United Capital Financial Advisors LLC Takes Position in Monolithic Power Systems, Inc. $MPWR

Key Points

• United Capital Financial Advisors acquired 1,613 shares of Monolithic Power Systems worth approximately $2.23 million, while institutional investors collectively own 93.46% of the company.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $1,731.42; several firms recently upgraded the stock or raised their targets.
• Monolithic Power Systems reported strong quarterly results, beating earnings and revenue estimates, with revenue rising 47.6% year over year. The stock opened at $1,256.26, down 4.2%, while insiders have sold $261,964 worth of shares over the past three months.

United Capital Financial Advisors LLC bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,613 shares of the semiconductor company's stock, valued at approximately $2,230,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Transamerica Financial Advisors LLC acquired a new position in Monolithic Power Systems during the second quarter worth approximately $35,000. IFP Advisors Inc lifted its position in shares of Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock valued at $35,000 after buying an additional 24 shares during the last quarter. Covestor Ltd lifted its position in shares of Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock valued at $36,000 after buying an additional 9 shares during the last quarter. Danske Bank A S bought a new position in shares of Monolithic Power Systems during the 2nd quarter worth approximately $36,000. Finally, Greenline Wealth Management LLC bought a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $38,000. Institutional investors own 93.46% of the company's stock.

Insider Transactions at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 50 shares of the company's stock in a transaction dated 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 transaction, the director directly owned 515 shares in the company, valued at approximately $660,008.55. This represents a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Maurice Sciammas sold 30 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president directly owned 1,119 shares in the company, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 190 shares of company stock valued at $261,964. 3.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MPWR has been the topic of a number of research analyst reports. Wall Street Zen upgraded Monolithic Power Systems from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 17th. TD Cowen upped 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 report on Friday, May 1st. Zacks Research upgraded shares of Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 18th. Finally, Citigroup reissued a "buy" rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,731.42.

Monolithic Power Systems Trading Down 4.2%

Monolithic Power Systems stock opened at $1,256.26 on Friday. The company has a market capitalization of $61.73 billion, a price-to-earnings ratio of 77.02 and a beta of 1.69. Monolithic Power Systems, Inc. has a 12 month low of $800.97 and a 12 month high of $1,714.09. The stock's 50 day moving average is $1,348.06 and its 200-day moving average is $1,350.23.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping the consensus estimate of $5.87 by $0.63. The business 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%.The firm's revenue for the quarter was up 47.6% compared to the same quarter last year. During the same period last year, the firm posted $4.21 EPS. As a group, equities research analysts predict that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend 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%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source