Monolithic Power Systems, Inc. $MPWR Shares Acquired by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 11.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 5,235 shares of the semiconductor company’s stock after purchasing an additional 536 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Monolithic Power Systems were worth $5,724,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Monolithic Power Systems in the fourth quarter valued at $34,000. IFP Advisors Inc raised its stake in Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares in the last quarter. Covestor Ltd lifted its holdings in Monolithic Power Systems by 29.0% during the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after buying an additional 9 shares during the last quarter. Greenline Wealth Management LLC purchased a new stake in Monolithic Power Systems during the 4th quarter worth about $38,000. Finally, Torren Management LLC acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth about $49,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

MPWR has been the topic of a number of recent analyst reports. Raymond James Financial reiterated an “outperform” rating and issued a $1,800.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 1st. TD Cowen boosted their target price on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. KeyCorp upped their price target on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wells Fargo & Company increased their price target on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Needham & Company LLC raised their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus target price of $1,599.17.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $1,291.38 on Tuesday. The firm’s fifty day simple moving average is $1,507.56 and its 200-day simple moving average is $1,277.68. Monolithic Power Systems, Inc. has a 12 month low of $686.87 and a 12 month high of $1,714.09. The stock has a market capitalization of $63.45 billion, a price-to-earnings ratio of 93.11, a PEG ratio of 2.42 and a beta of 1.71.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $804.19 million during the quarter, compared to analysts’ expectations of $781.93 million. During the same quarter in the prior year, the business earned $4.04 EPS. Monolithic Power Systems’s quarterly revenue was up 26.1% compared to the same quarter last year. Analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid 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 dividend payout ratio is 57.68%.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $1,351.61, for a total transaction of $40,548.30. Following the transaction, the executive vice president owned 1,149 shares of the company’s stock, valued at $1,552,999.89. This trade represents a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deming Xiao sold 30,000 shares of the business’s stock in a transaction dated 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 completion of 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 69,370 shares of company stock valued at $112,702,503. Corporate insiders own 3.60% of the company’s stock.

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.