Virtu Financial LLC Purchases New Stake in Monolithic Power Systems, Inc. $MPWR

Key Points

• Virtu Financial LLC opened a new position in Monolithic Power Systems, buying 746 shares valued at about $676,000 in the fourth quarter.
• Monolithic Power Systems reported strong quarterly results, with EPS of $5.10 versus $4.90 expected and revenue of $804.19 million, up 26.1% year over year.
• The company also announced a $2.00 quarterly dividend, while analysts remain broadly positive with a consensus rating of Moderate Buy and an average price target of $1,599.17.

Virtu Financial LLC acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 746 shares of the semiconductor company's stock, valued at approximately $676,000.

Other institutional investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at about $34,000. 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 worth $35,000 after purchasing an additional 24 shares in the last quarter. Covestor Ltd boosted its holdings 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 purchasing an additional 9 shares during the period. Greenline Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth approximately $38,000. Finally, Torren Management LLC purchased a new position in Monolithic Power Systems during the fourth quarter valued at approximately $49,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $1,537.88 on Tuesday. Monolithic Power Systems, Inc. has a fifty-two week low of $671.18 and a fifty-two week high of $1,714.09. The stock's 50-day moving average is $1,550.45 and its two-hundred day moving average is $1,236.34. The firm has a market cap of $75.56 billion, a P/E ratio of 110.88, a price-to-earnings-growth ratio of 2.80 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, beating analysts' consensus estimates of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The business had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. During the same quarter in the prior year, the firm posted $4.04 EPS. The firm's revenue for the quarter was up 26.1% on a year-over-year basis. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.5%. Monolithic Power Systems's dividend payout ratio (DPR) is currently 57.68%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MPWR shares. Rosenblatt Securities upped their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a "neutral" rating in a research note on Friday, May 1st. Oppenheimer set a $1,700.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 1st. Raymond James Financial restated an "outperform" rating and set a $1,800.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Zacks Research downgraded shares of Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 10th. Finally, Citigroup reiterated a "buy" rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $1,599.17.

Insider Buying and Selling

In related news, EVP Deming Xiao sold 30,000 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the transaction, the executive vice president owned 205,959 shares in the company, valued at $340,769,463.45. This trade represents a 12.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total transaction of $18,736,800.00. Following the transaction, the executive vice president directly owned 166,644 shares of the company's stock, valued at approximately $260,197,941.60. This represents a 6.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 113,043 shares of company stock valued at $160,843,106. 3.60% of the stock is owned by corporate insiders.

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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