1,324 Shares of Monolithic Power Systems, Inc. $MPWR Bought by Westwind Capital

Westwind Capital purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,324 shares of the semiconductor company’s stock, valued at approximately $1,784,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avidian Wealth Enterprises LLC increased its holdings in shares of Monolithic Power Systems by 4.5% during the third quarter. Avidian Wealth Enterprises LLC now owns 185 shares of the semiconductor company’s stock worth $250,000 after buying an additional 8 shares in the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of Monolithic Power Systems by 16.4% in the 3rd quarter. Valeo Financial Advisors LLC now owns 702 shares of the semiconductor company’s stock worth $946,000 after acquiring an additional 99 shares in the last quarter. Whalen Wealth Management Inc. boosted its holdings in shares of Monolithic Power Systems by 10.2% in the 3rd quarter. Whalen Wealth Management Inc. now owns 650 shares of the semiconductor company’s stock worth $876,000 after acquiring an additional 60 shares in the last quarter. Venture Visionary Partners LLC bought a new stake in Monolithic Power Systems during the 3rd quarter worth approximately $234,000. Finally, Eastern Bank grew its position in Monolithic Power Systems by 8.0% during the 3rd quarter. Eastern Bank now owns 108 shares of the semiconductor company’s stock worth $146,000 after acquiring an additional 8 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the business’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 completion of the sale, the executive vice president directly owned 1,119 shares of the company’s stock, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei 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 transaction of $64,078.50. Following the transaction, the director owned 515 shares in the company, valued at approximately $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 130 shares of company stock worth $175,397. 3.60% of the stock is owned by company insiders.

Monolithic Power Systems Trading Down 3.9%

Shares of Monolithic Power Systems stock traded down $56.18 during midday trading on Thursday, reaching $1,369.80. The company had a trading volume of 847,824 shares, compared to its average volume of 726,441. The company has a market capitalization of $67.31 billion, a price-to-earnings ratio of 83.99 and a beta of 1.68. The stock has a fifty day simple moving average of $1,312.56 and a 200 day simple moving average of $1,382.56. Monolithic Power Systems, Inc. has a 1-year low of $833.18 and a 1-year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data 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 firm had revenue of $980.64 million during the quarter, compared to analysts’ expectations of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. Monolithic Power Systems’s revenue was up 47.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.21 EPS. Sell-side analysts expect that Monolithic Power Systems, Inc. will post 23.32 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid 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 of this dividend is Wednesday, September 30th. Monolithic Power Systems’s dividend payout ratio is 49.05%.

Analysts Set New Price Targets

A number of research firms recently weighed in on MPWR. Truist Financial raised their price target on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a report on Friday, July 31st. Rosenblatt Securities reissued a “neutral” rating and issued a $1,575.00 price objective on shares of Monolithic Power Systems in a research note on Friday, July 31st. KeyCorp increased 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. Zacks Research lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Finally, TD Cowen reaffirmed a “buy” rating on shares of Monolithic Power Systems in a report on Monday. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,731.42.

About Monolithic Power Systems

Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help convert, regulate and control electrical power in electronic systems, with applications spanning computing and storage, automotive, industrial, communications infrastructure, consumer electronics and other markets.

The company’s product portfolio includes power-management integrated circuits, DC-to-DC converters, power modules, battery-charging and management solutions, LED drivers, motor drivers, voltage regulators and related analog and mixed-signal devices.