Whalen Wealth Management Inc. Buys Shares of 590 Monolithic Power Systems, Inc. $MPWR

Whalen Wealth Management Inc. purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 590 shares of the semiconductor company’s stock, valued at approximately $816,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IFP Advisors Inc raised its stake in Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares during the period. Covestor Ltd increased its holdings in shares of Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 9 shares in the last quarter. Danske Bank A S acquired a new stake in shares of Monolithic Power Systems during the second quarter worth about $36,000. Greenline Wealth Management LLC bought a new position in shares of Monolithic Power Systems during the 4th quarter valued at about $38,000. Finally, Sunbelt Securities Inc. grew its position in shares of Monolithic Power Systems by 233.3% in the 1st quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity

In related news, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Herbert Chang sold 50 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total value of $71,000.00. Following the sale, the director owned 565 shares in the company, valued at $802,300. The trade was a 8.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,705 shares of company stock worth $13,058,385 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Down 2.4%

Shares of MPWR stock opened at $1,285.03 on Tuesday. Monolithic Power Systems, Inc. has a 12 month low of $800.97 and a 12 month high of $1,714.09. The company’s fifty day simple moving average is $1,366.04 and its 200-day simple moving average is $1,348.10. The firm has a market cap of $63.15 billion, a PE ratio of 78.79 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $903.30 million. During the same quarter last year, the firm earned $4.21 earnings per share. The firm’s revenue for the quarter was up 47.6% compared to the same quarter last year. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $2.00 dividend. The ex-dividend date 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 (DPR) is presently 49.05%.

Analyst Ratings Changes

Several brokerages have commented on MPWR. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. KeyCorp raised their price objective on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $1,575.00 price objective on shares of Monolithic Power Systems in a research report on Friday, July 31st. Oppenheimer set a $1,700.00 target price on Monolithic Power Systems in a report on Friday, May 1st. Finally, Arete Research set a $2,013.00 price target on Monolithic Power Systems and gave the company a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,731.42.

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.