Monolithic Power Systems, Inc. $MPWR Shares Newly Acquired by Westwind Capital

Key Points

• Westwind Capital acquired 1,324 shares of Monolithic Power Systems in the third quarter, valued at approximately $1.78 million. Institutional investors collectively own 93.46% of the company.
• MPWR reported strong quarterly results, with earnings of $6.50 per share versus a $5.87 consensus estimate and revenue of $980.64 million, up 47.6% year over year.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and a $1,731.42 price target. The company also declared a quarterly dividend of $2.00 per share, representing a 0.6% yield.

Westwind Capital acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,324 shares of the semiconductor company's stock, valued at approximately $1,784,000.

Several other hedge funds have also recently added to or reduced their stakes in MPWR. Royal Fund Management LLC increased its position in Monolithic Power Systems by 2.7% in the 1st quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company's stock worth $289,000 after buying an additional 7 shares during the period. Eastern Bank boosted its position in shares of Monolithic Power Systems by 8.0% in the third quarter. Eastern Bank now owns 108 shares of the semiconductor company's stock valued at $146,000 after acquiring an additional 8 shares during the period. Avidian Wealth Enterprises LLC boosted its position in shares of Monolithic Power Systems by 4.5% in the third quarter. Avidian Wealth Enterprises LLC now owns 185 shares of the semiconductor company's stock valued at $250,000 after acquiring an additional 8 shares during the period. Bell Investment Advisors Inc grew its stake in shares of Monolithic Power Systems by 23.7% in the first quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company's stock worth $51,000 after acquiring an additional 9 shares during the last quarter. Finally, CENTRAL TRUST Co grew its stake in shares of Monolithic Power Systems by 1.4% in the first quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company's stock worth $766,000 after acquiring an additional 10 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Price Performance

Shares of MPWR traded down $56.18 on Thursday, reaching $1,369.80. 847,824 shares of the stock traded hands, compared to its average volume of 726,441. The stock's 50-day moving average price is $1,312.56 and its 200-day moving average price is $1,382.56. The firm has a market cap of $67.31 billion, a price-to-earnings ratio of 83.99 and a beta of 1.68. Monolithic Power Systems, Inc. has a 12 month low of $833.18 and a 12 month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, topping the consensus estimate of $5.87 by $0.63. The firm had revenue of $980.64 million during the quarter, compared to analysts' expectations of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.Monolithic Power Systems's quarterly revenue was up 47.6% compared to the same quarter last year. During the same period last year, the business earned $4.21 earnings per share. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 23.32 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $2.00 per share. The ex-dividend date is Wednesday, September 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. Monolithic Power Systems's dividend payout ratio (DPR) is currently 49.05%.

Analysts Set New Price Targets

Several research firms recently commented on MPWR. Weiss Ratings cut shares of Monolithic Power Systems from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, August 31st. KeyCorp raised their price target on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Needham & Company LLC boosted their price objective on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Rosenblatt Securities reaffirmed a "neutral" rating and set a $1,575.00 price objective on shares of Monolithic Power Systems in a research report on Friday, July 31st. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,731.42.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction 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. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the sale, the director directly owned 515 shares in the company, valued at $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 130 shares of company stock valued at $175,397. Corporate insiders own 3.60% of the company's stock.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc NASDAQ: MPWR is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help convert, regulate and control electrical power in electronic systems, with applications spanning computing and storage, automotive, industrial, communications infrastructure, consumer electronics and other markets.

The company's product portfolio includes power-management integrated circuits, DC-to-DC converters, power modules, battery-charging and management solutions, LED drivers, motor drivers, voltage regulators and related analog and mixed-signal devices.

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