Monolithic Power Systems, Inc. $MPWR Shares Acquired by Western Financial Corp CA

Western Financial Corp CA increased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 65.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,057 shares of the semiconductor company’s stock after purchasing an additional 418 shares during the period. Western Financial Corp CA’s holdings in Monolithic Power Systems were worth $1,424,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MPWR. BlackRock Inc. bought a new position in Monolithic Power Systems in the 2nd quarter valued at $7,727,289,000. State Street Corp increased its stake in shares of Monolithic Power Systems by 4.3% in the 2nd quarter. State Street Corp now owns 2,282,186 shares of the semiconductor company’s stock valued at $3,159,219,000 after buying an additional 93,732 shares during the period. Corient Private Wealth LLC increased its stake in shares of Monolithic Power Systems by 3,719.6% in the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after buying an additional 1,993,576 shares during the period. Invesco Ltd. raised its position in shares of Monolithic Power Systems by 25.9% during the fourth 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, Van ECK Associates Corp raised its position in shares of Monolithic Power Systems by 42.3% during the second quarter. Van ECK Associates Corp now owns 746,237 shares of the semiconductor company’s stock worth $1,031,568,000 after acquiring an additional 221,666 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction 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 trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of the business’s stock in a transaction dated 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 transaction, the director owned 515 shares of the company’s stock, valued at $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 130 shares of company stock worth $175,397. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MPWR shares. KeyCorp raised their price target on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Arete Research started coverage on Monolithic Power Systems in a report on Thursday, August 20th. They set a “buy” rating and a $2,013.00 price objective for the company. Zacks Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Finally, Needham & Company LLC upped their target price on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Thirteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,735.50.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock traded down $76.44 on Wednesday, hitting $1,243.11. 1,121,267 shares of the company’s stock traded hands, compared to its average volume of 727,726. The firm’s 50-day moving average price is $1,311.99 and its two-hundred day moving average price is $1,389.81. The stock has a market capitalization of $61.09 billion, a PE ratio of 76.22 and a beta of 1.68. Monolithic Power Systems, Inc. has a one year low of $833.18 and a one year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, topping analysts’ consensus estimates of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%. The business had revenue of $980.64 million during the quarter, compared to analysts’ expectations of $903.30 million. During the same period in the previous year, the firm earned $4.21 earnings per share. The firm’s quarterly revenue was up 47.6% compared to the same quarter last year. On average, analysts forecast that Monolithic Power Systems, Inc. will post 23.32 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $8.00 annualized dividend and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is presently 49.05%.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help convert, regulate and control electrical power in electronic systems, with applications spanning computing and storage, automotive, industrial, communications infrastructure, consumer electronics and other markets.

The company’s product portfolio includes power-management integrated circuits, DC-to-DC converters, power modules, battery-charging and management solutions, LED drivers, motor drivers, voltage regulators and related analog and mixed-signal devices.