Empirical Asset Management LLC Takes $602,000 Position in Monolithic Power Systems, Inc. $MPWR

Empirical Asset Management LLC bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 2nd quarter, Holdings Channel.com reports. The firm bought 436 shares of the semiconductor company’s stock, valued at approximately $602,000.

A number of other institutional investors have also added to or reduced their stakes in MPWR. IFP Advisors Inc lifted its stake in Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares during the last quarter. Covestor Ltd raised its holdings in shares of Monolithic Power Systems by 29.0% during the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 9 shares in the last quarter. Danske Bank A S purchased a new position in shares of Monolithic Power Systems during the 2nd quarter valued at about $36,000. Greenline Wealth Management LLC bought a new stake in Monolithic Power Systems in the 4th quarter worth approximately $38,000. Finally, Sunbelt Securities Inc. lifted its position in 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 buying an additional 28 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Raymond James Financial reiterated an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. Wall Street Zen upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Needham & Company LLC lifted their target price on shares of 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. Finally, Truist Financial upped their price target on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average price target of $1,705.82.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $1,333.18 on Wednesday. Monolithic Power Systems, Inc. has a one year low of $800.97 and a one year high of $1,714.09. The business’s 50 day simple moving average is $1,387.64 and its two-hundred day simple moving average is $1,344.11. The stock has a market capitalization of $65.51 billion, a P/E ratio of 81.74 and a beta of 1.69.

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

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $2.00 per share. 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 currently 49.05%.

Insider Activity

In other Monolithic Power Systems news, Director Jeff Zhou sold 486 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the completion of the sale, the director owned 3,800 shares of the company’s stock, valued at $6,384,000. This represents a 11.34% decrease in their position. The sale was disclosed in a filing with the SEC, 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 completion of the sale, the executive vice president directly owned 1,119 shares in the company, valued at approximately $1,503,868.86. This trade represents a 2.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 13,191 shares of company stock worth $21,807,015. 3.60% of the stock is currently owned by corporate insiders.

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.