Cambridge Investment Research Advisors Inc. Purchases 1,657 Shares of Monolithic Power Systems, Inc. $MPWR

Cambridge Investment Research Advisors Inc. increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 48.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,073 shares of the semiconductor company’s stock after buying an additional 1,657 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Monolithic Power Systems were worth $7,013,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in MPWR. Leonteq Securities AG raised its holdings in shares of Monolithic Power Systems by 41.7% in the second quarter. Leonteq Securities AG now owns 231 shares of the semiconductor company’s stock valued at $319,000 after acquiring an additional 68 shares in the last quarter. Peterson Wealth Services grew its holdings in Monolithic Power Systems by 6.6% during the 2nd quarter. Peterson Wealth Services now owns 1,304 shares of the semiconductor company’s stock worth $1,802,000 after acquiring an additional 81 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in Monolithic Power Systems by 4.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 373 shares of the semiconductor company’s stock worth $496,000 after acquiring an additional 16 shares in the last quarter. Oak Harvest Investment Services increased its position in Monolithic Power Systems by 17.5% during the 2nd quarter. Oak Harvest Investment Services now owns 4,173 shares of the semiconductor company’s stock valued at $5,769,000 after purchasing an additional 620 shares during the period. Finally, Resonant Capital Advisors LLC increased its position in Monolithic Power Systems by 5.1% during the 2nd quarter. Resonant Capital Advisors LLC now owns 311 shares of the semiconductor company’s stock valued at $431,000 after purchasing an additional 15 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. KeyCorp lifted their price objective on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Needham & Company LLC boosted their price objective on shares of 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. Finally, Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average target price of $1,705.82.

Monolithic Power Systems Stock Down 4.4%

Shares of MPWR opened at $1,362.55 on Friday. The company has a 50 day moving average of $1,396.06 and a two-hundred day moving average of $1,338.29. Monolithic Power Systems, Inc. has a twelve month low of $800.97 and a twelve month high of $1,714.09. The company has a market cap of $66.96 billion, a price-to-earnings ratio of 83.54 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping 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 business had revenue of $980.64 million for the quarter, compared to the consensus estimate of $903.30 million. During the same period in the prior year, the firm posted $4.21 earnings per share. The business’s quarterly revenue was up 47.6% on a year-over-year basis. On average, sell-side analysts expect that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s payout ratio is 49.05%.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Saria Tseng sold 7,565 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the completion of the sale, the executive vice president owned 144,218 shares of the company’s stock, valued at approximately $245,170,600. This trade represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kuo Wei Herbert Chang sold 50 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total value of $71,000.00. Following the completion of the sale, the director directly owned 565 shares of the company’s stock, valued at approximately $802,300. This represents a 8.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 13,191 shares of company stock valued at $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.