Inspire Investing LLC Purchases 1,744 Shares of Monolithic Power Systems, Inc. $MPWR

Inspire Investing LLC boosted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 20.9% in the 4th quarter, HoldingsChannel reports. The firm owned 10,105 shares of the semiconductor company’s stock after buying an additional 1,744 shares during the period. Monolithic Power Systems accounts for about 0.8% of Inspire Investing LLC’s investment portfolio, making the stock its 14th largest holding. Inspire Investing LLC’s holdings in Monolithic Power Systems were worth $9,159,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Monolithic Power Systems by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after purchasing an additional 134,087 shares during the last quarter. First Trust Advisors LP lifted its holdings in Monolithic Power Systems by 66.4% during the 3rd quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock valued at $412,263,000 after purchasing an additional 178,622 shares during the last quarter. AIA Group Ltd bought a new position in shares of Monolithic Power Systems in the third quarter worth about $1,459,000. Merit Financial Group LLC raised its stake in shares of Monolithic Power Systems by 183.9% in the fourth quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock worth $2,499,000 after acquiring an additional 1,786 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Monolithic Power Systems by 0.8% in the third quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock worth $794,723,000 after acquiring an additional 6,503 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. 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. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,800.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 1st. Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Wells Fargo & Company boosted their target price on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Truist Financial set a $1,805.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $1,448.21 on Thursday. Monolithic Power Systems, Inc. has a one year low of $671.18 and a one year high of $1,714.09. The company has a 50 day moving average of $1,533.91 and a 200-day moving average of $1,223.25. The stock has a market cap of $71.15 billion, a price-to-earnings ratio of 104.41, a P/E/G ratio of 2.68 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The company had revenue of $804.19 million during the quarter, compared to analysts’ expectations of $781.93 million. During the same quarter in the previous year, the company earned $4.04 EPS. Monolithic Power Systems’s revenue was up 26.1% on a year-over-year basis. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The firm 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 dividend of $2.00 per share. The ex-dividend date is Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s payout ratio is currently 57.68%.

Insider Activity at Monolithic Power Systems

In related news, Director Jeff Zhou sold 486 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director owned 3,800 shares in the company, valued at approximately $6,384,000. The trade was a 11.34% 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, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,533.95, for a total transaction of $46,018.50. Following the transaction, the executive vice president owned 1,179 shares of the company’s stock, valued at approximately $1,808,527.05. This represents a 2.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 113,073 shares of company stock worth $160,875,958 over the last 90 days. 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.