Diversify Wealth Management LLC Sells 1,064 Shares of Monolithic Power Systems, Inc. $MPWR

Key Points

• Diversify Wealth Management LLC reduced its Monolithic Power Systems position by 60.4%, selling 1,064 shares and retaining 697 shares valued at approximately $933,000. Institutional investors collectively own 93.46% of the company.
• Monolithic Power Systems reported strong quarterly results, with earnings of $6.50 per share versus the $5.87 consensus estimate and revenue of $980.64 million, up 47.6% year over year. The company also pays an annualized dividend of $8.00 per share, yielding about 0.6%.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $1,705.82, while several firms recently raised their targets. Company insiders sold 13,191 shares worth roughly $21.8 million over the last quarter.

Diversify Wealth Management LLC cut its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 60.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 697 shares of the semiconductor company's stock after selling 1,064 shares during the quarter. Diversify Wealth Management LLC's holdings in Monolithic Power Systems were worth $933,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in shares of 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 purchasing an additional 24 shares in the last quarter. Covestor Ltd boosted its stake in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock worth $36,000 after buying an additional 9 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in Monolithic Power Systems by 233.3% in 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 during the period. Greenline Wealth Management LLC bought a new stake in Monolithic Power Systems in the 4th quarter valued at $38,000. Finally, Essential Partners LLC raised its stake in shares of Monolithic Power Systems by 30.3% in the 1st quarter. Essential Partners LLC now owns 43 shares of the semiconductor company's stock valued at $47,000 after buying an additional 10 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Stock Up 2.9%

Shares of MPWR stock opened at $1,402.01 on Friday. The company has a market capitalization of $68.90 billion, a P/E ratio of 85.96 and a beta of 1.69. Monolithic Power Systems, Inc. has a 12-month low of $800.97 and a 12-month high of $1,714.09. The firm has a 50-day moving average price of $1,394.48 and a 200 day moving average price of $1,338.74.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping the consensus estimate 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 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 earnings per share. The company's revenue was up 47.6% on a year-over-year basis. As a group, research analysts expect 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 declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis 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%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MPWR. Zacks Research raised shares of Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 18th. Weiss Ratings lowered shares of Monolithic Power Systems from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. TD Cowen raised their price target on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a "buy" rating in a research note on Friday, May 1st. Needham & Company LLC lifted their price objective on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a "buy" rating in a report 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 research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems has an average rating of "Moderate Buy" and a consensus target price of $1,705.82.

Insiders Place Their Bets

In other news, Director Kuo Wei Herbert Chang sold 50 shares of the stock in a transaction 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 sale, the director owned 565 shares in the company, valued at approximately $802,300. This represents a 8.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Saria Tseng sold 7,565 shares of the firm's stock in a transaction on 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 completion of the sale, the executive vice president owned 144,218 shares of the company's stock, valued at approximately $245,170,600. This trade represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 13,191 shares of company stock valued at $21,807,015. Company 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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