Left Brain Wealth Management LLC Buys New Shares in Monolithic Power Systems, Inc. $MPWR

Left Brain Wealth Management LLC purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 770 shares of the semiconductor company’s stock, valued at approximately $709,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sunpointe LLC acquired a new position in shares of Monolithic Power Systems during the third quarter valued at about $2,455,000. Consolidated Portfolio Review Corp increased its stake in Monolithic Power Systems by 4.6% during the third quarter. Consolidated Portfolio Review Corp now owns 317 shares of the semiconductor company’s stock valued at $292,000 after acquiring an additional 14 shares during the period. Alpha Family Trust acquired a new position in Monolithic Power Systems in the 3rd quarter valued at approximately $216,000. Dimensional Fund Advisors LP lifted its position in shares of Monolithic Power Systems by 4.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 156,577 shares of the semiconductor company’s stock worth $144,113,000 after acquiring an additional 6,216 shares during the period. Finally, Cresset Asset Management LLC grew its holdings in shares of Monolithic Power Systems by 84.1% during the 3rd quarter. Cresset Asset Management LLC now owns 981 shares of the semiconductor company’s stock worth $905,000 after purchasing an additional 448 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MPWR. KeyCorp upped their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a report on Friday, February 6th. Wells Fargo & Company increased their price objective on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Finally, Truist Financial upped their target price on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and an average target price of $1,218.42.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 200 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $1,179.97, for a total transaction of $235,994.00. Following the sale, the executive vice president directly owned 1,299 shares of the company’s stock, valued at $1,532,781.03. This represents a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Victor K. Lee sold 400 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $1,212.16, for a total transaction of $484,864.00. Following the completion of the transaction, the director owned 27,756 shares of the company’s stock, valued at $33,644,712.96. This trade represents a 1.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 98,550 shares of company stock worth $114,256,090. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Price Performance

MPWR stock opened at $1,078.44 on Friday. The business has a fifty day moving average price of $1,085.55 and a 200 day moving average price of $983.85. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,256.22. The stock has a market capitalization of $52.97 billion, a price-to-earnings ratio of 84.65, a P/E/G ratio of 2.78 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.05. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The company had revenue of $751.16 million for the quarter, compared to analyst estimates of $741.69 million. During the same quarter in the previous year, the firm earned $4.09 earnings per share. The business’s revenue was up 20.8% on a year-over-year basis. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s payout ratio is currently 48.98%.

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.