Virtu Financial LLC Buys Shares of 746 Monolithic Power Systems, Inc. $MPWR

Virtu Financial LLC purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 746 shares of the semiconductor company’s stock, valued at approximately $676,000.

A number of other large investors also recently modified their holdings of MPWR. State Street Corp increased its position in Monolithic Power Systems by 2.1% during the fourth quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company’s stock worth $1,979,610,000 after acquiring an additional 45,715 shares during the period. Corient Private Wealth LLC boosted its holdings in Monolithic Power Systems by 3,719.6% in the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after purchasing an additional 1,993,576 shares during the period. Price T Rowe Associates Inc. MD grew its position in Monolithic Power Systems by 7.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company’s stock worth $1,533,013,000 after purchasing an additional 117,596 shares during the last quarter. Invesco Ltd. grew its position in Monolithic Power Systems by 25.9% in the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock worth $1,300,345,000 after purchasing an additional 295,556 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Monolithic Power Systems by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 1,382,280 shares of the semiconductor company’s stock worth $1,248,436,000 after purchasing an additional 44,583 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Truist Financial set a $1,805.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 1st. Wells Fargo & Company lifted their target price on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Oppenheimer set a $1,700.00 price target on Monolithic Power Systems in a research note on Friday, May 1st. Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Finally, Zacks Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus target price of $1,599.17.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,537.88 on Tuesday. The company has a 50-day moving average of $1,550.45 and a 200-day moving average of $1,236.34. Monolithic Power Systems, Inc. has a 52 week low of $671.18 and a 52 week high of $1,714.09. The company has a market capitalization of $75.56 billion, a price-to-earnings ratio of 110.88, a PEG ratio of 2.80 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last posted 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 net margin of 22.84% and a return on equity of 19.58%. The business had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. During the same quarter in the previous year, the firm posted $4.04 earnings per share. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.5%. Monolithic Power Systems’s dividend payout ratio is presently 57.68%.

Insiders Place Their Bets

In related news, EVP Deming Xiao sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the completion of the transaction, the executive vice president owned 205,959 shares in the company, valued at $340,769,463.45. This trade represents a 12.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Saria Tseng sold 25,674 shares of the business’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $1,010.50, for a total transaction of $25,943,577.00. Following the completion of the sale, the executive vice president owned 174,982 shares in the company, valued at $176,819,311. This represents a 12.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 113,043 shares of company stock worth $160,843,106 in the last 90 days. 3.60% of the stock is owned by corporate 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.