Bleakley Financial Group LLC Makes New Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Posted by Defense World Staff on May 8th, 2023

Bleakley Financial Group LLC acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Rating) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,276 shares of the semiconductor company’s stock, valued at approximately $451,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of MPWR. Guardian Wealth Advisors LLC acquired a new position in shares of Monolithic Power Systems in the 3rd quarter worth approximately $27,000. Achmea Investment Management B.V. acquired a new position in shares of Monolithic Power Systems in the 1st quarter worth approximately $27,000. Trifecta Capital Advisors LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV grew its position in shares of Monolithic Power Systems by 40.0% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 105 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 30 shares in the last quarter. Finally, AlphaCentric Advisors LLC acquired a new position in shares of Monolithic Power Systems in the 3rd quarter worth approximately $40,000. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Credit Suisse Group lifted their target price on Monolithic Power Systems from $475.00 to $580.00 and gave the stock an “outperform” rating in a research report on Thursday, February 9th. TD Cowen reduced their price objective on Monolithic Power Systems from $550.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday. Rosenblatt Securities restated a “buy” rating and set a $620.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, February 9th. Wells Fargo & Company reduced their price objective on Monolithic Power Systems from $525.00 to $510.00 in a research report on Friday. Finally, Needham & Company LLC reduced their price objective on Monolithic Power Systems from $525.00 to $500.00 in a research report on Friday. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average price target of $522.67.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $411.27 on Monday. Monolithic Power Systems, Inc. has a 1 year low of $301.69 and a 1 year high of $541.39. The stock has a fifty day moving average of $479.94 and a two-hundred day moving average of $424.70. The firm has a market capitalization of $19.49 billion, a PE ratio of 42.62, a price-to-earnings-growth ratio of 1.59 and a beta of 1.13.

Monolithic Power Systems (NASDAQ:MPWR – Get Rating) last announced its quarterly earnings results on Wednesday, February 8th. The semiconductor company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.02. Monolithic Power Systems had a return on equity of 31.15% and a net margin of 25.06%. The company had revenue of $460.01 million during the quarter, compared to analyst estimates of $459.94 million. Equities research analysts predict that Monolithic Power Systems, Inc. will post 10.34 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 31st were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Thursday, March 30th. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.75. Monolithic Power Systems’s payout ratio is currently 41.45%.

Insider Transactions at Monolithic Power Systems

In other news, CEO Michael Hsing sold 22,483 shares of the business’s stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $462.41, for a total value of $10,396,364.03. Following the sale, the chief executive officer now owns 1,067,449 shares of the company’s stock, valued at approximately $493,599,092.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Deming Xiao sold 991 shares of the business’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $459.60, for a total value of $455,463.60. Following the sale, the insider now owns 273,409 shares of the company’s stock, valued at approximately $125,658,776.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Hsing sold 22,483 shares of the business’s stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $462.41, for a total value of $10,396,364.03. Following the completion of the sale, the chief executive officer now directly owns 1,067,449 shares in the company, valued at approximately $493,599,092.09. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,005 shares of company stock valued at $46,075,819. Corporate insiders own 2.00% of the company’s stock.

Monolithic Power Systems Profile

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Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, and consumer applications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.