Ethic Inc. Purchases 482 Shares of Monolithic Power Systems, Inc. $MPWR

Ethic Inc. lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.3% during the second quarter, Holdings Channel.com reports. The firm owned 7,107 shares of the semiconductor company’s stock after purchasing an additional 482 shares during the period. Ethic Inc.’s holdings in Monolithic Power Systems were worth $9,824,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Corient Private Wealth LLC raised its holdings in Monolithic Power Systems by 3,719.6% during the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock worth $1,855,476,000 after buying an additional 1,993,576 shares during the last quarter. Norges Bank bought a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $658,656,000. Royal Bank of Canada increased its position in shares of Monolithic Power Systems by 168.1% during the first quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock worth $517,557,000 after acquiring an additional 296,788 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Monolithic Power Systems by 25.9% in the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock worth $1,300,345,000 after acquiring an additional 295,556 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Monolithic Power Systems by 56.6% during the 4th quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company’s stock valued at $635,770,000 after purchasing an additional 253,653 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Weiss Ratings lowered Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Truist Financial lifted their target price on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Needham & Company LLC upped their price target on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, Wall Street Zen upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,705.82.

Monolithic Power Systems Stock Up 2.9%

Monolithic Power Systems stock opened at $1,402.01 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $800.97 and a 52 week high of $1,714.09. The company’s 50 day moving average price is $1,394.48 and its two-hundred day moving average price is $1,338.74. The stock has a market cap of $68.90 billion, a P/E ratio of 85.96 and a beta of 1.69.

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

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 annualized dividend and a yield of 0.6%. Monolithic Power Systems’s payout ratio is currently 49.05%.

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Jeff Zhou sold 486 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total value of $816,480.00. Following the completion of the transaction, the director owned 3,800 shares in the company, valued at $6,384,000. This represents a 11.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kuo Wei Herbert Chang sold 50 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $1,420.00, for a total value of $71,000.00. Following the sale, the director directly owned 565 shares of the company’s stock, valued at approximately $802,300. This represents a 8.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,191 shares of company stock worth $21,807,015 over the last 90 days. Company 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.