Wedbush Fund Advisers LLC Takes Position in Monolithic Power Systems, Inc. $MPWR

Wedbush Fund Advisers LLC purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 473 shares of the semiconductor company’s stock, valued at approximately $654,000.

Several other large investors have also recently added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac bought a new position in shares of Monolithic Power Systems in the 4th quarter worth about $3,983,000. Mirabaud Asset Management Ltd acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at about $4,424,000. Baker Avenue Asset Management LP grew its position in shares of Monolithic Power Systems by 436.6% during the 4th quarter. Baker Avenue Asset Management LP now owns 3,182 shares of the semiconductor company’s stock valued at $2,884,000 after buying an additional 2,589 shares during the last quarter. Norges Bank acquired a new stake in Monolithic Power Systems during the fourth quarter worth about $658,656,000. Finally, Vest Financial LLC lifted its holdings in Monolithic Power Systems by 35.2% in the fourth quarter. Vest Financial LLC now owns 66,613 shares of the semiconductor company’s stock worth $60,375,000 after acquiring an additional 17,336 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $1,304.15 on Wednesday. Monolithic Power Systems, Inc. has a 12-month low of $800.97 and a 12-month high of $1,714.09. The stock has a market capitalization of $64.09 billion, a PE ratio of 79.96 and a beta of 1.69. The firm has a 50 day simple moving average of $1,362.15 and a 200-day simple moving average of $1,349.28.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping analysts’ consensus estimates of $5.87 by $0.63. The firm had revenue of $980.64 million during the quarter, compared to analysts’ expectations of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The firm’s revenue for the quarter was up 47.6% compared to the same quarter last year. During the same period last year, the firm posted $4.21 earnings per share. On average, analysts forecast that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have commented on MPWR shares. Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. Wells Fargo & Company raised their price target on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Wall Street Zen upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Oppenheimer set a $1,700.00 price objective on Monolithic Power Systems in a research note on Friday, May 1st. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus target price of $1,731.42.

Insider Activity

In related news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction that occurred 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 owned 1,119 shares in the company, valued at $1,503,868.86. This represents a 2.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Herbert Chang sold 50 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the transaction, the director directly owned 515 shares of the company’s stock, valued at $660,008.55. This represents a 8.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 190 shares of company stock worth $261,964. Corporate insiders own 3.60% of the company’s stock.

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.