K.J. Harrison & Partners Inc Acquires New Position in Monolithic Power Systems, Inc. $MPWR

K.J. Harrison & Partners Inc acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 1,000 shares of the semiconductor company’s stock, valued at approximately $931,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MPWR. True Wealth Design LLC lifted its holdings in shares of Monolithic Power Systems by 61.1% in the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 11 shares during the period. SJS Investment Consulting Inc. raised its position in Monolithic Power Systems by 2,700.0% in the third quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 27 shares in the last quarter. NewSquare Capital LLC raised its position in Monolithic Power Systems by 76.0% in the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 19 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in Monolithic Power Systems in the third quarter valued at $33,000. Finally, Armstrong Advisory Group Inc. boosted its position in shares of Monolithic Power Systems by 192.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 27 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Deming Xiao sold 22,875 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the sale, the executive vice president owned 235,932 shares of the company’s stock, valued at $276,314,121.12. This trade represents a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Victor K. Lee sold 400 shares of Monolithic Power Systems stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $1,212.16, for a total value of $484,864.00. Following the sale, the director owned 27,756 shares of the company’s stock, valued at approximately $33,644,712.96. This represents a 1.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 101,550 shares of company stock valued at $116,980,720. Insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MPWR shares. Citigroup increased their price target on shares of Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a report on Monday, February 9th. KeyCorp increased their target price on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $1,218.42.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $1,180.13 on Friday. The firm’s 50-day moving average is $1,069.44 and its two-hundred day moving average is $974.39. The company has a market capitalization of $56.54 billion, a PE ratio of 92.63, a price-to-earnings-growth ratio of 3.12 and a beta of 1.45. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,256.22.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.05. Monolithic Power Systems had a return on equity of 18.09% and a net margin of 22.07%.The firm had revenue of $751.16 million during the quarter, compared to the consensus estimate of $741.69 million. During the same period in the previous year, the firm posted $4.09 EPS. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. On average, analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date of this dividend is Tuesday, March 31st. Monolithic Power Systems’s payout ratio is presently 48.98%.

Monolithic Power Systems 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.