Cambridge Investment Research Advisors Inc. Raises Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Key Points

• Cambridge Investment Research Advisors increased its Monolithic Power Systems stake by 48.5% in the second quarter, bringing its holdings to 5,073 shares valued at approximately $7.0 million. Institutional investors collectively own 93.46% of MPWR.
• Monolithic Power Systems reported strong quarterly results, with adjusted earnings of $6.50 per share and revenue of $980.64 million, exceeding estimates and representing 47.6% year-over-year revenue growth.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $1,705.82 price target, although insiders have sold 13,191 shares worth $21.8 million over the past 90 days.

Cambridge Investment Research Advisors Inc. lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 48.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,073 shares of the semiconductor company's stock after buying an additional 1,657 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Monolithic Power Systems were worth $7,013,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Royal Fund Management LLC increased its holdings in Monolithic Power Systems by 2.7% in the 1st quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company's stock worth $289,000 after acquiring an additional 7 shares in the last quarter. Covestor Ltd lifted its holdings in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 9 shares in the last quarter. Bell Investment Advisors Inc boosted its position in shares of Monolithic Power Systems by 23.7% in the first quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company's stock worth $51,000 after purchasing an additional 9 shares during the period. Resonant Capital Advisors LLC boosted its position in shares of Monolithic Power Systems by 4.1% in the fourth quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company's stock worth $230,000 after purchasing an additional 10 shares during the period. Finally, CENTRAL TRUST Co increased its stake in shares of Monolithic Power Systems by 1.4% in the first quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company's stock worth $766,000 after purchasing an additional 10 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Saria Tseng sold 7,565 shares of the company's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the transaction, the executive vice president directly owned 144,218 shares in the company, valued at $245,170,600. This represents a 4.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kuo Wei Herbert Chang sold 50 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total transaction of $71,000.00. Following the transaction, the director directly owned 565 shares in the company, valued at approximately $802,300. This trade represents a 8.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 13,191 shares of company stock worth $21,807,015. Corporate insiders own 3.60% of the company's stock.

Wall Street Analysts Forecast Growth

MPWR has been the topic of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $1,575.00 target price on shares of Monolithic Power Systems 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 note on Saturday, August 8th. Zacks Research upgraded Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 18th. Finally, Citigroup reaffirmed a "buy" rating on shares of Monolithic Power Systems in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems has a consensus rating of "Moderate Buy" and a consensus price target of $1,705.82.

Monolithic Power Systems Stock Down 4.4%

Shares of Monolithic Power Systems stock opened at $1,362.55 on Friday. The stock's fifty day moving average is $1,396.06 and its two-hundred day moving average is $1,338.29. The company has a market capitalization of $66.96 billion, a PE ratio of 83.54 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 released 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 business had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The business's revenue was up 47.6% compared to the same quarter last year. During the same quarter last year, the firm posted $4.21 earnings per share. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is currently 49.05%.

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.

Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source