Pier 88 Investment Partners LLC Raises Stake in Monolithic Power Systems, Inc. $MPWR

Pier 88 Investment Partners LLC increased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 472.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,780 shares of the semiconductor company’s stock after buying an additional 4,770 shares during the period. Monolithic Power Systems accounts for about 1.0% of Pier 88 Investment Partners LLC’s portfolio, making the stock its 25th largest position. Pier 88 Investment Partners LLC’s holdings in Monolithic Power Systems were worth $5,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of MPWR. True Wealth Design LLC grew its position in shares of Monolithic Power Systems by 61.1% during the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after buying an additional 11 shares in the last quarter. SJS Investment Consulting Inc. raised its stake in Monolithic Power Systems by 2,700.0% in the third quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after buying an additional 27 shares in the last quarter. NewSquare Capital LLC lifted its holdings in Monolithic Power Systems by 76.0% during the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after buying an additional 19 shares during the period. Salomon & Ludwin LLC bought a new stake in Monolithic Power Systems during the 3rd quarter valued at $33,000. Finally, Armstrong Advisory Group Inc. increased its holdings in shares of Monolithic Power Systems by 192.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 27 shares during the period. Institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Needham & Company LLC upped their price objective on Monolithic Power Systems from $820.00 to $1,025.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Wells Fargo & Company increased their price target on shares of Monolithic Power Systems from $1,125.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Monday. Stifel Nicolaus lifted their price objective on shares of Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Truist Financial increased their target price on shares of Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Finally, TD Cowen restated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $1,093.75.

Monolithic Power Systems Stock Up 0.4%

MPWR stock opened at $1,068.14 on Tuesday. The stock has a market capitalization of $51.17 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 3.00 and a beta of 1.45. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,123.38. The firm has a 50 day moving average of $956.93 and a 200 day moving average of $908.02.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.62 by $0.11. The business had revenue of $737.18 million during the quarter, compared to analysts’ expectations of $720.66 million. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The business’s quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the company posted $4.06 earnings per share. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Wednesday, December 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 15.93%.

Insider Activity

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $896.97, for a total value of $89,697.00. Following the transaction, the director owned 426 shares in the company, valued at approximately $382,109.22. This represents a 19.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Victor K. Lee sold 600 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $930.86, for a total transaction of $558,516.00. Following the sale, the director owned 27,967 shares of the company’s stock, valued at approximately $26,033,361.62. The trade was a 2.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 69,976 shares of company stock valued at $63,370,417. 3.40% of the stock is owned by insiders.

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.