Beacon Pointe Advisors LLC Takes Position in Monolithic Power Systems, Inc. $MPWR

Key Points

• Beacon Pointe Advisors initiated a position in Monolithic Power Systems during the second quarter, purchasing 1,061 shares valued at approximately $1.47 million. Institutional investors collectively own 93.46% of MPWR.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $1,731.42; several firms recently upgraded the stock or raised their targets.
• Monolithic Power Systems reported strong quarterly results, with EPS of $6.50 beating estimates and revenue rising 47.6% year over year to $980.64 million. The company also pays a quarterly dividend of $2.00, yielding about 0.6% annually.

Beacon Pointe Advisors LLC bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 1,061 shares of the semiconductor company's stock, valued at approximately $1,467,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Monolithic Power Systems in the second quarter valued at approximately $408,000. Rakuten Investment Management Inc. purchased a new position in shares of Monolithic Power Systems during the 2nd quarter valued at approximately $23,684,000. Empowered Funds LLC acquired a new stake in Monolithic Power Systems in the 2nd quarter valued at $49,350,000. United Capital Financial Advisors LLC acquired a new stake in Monolithic Power Systems in the 2nd quarter valued at $2,230,000. Finally, Dearborn Partners LLC purchased a new stake in Monolithic Power Systems in the 2nd quarter worth $332,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Monolithic Power Systems from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Raymond James Financial reissued an "outperform" rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. Wells Fargo & Company upped their price target on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $1,575.00 price target on shares of Monolithic Power Systems in a research note on Friday, July 31st. Finally, Zacks Research upgraded Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 18th. One 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,731.42.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $1,256.26 on Monday. The business's fifty day simple moving average is $1,348.06 and its 200-day simple moving average is $1,351.24. The firm has a market cap of $61.73 billion, a PE ratio of 77.02 and a beta of 1.69. Monolithic Power Systems, Inc. has a 52 week low of $800.97 and a 52 week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The firm had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. During the same quarter in the prior year, the firm posted $4.21 earnings per share. Monolithic Power Systems's quarterly revenue was up 47.6% on a year-over-year basis. Research analysts expect that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $2.00 dividend. 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 is 49.05%.

Insider Buying and Selling

In related news, Director Kuo Wei Herbert Chang sold 50 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the completion of the transaction, the director directly owned 515 shares in the company, valued at approximately $660,008.55. This represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Maurice Sciammas sold 30 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the sale, the executive vice president directly owned 1,119 shares of the company's stock, valued at approximately $1,503,868.86. This trade represents a 2.61% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 160 shares of company stock valued at $215,945 in the last 90 days. Insiders own 3.60% of the company's stock.

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.

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