Benjamin Edwards Inc. Buys 1,097 Shares of Monolithic Power Systems, Inc. $MPWR

Key Points

• Benjamin Edwards Inc. increased its Monolithic Power Systems stake by 12.6%, buying 1,097 additional shares to hold 9,819 shares valued at $13.6 million. Institutional investors collectively own 93.46% of MPWR.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $1,731.42; Needham raised its target to $2,000 and Wells Fargo to $1,800.
• Monolithic Power Systems exceeded quarterly expectations, reporting $6.50 EPS and $980.64 million in revenue, up 47.6% year over year. Meanwhile, insiders sold 160 shares worth about $215,945 over the past 90 days.

Benjamin Edwards Inc. grew its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 12.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,819 shares of the semiconductor company's stock after acquiring an additional 1,097 shares during the quarter. Benjamin Edwards Inc.'s holdings in Monolithic Power Systems were worth $13,574,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MPWR. Brighton Jones LLC grew its stake in Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock valued at $376,000 after purchasing an additional 200 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Monolithic Power Systems by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company's stock valued at $3,088,000 after buying an additional 161 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Monolithic Power Systems by 3.5% in the 2nd quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company's stock valued at $6,863,000 after buying an additional 314 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Monolithic Power Systems by 35.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company's stock valued at $26,175,000 after buying an additional 9,315 shares in the last quarter. Finally, Globeflex Capital L P purchased a new position in shares of Monolithic Power Systems in the 2nd quarter worth approximately $347,000. 93.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on MPWR. Wells Fargo & Company boosted their price objective on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Wall Street Zen raised shares of Monolithic Power Systems from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Needham & Company LLC upped their price target on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Rosenblatt Securities reaffirmed a "neutral" rating and set a $1,575.00 price target on shares of Monolithic Power Systems in a research report on Friday, July 31st. Finally, Zacks Research upgraded Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Monolithic Power Systems currently has an average rating of "Moderate Buy" and a consensus price target of $1,731.42.

Insider Activity

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

Monolithic Power Systems Price Performance

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

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (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 company had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. During the same quarter last year, the business posted $4.21 EPS. The firm's quarterly revenue was up 47.6% on a year-over-year basis. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is presently 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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