Monolithic Power Systems, Inc. $MPWR Shares Purchased by Florida Trust Wealth Management Co

Key Points

• Florida Trust Wealth Management increased its Monolithic Power Systems stake by 80.8% in the second quarter, bringing its holdings to 1,712 shares worth approximately $2.37 million. Institutional investors and hedge funds own 93.46% of MPWR.
• Monolithic Power Systems reported quarterly EPS of $6.50, beating estimates of $5.87, while revenue reached $980.64 million and rose 47.6% year over year. Analysts expect full-year EPS of $23.35.
• MPWR has a “Moderate Buy” consensus rating and an average analyst price target of $1,705.82. The company also pays an annualized $8.00 dividend, while insiders sold 13,191 shares worth about $21.8 million during the last quarter.

Florida Trust Wealth Management Co boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 80.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,712 shares of the semiconductor company's stock after buying an additional 765 shares during the period. Florida Trust Wealth Management Co's holdings in Monolithic Power Systems were worth $2,367,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc lifted its stake in shares of Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 24 shares during the period. Covestor Ltd increased its stake in shares of Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 9 shares during the period. Greenline Wealth Management LLC acquired a new position in shares of Monolithic Power Systems during the fourth quarter worth about $38,000. Sunbelt Securities Inc. raised its holdings in Monolithic Power Systems by 233.3% during the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 28 shares in the last quarter. Finally, Essential Partners LLC lifted its position in Monolithic Power Systems by 30.3% in the first quarter. Essential Partners LLC now owns 43 shares of the semiconductor company's stock valued at $47,000 after purchasing an additional 10 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

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 dated Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the transaction, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeff Zhou sold 486 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the completion of the sale, the director owned 3,800 shares in the company, valued at $6,384,000. This represents a 11.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 13,191 shares of company stock worth $21,807,015. Corporate insiders own 3.60% of the company's stock.

Monolithic Power Systems Price Performance

MPWR opened at $1,362.55 on Friday. The stock has a market cap of $66.96 billion, a P/E ratio of 83.54 and a beta of 1.69. The stock's 50 day simple moving average is $1,396.06 and its 200 day simple moving average is $1,338.29. 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 issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (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 revenue was up 47.6% on a year-over-year basis. During the same period in the previous year, the firm posted $4.21 earnings per share. Research analysts expect that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company 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. 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 dividend payout ratio (DPR) is currently 49.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MPWR shares. Zacks Research raised Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 18th. Raymond James Financial reissued an "outperform" rating on shares of Monolithic Power Systems in a research note on Wednesday. Wall Street Zen raised Monolithic Power Systems from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Weiss Ratings downgraded Monolithic Power Systems from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. Finally, TD Cowen upped their price objective on 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. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,705.82.

About Monolithic Power Systems

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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