Northwestern Mutual Wealth Management Co. Purchases Shares of 2,361 Monolithic Power Systems, Inc. $MPWR

Key Points

• Northwestern Mutual Wealth Management opened a position in Monolithic Power Systems by purchasing 2,361 shares worth approximately $3.26 million. Institutional investors collectively own 93.46% of MPWR.
• Monolithic Power Systems reported strong quarterly results, with EPS of $6.50 beating estimates of $5.87 and revenue rising 47.6% year over year to $980.64 million.
• MPWR shares opened at $1,285.03, down 2.4%, while analysts maintained a “Moderate Buy” consensus and an average price target of $1,731.42. Insiders have sold roughly $13.06 million of stock over the past 90 days.

Northwestern Mutual Wealth Management Co. acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,361 shares of the semiconductor company's stock, valued at approximately $3,264,000.

A number of other hedge funds have also made changes to their positions in MPWR. Brighton Jones LLC raised its position in Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock valued at $376,000 after purchasing an additional 200 shares during the period. Empowered Funds LLC grew its stake in shares of Monolithic Power Systems by 3.1% in the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company's stock valued at $3,088,000 after buying an additional 161 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Monolithic Power Systems by 3.5% in the second quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company's stock valued at $6,863,000 after buying an additional 314 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Monolithic Power Systems by 35.2% in the second quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company's stock valued at $26,175,000 after buying an additional 9,315 shares in the last quarter. Finally, Globeflex Capital L P purchased a new stake in shares of Monolithic Power Systems during the 2nd quarter valued at about $347,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Transactions at Monolithic Power Systems

In related news, EVP Saria Tseng sold 7,565 shares of the business's stock in a transaction dated Wednesday, May 27th. The stock was 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 directly owned 144,218 shares of the company's stock, valued at $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 is available through this link. Also, Director Kuo Wei Herbert Chang sold 50 shares of the company's stock in a transaction that occurred 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 sale, the director owned 565 shares in the company, valued at $802,300. The trade was a 8.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 7,705 shares of company stock valued at $13,058,385. Insiders own 3.60% of the company's stock.

Monolithic Power Systems Trading Down 2.4%

MPWR stock opened at $1,285.03 on Tuesday. Monolithic Power Systems, Inc. has a twelve month low of $800.97 and a twelve month high of $1,714.09. The company has a market capitalization of $63.15 billion, a P/E ratio of 78.79 and a beta of 1.69. The firm has a 50 day simple moving average of $1,366.04 and a 200-day simple moving average of $1,348.10.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The firm had revenue of $980.64 million for the quarter, compared to analysts' expectations of $903.30 million. During the same period in the prior year, the company posted $4.21 earnings per share. The firm's quarterly revenue was up 47.6% on a year-over-year basis. On average, research analysts predict that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid 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 was Tuesday, June 30th. Monolithic Power Systems's dividend payout ratio is 49.05%.

Analyst Upgrades and Downgrades

Several research firms recently commented on MPWR. Zacks Research raised Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 18th. TD Cowen lifted their price objective on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Weiss Ratings upgraded shares of Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 17th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $1,575.00 price target on shares of Monolithic Power Systems in a report on Friday, July 31st. Finally, Arete Research set a $2,013.00 price objective on shares of Monolithic Power Systems and gave the stock a "buy" rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,731.42.

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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