Monolithic Power Systems, Inc. $MPWR Shares Acquired by Empowered Funds LLC

Empowered Funds LLC lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 338.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,093 shares of the semiconductor company’s stock after purchasing an additional 26,318 shares during the period. Empowered Funds LLC’s holdings in Monolithic Power Systems were worth $37,276,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Monolithic Power Systems in the 4th quarter worth about $34,000. IFP Advisors Inc increased its position in shares of Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares in the last quarter. Covestor Ltd increased its position in shares of Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 9 shares in the last quarter. Greenline Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $38,000. Finally, Torren Management LLC purchased a new stake in shares of Monolithic Power Systems in the 4th quarter valued at approximately $49,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on MPWR. KeyCorp upped their price target on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Truist Financial set a $1,805.00 target price on Monolithic Power Systems in a report on Friday, May 1st. Rosenblatt Securities upped their target price on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Finally, Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus price target of $1,657.27.

Monolithic Power Systems Stock Up 0.4%

Shares of MPWR opened at $1,339.08 on Tuesday. The stock has a market cap of $65.79 billion, a price-to-earnings ratio of 96.55 and a beta of 1.71. Monolithic Power Systems, Inc. has a 12 month low of $706.00 and a 12 month high of $1,714.09. The company has a 50-day moving average price of $1,458.52 and a two-hundred day moving average price of $1,306.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $781.93 million. During the same period in the previous year, the business earned $4.04 earnings per share. The company’s quarterly revenue was up 26.1% on a year-over-year basis. Equities research analysts expect that Monolithic Power Systems, Inc. will post 20.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is 57.68%.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, Director Eugen J. Elmiger sold 12,000 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the completion of the transaction, the director directly owned 5,402 shares in the company, valued at $8,561,953.92. This represents a 68.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeff Zhou sold 486 shares of Monolithic Power Systems stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total value of $816,480.00. Following the transaction, the director directly owned 3,800 shares of the company’s stock, valued at approximately $6,384,000. The trade was a 11.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 69,370 shares of company stock valued at $112,702,503. 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.