Concurrent Investment Advisors LLC Has $6.16 Million Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Key Points

• Concurrent Investment Advisors increased its Monolithic Power Systems stake by 258.1% in the second quarter, bringing its holdings to 4,455 shares worth approximately $6.16 million. Institutional investors collectively own 93.46% of MPWR.
• Monolithic Power Systems reported quarterly EPS of $6.50, exceeding estimates of $5.87, while revenue rose 47.6% year over year to $980.64 million. The company also declared a quarterly dividend of $2.00 per share, representing a 0.7% yield.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $1,731.42. MPWR recently traded at $1,223.86, while insiders sold 160 shares worth about $215,945 over the past 90 days.

Concurrent Investment Advisors LLC boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 258.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,455 shares of the semiconductor company's stock after acquiring an additional 3,211 shares during the period. Concurrent Investment Advisors LLC's holdings in Monolithic Power Systems were worth $6,157,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPWR. Transamerica Financial Advisors LLC acquired a new stake in shares of Monolithic Power Systems during the 2nd quarter worth approximately $35,000. Danske Bank A S bought a new stake in shares of Monolithic Power Systems during the second quarter worth approximately $36,000. Continuum Advisory LLC acquired a new position in Monolithic Power Systems in the second quarter valued at approximately $43,000. IFP Advisors Inc lifted its holdings in Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock valued at $35,000 after buying an additional 24 shares during the period. Finally, Covestor Ltd boosted its stake in Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 9 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $1,223.86 on Monday. The stock has a market cap of $60.14 billion, a P/E ratio of 75.04 and a beta of 1.66. The firm has a 50 day moving average price of $1,328.13 and a 200 day moving average price of $1,353.45. Monolithic Power Systems, Inc. has a 52-week low of $830.00 and a 52-week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating analysts' consensus estimates of $5.87 by $0.63. The business 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 quarterly revenue was up 47.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.21 EPS. Analysts predict 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. Shareholders of record on Tuesday, June 30th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems's dividend payout ratio is 49.05%.

Analyst Ratings Changes

A number of analysts have commented on MPWR shares. Raymond James Financial reaffirmed an "outperform" rating on shares of Monolithic Power Systems in a report on Wednesday, August 12th. Arete Research set a $2,013.00 price target on Monolithic Power Systems and gave the company a "buy" rating in a research note on Thursday, August 20th. Needham & Company LLC raised 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. Truist Financial lifted their price objective on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Finally, KeyCorp upped their price objective on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an "overweight" rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Monolithic Power Systems currently has an average rating of "Moderate Buy" and a consensus target price of $1,731.42.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 30 shares of the business's 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 value of $40,318.20. Following the completion of the transaction, the executive vice president directly owned 1,119 shares in the company, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the director owned 515 shares of the company's stock, valued at $660,008.55. This trade represents a 8.85% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 160 shares of company stock worth $215,945. 3.60% of the stock is currently owned by insiders.

About Monolithic Power Systems

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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