Flputnam Investment Management Co. Makes New Investment in Monolithic Power Systems, Inc. $MPWR

Key Points

• Flputnam Investment Management acquired 20,409 shares of Monolithic Power Systems valued at approximately $28.2 million, while institutional investors collectively own 93.46% of MPWR.
• Analysts remain broadly bullish, with a consensus rating of “Moderate Buy” and an average price target of $1,705.82; several firms recently raised their targets.
• Monolithic Power Systems exceeded quarterly expectations, reporting $6.50 in EPS and $980.64 million in revenue, up 47.6% year over year. The company also pays a quarterly dividend of $2.00, while insiders have sold about $21.8 million of stock in the past 90 days.

Flputnam Investment Management Co. acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 20,409 shares of the semiconductor company's stock, valued at approximately $28,213,000.

A number of other institutional investors have also added to or reduced their stakes in MPWR. IFP Advisors Inc grew its holdings in shares of Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 24 shares in the last quarter. Covestor Ltd raised 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 purchasing an additional 9 shares in the last quarter. Greenline Wealth Management LLC bought a new stake in Monolithic Power Systems during the fourth quarter valued at approximately $38,000. Sunbelt Securities Inc. lifted its position in Monolithic Power Systems by 233.3% during the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company's stock valued at $44,000 after purchasing an additional 28 shares during the last quarter. Finally, Essential Partners LLC grew its stake in Monolithic Power Systems by 30.3% in the 1st quarter. Essential Partners LLC now owns 43 shares of the semiconductor company's stock worth $47,000 after buying an additional 10 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MPWR shares. Oppenheimer set a $1,700.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 1st. Zacks Research raised Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 18th. Wall Street Zen upgraded Monolithic Power Systems from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Needham & Company LLC lifted 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 note on Friday, July 31st. Finally, TD Cowen increased their price target on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a "buy" rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Monolithic Power Systems has an average rating of "Moderate Buy" and a consensus target price of $1,705.82.

Monolithic Power Systems Price Performance

MPWR stock opened at $1,402.01 on Monday. Monolithic Power Systems, Inc. has a 1 year low of $800.97 and a 1 year high of $1,714.09. The company has a market cap of $68.89 billion, a P/E ratio of 85.96 and a beta of 1.69. The firm has a 50-day moving average of $1,394.48 and a 200 day moving average of $1,340.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $903.30 million. During the same period in the previous year, the company posted $4.21 earnings per share. The firm's revenue was up 47.6% on a year-over-year basis. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

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

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Saria Tseng sold 7,565 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the transaction, the executive vice president owned 144,218 shares in the company, valued at approximately $245,170,600. The trade was a 4.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of the stock in a transaction 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 sale, the executive vice president directly owned 1,119 shares in the company, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 13,191 shares of company stock worth $21,807,015 in the last 90 days. Corporate insiders own 3.60% of the company's stock.

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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