Whetstone Capital Advisors LLC Invests $823,000 in Monolithic Power Systems, Inc. $MPWR

Whetstone Capital Advisors LLC purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 595 shares of the semiconductor company’s stock, valued at approximately $823,000.

A number of other institutional investors also recently bought and sold shares of MPWR. Royal Fund Management LLC grew its holdings in shares of Monolithic Power Systems by 2.7% during the 1st quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company’s stock worth $289,000 after acquiring an additional 7 shares during the period. Covestor Ltd boosted its position in shares of Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 9 shares in the last quarter. Bell Investment Advisors Inc grew its stake in Monolithic Power Systems by 23.7% in the first quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 9 shares during the period. CENTRAL TRUST Co raised its holdings in Monolithic Power Systems by 1.4% in the first quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company’s stock worth $766,000 after purchasing an additional 10 shares in the last quarter. Finally, KCM Investment Advisors LLC lifted its position in Monolithic Power Systems by 2.2% during the first quarter. KCM Investment Advisors LLC now owns 467 shares of the semiconductor company’s stock valued at $511,000 after buying an additional 10 shares during the period. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Price Performance

MPWR opened at $1,203.75 on Thursday. The firm has a market cap of $59.15 billion, a PE ratio of 73.80 and a beta of 1.66. The stock has a 50-day moving average price of $1,320.47 and a 200-day moving average price of $1,354.22. Monolithic Power Systems, Inc. has a 1 year low of $830.00 and a 1 year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data 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. The business had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. Monolithic Power Systems’s revenue was up 47.6% compared to the same quarter last year. During the same period last year, the business earned $4.21 EPS. As a group, sell-side 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 declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is presently 49.05%.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction on 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 sale, the executive vice president directly owned 1,119 shares of the company’s stock, valued at $1,503,868.86. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 completion of the transaction, the director directly owned 515 shares of the company’s stock, valued at approximately $660,008.55. This trade represents a 8.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 160 shares of company stock worth $215,945. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wall Street Zen raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. KeyCorp lifted their price target on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Weiss Ratings lowered shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 31st. Wells Fargo & Company upped their price objective on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $1,575.00 target price on shares of Monolithic Power Systems in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average target price of $1,731.42.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc (NASDAQ:MPWR) designs, develops and markets high-performance semiconductor solutions, with a focus on power management. Its products help regulate, convert and control electrical power in electronic systems, enabling more efficient operation in applications ranging from computing and communications equipment to automotive, industrial and consumer devices.

The company’s portfolio includes DC-to-DC converters, power modules, battery chargers, power-management integrated circuits, motor drivers, LED drivers, voltage regulators and other analog semiconductor products.