider Buying and Selling

In other news, Director Jeff Zhou sold 1,014 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $1,587.06, for a total transaction of $1,609,278.84. Following the transaction, the director directly owned 4,786 shares in the company, valued at approximately $7,595,669.16. This represents a 17.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Deming Xiao sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the completion of the sale, the executive vice president directly owned 205,959 shares of the company’s stock, valued at approximately $340,769,463.45. This represents a 12.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 78,303 shares of company stock valued at $124,360,642. Insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Oppenheimer set a $1,700.00 target price on Monolithic Power Systems in a research report on Friday, May 1st. Raymond James Financial reiterated an “outperform” rating and issued a $1,800.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 1st. Truist Financial set a $1,805.00 price objective on Monolithic Power Systems in a research note on Friday, May 1st. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. Finally, TD Cowen boosted their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

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.