Sanctuary Advisors LLC Takes Position in Monolithic Power Systems, Inc. $MPWR

Key Points

• Sanctuary Advisors LLC purchased 15,480 shares of Monolithic Power Systems in the second quarter, valued at approximately $21.4 million. Institutional investors collectively own 93.46% of the company.
• Analysts remain broadly bullish, with a consensus rating of “Moderate Buy” and an average price target of $1,731.42; Needham recently raised its target to $2,000.
• Monolithic Power Systems exceeded quarterly expectations, reporting $6.50 in EPS and $980.64 million in revenue, up 47.6% year over year. The company also pays an annualized dividend of $8.00 per share, yielding about 0.6%.

Sanctuary Advisors LLC purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,480 shares of the semiconductor company's stock, valued at approximately $21,399,000.

Several other institutional investors have also added to or reduced their stakes in the business. Fideuram Asset Management Ireland dac purchased a new position in Monolithic Power Systems during the fourth quarter valued at $3,983,000. Mirabaud Asset Management Ltd purchased a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $4,424,000. B. Metzler seel. Sohn & Co. AG increased its stake in shares of Monolithic Power Systems by 45.9% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 2,448 shares of the semiconductor company's stock worth $2,219,000 after purchasing an additional 770 shares in the last quarter. Baker Avenue Asset Management LP raised its position in shares of Monolithic Power Systems by 436.6% during the 4th quarter. Baker Avenue Asset Management LP now owns 3,182 shares of the semiconductor company's stock worth $2,884,000 after purchasing an additional 2,589 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth about $658,656,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MPWR. Citigroup reiterated a "buy" rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Wall Street Zen raised Monolithic Power Systems from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Weiss Ratings upgraded Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 17th. Needham & Company LLC boosted their price target on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Arete Research set a $2,013.00 price objective on Monolithic Power Systems and gave the company a "buy" rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,731.42.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,316.28 on Monday. Monolithic Power Systems, Inc. has a one year low of $800.97 and a one year high of $1,714.09. The stock has a market cap of $64.69 billion, a PE ratio of 80.70 and a beta of 1.69. The stock has a 50 day moving average price of $1,373.38 and a 200 day moving average price of $1,347.25.

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. The firm had revenue of $980.64 million for 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 firm's revenue was up 47.6% compared to the same quarter last year. During the same quarter last year, the business posted $4.21 earnings per share. As a group, analysts predict that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently declared 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. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems's payout ratio is currently 49.05%.

Insider Activity

In related news, Director Jeff Zhou sold 486 shares of the firm's stock in a transaction dated 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 directly owned 3,800 shares in the company, valued at approximately $6,384,000. This trade represents a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kuo Wei Herbert Chang sold 50 shares of Monolithic Power Systems stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total transaction of $71,000.00. Following the transaction, the director directly owned 565 shares in the company, valued at $802,300. This trade represents a 8.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 8,191 shares of company stock worth $13,874,865. 3.60% of the stock is owned by insiders.

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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