Cornerstone Advisors LLC Acquires Shares of 7,864 Monolithic Power Systems, Inc. $MPWR

Cornerstone Advisors LLC bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,864 shares of the semiconductor company’s stock, valued at approximately $10,871,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Brighton Jones LLC boosted its holdings in Monolithic Power Systems by 46.0% in the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after buying an additional 200 shares during the last quarter. Empowered Funds LLC increased its stake in Monolithic Power Systems by 3.1% during the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after buying an additional 161 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Monolithic Power Systems by 3.5% during the second quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock valued at $6,863,000 after acquiring an additional 314 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Monolithic Power Systems by 35.2% during the second quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock valued at $26,175,000 after acquiring an additional 9,315 shares during the last quarter. Finally, Globeflex Capital L P purchased a new position in shares of Monolithic Power Systems in the second quarter valued at approximately $347,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 1.0%

MPWR stock opened at $1,415.99 on Tuesday. The firm has a 50-day moving average of $1,391.62 and a two-hundred day moving average of $1,342.90. Monolithic Power Systems, Inc. has a 12 month low of $800.97 and a 12 month high of $1,714.09. The company has a market cap of $69.59 billion, a price-to-earnings ratio of 86.82 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results 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 business had revenue of $980.64 million for the quarter, compared to analysts’ expectations of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The business’s revenue for the quarter was up 47.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.21 EPS. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 49.05%.

Insider Buying and Selling

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 50 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total value of $71,000.00. Following the completion of the sale, the director directly owned 565 shares of the company’s stock, valued at $802,300. This trade represents a 8.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the transaction, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. This represents a 2.61% 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 three months, insiders sold 13,191 shares of company stock worth $21,807,015. 3.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. TD Cowen lifted their price target 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. Truist Financial increased their price objective on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Wall Street Zen upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Needham & Company LLC lifted their target price on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,705.82.

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.