CoreCap Advisors LLC Grows Stock Position in Monolithic Power Systems, Inc. $MPWR

CoreCap Advisors LLC raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 138.6% during the second quarter, Holdings Channel reports. The institutional investor owned 692 shares of the semiconductor company’s stock after buying an additional 402 shares during the period. CoreCap Advisors LLC’s holdings in Monolithic Power Systems were worth $956,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Royal Fund Management LLC raised its stake in shares of Monolithic Power Systems by 2.7% during the 1st quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company’s stock worth $289,000 after buying an additional 7 shares during the last quarter. Covestor Ltd lifted its position in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 9 shares in the last quarter. Bell Investment Advisors Inc increased its holdings in Monolithic Power Systems by 23.7% in the 1st quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 9 shares in the last quarter. Resonant Capital Advisors LLC increased its position in shares of Monolithic Power Systems by 4.1% during the fourth quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock worth $230,000 after acquiring an additional 10 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its stake in shares of Monolithic Power Systems by 1.4% during the 1st quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company’s stock valued at $766,000 after buying an additional 10 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Weiss Ratings cut Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Wall Street Zen raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Saturday. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, Raymond James Financial reissued an “outperform” rating and set a $1,800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average price target of $1,705.82.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $1,401.54 on Friday. The firm has a market capitalization of $68.86 billion, a P/E ratio of 85.93 and a beta of 1.69. The business has a 50 day simple moving average of $1,414.84 and a 200 day simple moving average of $1,326.92. Monolithic Power Systems, Inc. has a 12-month low of $794.50 and a 12-month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.63. The company had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The company’s revenue for the quarter was up 47.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.21 earnings per share. Research analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $2.00 dividend. The ex-dividend date of this dividend was 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 presently 49.05%.

Insider Activity

In related news, EVP Maurice Sciammas sold 12,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $260,197,941.60. This trade represents a 6.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Saria Tseng sold 7,565 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the transaction, the executive vice president owned 144,218 shares of the company’s stock, valued at approximately $245,170,600. This trade represents a 4.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 25,141 shares of company stock valued at $40,472,815. Company 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.