1,552 Shares in Monolithic Power Systems, Inc. $MPWR Purchased by Vise Technologies Inc.

Key Points

• Vise Technologies purchased 1,552 shares of Monolithic Power Systems in the second quarter, valued at approximately $2.15 million. Institutional investors collectively own 93.46% of MPWR.
• Analyst sentiment remains positive: MPWR has a consensus rating of “Moderate Buy”, with an average price target of $1,731.42. Recent analysts raised targets as high as $2,100.
• Monolithic Power Systems reported strong quarterly results, with EPS of $6.50 and revenue of $980.64 million, exceeding estimates and marking 47.6% year-over-year revenue growth. Insiders, however, sold $13.87 million in shares over the latest quarter.

Vise Technologies Inc. purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,552 shares of the semiconductor company's stock, valued at approximately $2,146,000.

Several other hedge funds have also bought and sold shares of the business. IFP Advisors Inc lifted its holdings in shares of Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 24 shares during the last quarter. Covestor Ltd grew its stake in shares of Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock worth $36,000 after buying an additional 9 shares during the last quarter. Danske Bank A S purchased a new stake in shares of Monolithic Power Systems in the 2nd quarter worth approximately $36,000. Greenline Wealth Management LLC bought a new position in Monolithic Power Systems during the 4th quarter valued at approximately $38,000. Finally, Sunbelt Securities Inc. increased its position in Monolithic Power Systems by 233.3% during the 1st quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company's stock valued at $44,000 after buying an additional 28 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on MPWR shares. KeyCorp boosted their target price on Monolithic Power Systems from $2,000.00 to $2,100.00 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 report on Saturday, August 8th. TD Cowen lifted their price target on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. Weiss Ratings upgraded shares of Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday. Finally, Arete Research set a $2,013.00 price objective on shares of Monolithic Power Systems and gave the company a "buy" rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,731.42.

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 50 shares of the business'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 transaction, the director owned 565 shares of the company's stock, valued at approximately $802,300. The trade was a 8.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Saria Tseng sold 7,565 shares of the business'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 transaction, the executive vice president directly owned 144,218 shares of the company's stock, valued at approximately $245,170,600. This trade represents a 4.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,191 shares of company stock valued at $13,874,865 over the last quarter. Corporate insiders own 3.60% of the company's stock.

Monolithic Power Systems Trading Up 0.4%

MPWR stock opened at $1,316.28 on Friday. The stock's 50 day simple moving average is $1,373.38 and its 200 day simple moving average is $1,346.04. 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 $64.68 billion, a PE ratio of 80.70 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 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 during the quarter, compared to analyst estimates of $903.30 million. During the same quarter last year, the company earned $4.21 EPS. The company's quarterly revenue was up 47.6% compared to the same quarter last year. On average, research analysts predict that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $2.00 per share. The ex-dividend date of this dividend 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 (DPR) is 49.05%.

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.

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