Kingsview Wealth Management LLC Takes $1.49 Million Position in Monolithic Power Systems, Inc. $MPWR

Kingsview Wealth Management LLC acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,075 shares of the semiconductor company’s stock, valued at approximately $1,486,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Beacon Pointe Advisors LLC bought a new position in Monolithic Power Systems in the second quarter valued at $1,467,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Monolithic Power Systems during the second quarter worth about $408,000. Rakuten Investment Management Inc. bought a new stake in Monolithic Power Systems during the second quarter worth about $23,684,000. Empowered Funds LLC bought a new stake in Monolithic Power Systems during the second quarter worth about $49,350,000. Finally, United Capital Financial Advisors LLC purchased a new position in shares of Monolithic Power Systems in the 2nd quarter worth about $2,230,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Down 4.2%

NASDAQ:MPWR opened at $1,256.26 on Friday. The stock has a market cap of $61.74 billion, a P/E ratio of 77.02 and a beta of 1.69. The firm’s fifty day simple moving average is $1,348.06 and its 200 day simple moving average is $1,350.23. Monolithic Power Systems, Inc. has a twelve month low of $800.97 and a twelve month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, topping the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The business had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. During the same period in the prior year, the business earned $4.21 EPS. The company’s revenue for the quarter was up 47.6% on a year-over-year basis. On average, analysts expect that Monolithic Power Systems, Inc. will post 23.35 EPS 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 paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is presently 49.05%.

Analyst Ratings Changes

Several brokerages have recently commented on MPWR. 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 report on Friday, July 31st. Needham & Company LLC upped their target price on 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. 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. Rosenblatt Securities reissued a “neutral” rating and set a $1,575.00 price target on shares of Monolithic Power Systems in a research note on Friday, July 31st. Finally, Wall Street Zen upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,731.42.

Insider Activity

In other news, Director Kuo Wei Herbert Chang sold 50 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the completion of the transaction, the director owned 515 shares of the company’s stock, valued at approximately $660,008.55. This represents a 8.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the completion of the transaction, the executive vice president owned 1,119 shares of the company’s stock, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 190 shares of company stock valued at $261,964 over the last 90 days. 3.60% of the stock is currently owned by company insiders.

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.