Ieq Capital LLC Acquires Shares of 1,203 Monolithic Power Systems, Inc. $MPWR

Key Points

• Ieq Capital acquired 1,203 shares of Monolithic Power Systems during the second quarter, worth approximately $1.66 million. Institutional investors and hedge funds now own 93.46% of the company.
• Analysts remain broadly positive, with a “Moderate Buy” consensus rating and an average price target of $1,731.42; recent targets range as high as $1,850.
• Monolithic Power Systems reported strong quarterly results, including $6.50 in EPS and $980.64 million in revenue, with revenue rising 47.6% year over year. The company also maintains a quarterly dividend of $2 per share, while insiders sold 190 shares worth about $262,000 during the last quarter.

Ieq Capital LLC bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,203 shares of the semiconductor company's stock, valued at approximately $1,663,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Callan Family Office LLC acquired a new position in Monolithic Power Systems in the 2nd quarter valued at about $2,519,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Monolithic Power Systems during the 2nd quarter worth approximately $312,000. Green Alpha Advisors LLC purchased a new stake in shares of Monolithic Power Systems during the 2nd quarter valued at approximately $1,089,000. OneAscent Family Office LLC acquired a new position in Monolithic Power Systems in the second quarter valued at approximately $256,000. Finally, Allworth Financial LP acquired a new position in Monolithic Power Systems in the second quarter valued at approximately $3,575,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. TD Cowen upped their price objective on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a "buy" rating in a report on Friday, May 1st. Oppenheimer set a $1,700.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 1st. Rosenblatt Securities reiterated a "neutral" rating and issued a $1,575.00 target price on shares of Monolithic Power Systems in a report on Friday, July 31st. Finally, Citigroup reissued a "buy" rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,731.42.

Monolithic Power Systems Price Performance

MPWR stock opened at $1,304.15 on Wednesday. The firm has a market capitalization of $64.09 billion, a P/E ratio of 79.96 and a beta of 1.69. The business's 50-day moving average is $1,362.15 and its two-hundred day moving average is $1,349.28. Monolithic Power Systems, Inc. has a 1 year low of $800.97 and a 1 year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced 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. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The business had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. During the same period in the previous year, the company posted $4.21 earnings per share. The business's revenue for the quarter was up 47.6% on a year-over-year basis. On average, analysts expect that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems's payout ratio is 49.05%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the sale, the executive vice president directly owned 1,119 shares of the company's stock, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Herbert Chang sold 50 shares of the firm's stock in a transaction 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 sale, the director owned 515 shares in the company, valued at $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 190 shares of company stock valued at $261,964 in the last quarter. 3.60% of the stock is currently owned by company insiders.

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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