Wealthfront Advisers LLC Purchases Shares of 8,873 Monolithic Power Systems, Inc. $MPWR

Key Points

• Wealthfront Advisers acquired 8,873 shares of Monolithic Power Systems in the second quarter, valued at approximately $12.3 million. Institutional investors and hedge funds collectively own 93.46% of MPWR.
• MPWR shares opened at $1,333.18 after declining 5.8%, while the company reported quarterly EPS of $6.50 and revenue of $980.64 million, beating analyst estimates and marking 47.6% year-over-year revenue growth.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $1,705.82, while the company’s quarterly dividend implies an annualized payout of $8.00 per share and a 0.6% yield.

Wealthfront Advisers LLC acquired a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,873 shares of the semiconductor company's stock, valued at approximately $12,266,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MPWR. IFP Advisors Inc raised its position 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 buying an additional 24 shares during the period. Covestor Ltd grew its position in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 9 shares during the period. Greenline Wealth Management LLC purchased a new stake in Monolithic Power Systems during the fourth quarter valued at about $38,000. Sunbelt Securities Inc. grew its position in Monolithic Power Systems by 233.3% during the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company's stock valued at $44,000 after acquiring an additional 28 shares during the period. Finally, Essential Partners LLC increased its stake in Monolithic Power Systems by 30.3% during the first quarter. Essential Partners LLC now owns 43 shares of the semiconductor company's stock worth $47,000 after acquiring an additional 10 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Down 5.8%

Shares of NASDAQ MPWR opened at $1,333.18 on Wednesday. The stock has a fifty day moving average price of $1,387.64 and a 200 day moving average price of $1,344.11. Monolithic Power Systems, Inc. has a 12-month low of $800.97 and a 12-month high of $1,714.09. The company has a market cap of $65.51 billion, a P/E ratio of 81.74 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its 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 company had revenue of $980.64 million during 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 company's revenue was up 47.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.21 earnings per share. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 annualized dividend and a yield of 0.6%. Monolithic Power Systems's dividend payout ratio (DPR) is 49.05%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MPWR shares. Zacks Research upgraded Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 18th. KeyCorp boosted their target price on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Truist Financial increased their target price on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Wells Fargo & Company raised their price target on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Finally, Wall Street Zen raised shares of Monolithic Power Systems from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Monolithic Power Systems has an average rating of "Moderate Buy" and an average price target of $1,705.82.

Insider Activity

In other news, EVP Saria Tseng sold 7,565 shares of the company's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the completion of the transaction, the executive vice president directly owned 144,218 shares in the company, valued at approximately $245,170,600. This represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeff Zhou sold 486 shares of the firm's stock in a transaction 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 sale, the director directly owned 3,800 shares of the company's stock, valued at approximately $6,384,000. The trade was a 11.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 13,191 shares of company stock worth $21,807,015. Company insiders own 3.60% of the company's stock.

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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