Global Retirement Partners LLC Acquires New Stake in Monolithic Power Systems, Inc. $MPWR

Key Points

• Institutional interest increased: Global Retirement Partners acquired 1,022 Monolithic Power Systems shares worth approximately $1.4 million, while institutional investors collectively own 93.46% of the company.
• Strong quarterly performance: Monolithic Power Systems reported quarterly EPS of $6.50 versus the $5.87 consensus estimate, with revenue of $980.64 million, up 47.6% year over year.
• Analysts remain bullish: The stock carries a consensus “Moderate Buy” rating with an average price target of $1,705.82, despite recent insider selling and a valuation of roughly 87 times earnings.

Global Retirement Partners LLC acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,022 shares of the semiconductor company's stock, valued at approximately $1,412,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fielder Capital Group LLC purchased a new stake in shares of Monolithic Power Systems during the second quarter worth about $734,000. Bank of New York Mellon Corp acquired a new stake in Monolithic Power Systems during the second quarter worth approximately $402,414,000. ABN AMRO Bank N.V. acquired a new stake in Monolithic Power Systems during the second quarter worth approximately $4,302,000. Kelleher Financial Advisors purchased a new stake in Monolithic Power Systems in the 2nd quarter worth approximately $207,000. Finally, GSA Capital Partners LLP purchased a new stake in Monolithic Power Systems in the 2nd quarter worth approximately $532,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Up 1.0%

Shares of MPWR opened at $1,415.99 on Tuesday. Monolithic Power Systems, Inc. has a fifty-two week low of $800.97 and a fifty-two week high of $1,714.09. The company's fifty day moving average is $1,391.62 and its two-hundred day moving average is $1,342.90. The firm has a market cap of $69.59 billion, a PE ratio of 86.82 and a beta of 1.69.

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, topping analysts' consensus estimates of $5.87 by $0.63. The business had revenue of $980.64 million during the quarter, compared to the consensus estimate 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 for the quarter was up 47.6% on a year-over-year basis. During the same period in the prior year, the firm posted $4.21 EPS. As a group, equities 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 company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $2.00 per share. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. Monolithic Power Systems's payout ratio is presently 49.05%.

Insider Buying and Selling at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 50 shares of the firm's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $1,420.00, for a total value of $71,000.00. Following the transaction, the director owned 565 shares of the company's stock, valued at approximately $802,300. This trade represents a 8.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Saria Tseng sold 7,565 shares of the 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 represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 13,191 shares of company stock worth $21,807,015 over the last three months. 3.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on MPWR shares. TD Cowen increased their price target on 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. Zacks Research upgraded 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. KeyCorp raised their price target on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Finally, Raymond James Financial restated an "outperform" rating on shares of Monolithic Power Systems in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,705.82.

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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