Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $4.26 Million Holdings in Monolithic Power Systems, Inc. $MPWR

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 12.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,699 shares of the semiconductor company’s stock after purchasing an additional 522 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Monolithic Power Systems were worth $4,259,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MPWR. SJS Investment Consulting Inc. increased its holdings 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 during the last quarter. True Wealth Design LLC increased its stake 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 purchasing an additional 11 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in shares of Monolithic Power Systems during the 3rd quarter worth $33,000. IFP Advisors Inc raised its holdings in shares of Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares in the last quarter. Finally, Armstrong Advisory Group Inc. raised its holdings in shares of Monolithic Power Systems by 192.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 27 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $1,118.49 on Friday. The company has a market capitalization of $54.94 billion, a PE ratio of 87.79, a price-to-earnings-growth ratio of 2.83 and a beta of 1.48. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,256.22. The company’s fifty day moving average price is $1,122.31 and its 200 day moving average price is $1,015.33.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.74 by $0.05. The company had revenue of $751.16 million during the quarter, compared to analysts’ expectations of $741.69 million. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the prior year, the company earned $4.09 earnings per share. Analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio is currently 62.79%.

Insider Activity

In other news, EVP Saria Tseng sold 25,674 shares of the company’s stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $1,010.50, for a total transaction of $25,943,577.00. Following the completion of the transaction, the executive vice president directly owned 174,982 shares in the company, valued at $176,819,311. The trade was a 12.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Victor K. Lee sold 400 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $1,212.16, for a total value of $484,864.00. Following the completion of the sale, the director directly owned 27,756 shares of the company’s stock, valued at $33,644,712.96. This represents a 1.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 119,654 shares of company stock worth $135,900,873 over the last 90 days. Company insiders own 3.40% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the subject of a number of recent research reports. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Rosenblatt Securities boosted their price target on Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Wells Fargo & Company upped their price target on Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Weiss Ratings lowered Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Finally, Citigroup raised their price objective on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,218.42.

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.