Winnow Wealth LLC Buys New Stake in Monolithic Power Systems, Inc. $MPWR

Winnow Wealth LLC purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,116 shares of the semiconductor company’s stock, valued at approximately $1,028,000.

A number of other large investors have also made changes to their positions in MPWR. AlphaQuest LLC grew its stake in Monolithic Power Systems by 738.9% during the 3rd quarter. AlphaQuest LLC now owns 604 shares of the semiconductor company’s stock worth $556,000 after buying an additional 532 shares during the last quarter. Arizona State Retirement System boosted its holdings in Monolithic Power Systems by 1.1% in the third quarter. Arizona State Retirement System now owns 14,117 shares of the semiconductor company’s stock worth $12,997,000 after acquiring an additional 158 shares in the last quarter. AE Wealth Management LLC acquired a new stake in Monolithic Power Systems in the third quarter worth about $1,121,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Monolithic Power Systems by 745.2% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 617 shares of the semiconductor company’s stock worth $568,000 after acquiring an additional 544 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Monolithic Power Systems by 14.1% during the third quarter. New York State Common Retirement Fund now owns 26,706 shares of the semiconductor company’s stock valued at $24,587,000 after acquiring an additional 3,300 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 3,976 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $895.23, for a total transaction of $3,559,434.48. Following the sale, the executive vice president owned 144,330 shares of the company’s stock, valued at $129,208,545.90. This trade represents a 2.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Victor K. Lee sold 600 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $930.86, for a total transaction of $558,516.00. Following the transaction, the director directly owned 27,967 shares of the company’s stock, valued at approximately $26,033,361.62. This trade represents a 2.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 69,976 shares of company stock worth $63,370,417. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,124.15 on Friday. The firm’s fifty day moving average is $978.80 and its two-hundred day moving average is $916.99. The firm has a market cap of $53.86 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 3.32 and a beta of 1.45. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,188.66.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.11. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.The business had revenue of $737.18 million during the quarter, compared to analyst estimates of $720.66 million. During the same quarter last year, the business posted $4.06 EPS. The company’s revenue was up 18.9% on a year-over-year basis. As a group, equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 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 Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $1.56 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $6.24 dividend on an annualized basis and a yield of 0.6%. Monolithic Power Systems’s payout ratio is presently 15.93%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Citigroup lifted their target price on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. TD Cowen reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. Rosenblatt Securities upped their target price on Monolithic Power Systems from $800.00 to $950.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Truist Financial raised their target price on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Finally, Stifel Nicolaus boosted their price target on Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Buy” and a consensus price target of $1,135.42.

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.