First Foundation Advisors Makes New $4.14 Million Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Key Points

• First Foundation Advisors has made a new investment of approximately $4.14 million in Monolithic Power Systems, acquiring 7,137 shares of the semiconductor company's stock.
• Insider transactions reveal that a director sold 100 shares and an executive vice president sold 12,000 shares of Monolithic Power Systems, indicating a significant reduction in their holdings.
• Monolithic Power Systems recently reported earnings per share of $4.04 for the latest quarter, beating estimates, and announced a quarterly dividend of $1.56 per share.

First Foundation Advisors purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,137 shares of the semiconductor company's stock, valued at approximately $4,139,000.

Several other large investors have also made changes to their positions in the business. Beverly Hills Private Wealth LLC lifted its holdings in Monolithic Power Systems by 3.2% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 638 shares of the semiconductor company's stock worth $370,000 after purchasing an additional 20 shares in the last quarter. Cromwell Holdings LLC raised its position in shares of Monolithic Power Systems by 18.7% during the first quarter. Cromwell Holdings LLC now owns 127 shares of the semiconductor company's stock valued at $74,000 after buying an additional 20 shares during the last quarter. Burney Co. lifted its holdings in shares of Monolithic Power Systems by 2.2% in the first quarter. Burney Co. now owns 946 shares of the semiconductor company's stock worth $549,000 after buying an additional 20 shares in the last quarter. Kestra Private Wealth Services LLC boosted its position in shares of Monolithic Power Systems by 2.9% during the first quarter. Kestra Private Wealth Services LLC now owns 897 shares of the semiconductor company's stock worth $520,000 after acquiring an additional 25 shares during the last quarter. Finally, TrinityPoint Wealth LLC grew its stake in Monolithic Power Systems by 5.6% during the fourth quarter. TrinityPoint Wealth LLC now owns 513 shares of the semiconductor company's stock valued at $303,000 after acquiring an additional 27 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $698.00, for a total value of $69,800.00. Following the completion of the sale, the director owned 676 shares of the company's stock, valued at $471,848. This trade represents a 12.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $701.00, for a total value of $8,412,000.00. Following the transaction, the executive vice president owned 4,015 shares of the company's stock, valued at $2,814,515. This trade represents a 74.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,200 shares of company stock worth $13,046,800. 3.40% of the stock is currently owned by insiders.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $738.55 on Tuesday. The company has a market cap of $35.36 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 2.84 and a beta of 1.20. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64. The stock's 50 day simple moving average is $710.58 and its two-hundred day simple moving average is $646.93.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.04. The firm had revenue of $637.55 million for the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The company's revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.81 EPS. Equities research analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Monday, June 30th. Monolithic Power Systems's dividend payout ratio is currently 16.56%.

Analyst Upgrades and Downgrades

MPWR has been the topic of a number of research reports. Raymond James Financial reiterated an "outperform" rating and issued a $720.00 price target (down from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Loop Capital raised their price objective on Monolithic Power Systems from $760.00 to $800.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Needham & Company LLC reiterated a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Rosenblatt Securities reissued a "neutral" rating and set a $644.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Finally, Wells Fargo & Company raised their price target on Monolithic Power Systems from $695.00 to $730.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $805.67.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.

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