Sigma Planning Corp Takes $453,000 Position in Monolithic Power Systems, Inc. $MPWR

Sigma Planning Corp purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the first quarter, Holdings Channel reports. The institutional investor purchased 414 shares of the semiconductor company’s stock, valued at approximately $453,000.

Several other institutional investors and hedge funds also recently bought and sold shares of MPWR. Checchi Capital Advisers LLC lifted its position in shares of Monolithic Power Systems by 26.5% during the first quarter. Checchi Capital Advisers LLC now owns 334 shares of the semiconductor company’s stock worth $365,000 after acquiring an additional 70 shares in the last quarter. First National Bank of Hutchinson grew its position in shares of Monolithic Power Systems by 4.1% in the first quarter. First National Bank of Hutchinson now owns 987 shares of the semiconductor company’s stock valued at $1,079,000 after purchasing an additional 39 shares in the last quarter. Calamos Advisors LLC raised its stake in shares of Monolithic Power Systems by 51.1% during the 1st quarter. Calamos Advisors LLC now owns 4,368 shares of the semiconductor company’s stock valued at $4,776,000 after purchasing an additional 1,478 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Monolithic Power Systems by 11.4% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,235 shares of the semiconductor company’s stock valued at $5,724,000 after purchasing an additional 536 shares during the period. Finally, State of Michigan Retirement System lifted its holdings in Monolithic Power Systems by 1.5% during the 1st quarter. State of Michigan Retirement System now owns 13,970 shares of the semiconductor company’s stock worth $15,274,000 after purchasing an additional 200 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MPWR has been the subject of several analyst reports. Rosenblatt Securities raised their target price on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, TD Cowen upped their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,585.83.

Monolithic Power Systems Stock Up 1.3%

Monolithic Power Systems stock opened at $1,328.80 on Tuesday. The firm has a fifty day simple moving average of $1,479.49 and a two-hundred day simple moving average of $1,291.55. Monolithic Power Systems, Inc. has a twelve month low of $702.32 and a twelve month high of $1,714.09. The company has a market capitalization of $65.28 billion, a PE ratio of 95.80, a P/E/G ratio of 2.33 and a beta of 1.71.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data 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 return on equity of 19.58% and a net margin of 22.84%.The firm had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. During the same quarter in the previous year, the business earned $4.04 earnings per share. The company’s quarterly revenue was up 26.1% on a year-over-year basis. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 20.26 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 57.68%.

Insiders Place Their Bets

In other news, Director Jeff Zhou sold 1,014 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $1,587.06, for a total transaction of $1,609,278.84. Following the completion of the sale, the director owned 4,786 shares of the company’s stock, valued at approximately $7,595,669.16. This represents a 17.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total transaction of $18,736,800.00. Following the completion of the transaction, the executive vice president owned 166,644 shares in the company, valued at $260,197,941.60. This represents a 6.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 69,370 shares of company stock worth $112,702,503. 3.60% of the stock is currently owned by corporate insiders.

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.