Icon Wealth Advisors LLC Has $1.52 Million Stock Position in Monolithic Power Systems, Inc. $MPWR

Icon Wealth Advisors LLC raised its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 27.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,671 shares of the semiconductor company’s stock after purchasing an additional 365 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Monolithic Power Systems were worth $1,515,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Monolithic Power Systems by 2.3% during the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after purchasing an additional 134,087 shares in the last quarter. First Trust Advisors LP boosted its holdings in Monolithic Power Systems by 66.4% during the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock valued at $412,263,000 after purchasing an additional 178,622 shares in the last quarter. AIA Group Ltd acquired a new stake in Monolithic Power Systems during the third quarter valued at approximately $1,459,000. Merit Financial Group LLC boosted its holdings in Monolithic Power Systems by 183.9% during the fourth quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock valued at $2,499,000 after purchasing an additional 1,786 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Monolithic Power Systems by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock valued at $794,723,000 after purchasing an additional 6,503 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Zacks Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Needham & Company LLC boosted their target price on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Weiss Ratings downgraded Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 28th. Finally, Stifel Nicolaus boosted their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,599.17.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, Director Jeff Zhou sold 1,014 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,587.06, for a total value of $1,609,278.84. Following the transaction, the director directly owned 4,786 shares in the company, valued at approximately $7,595,669.16. This trade represents a 17.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the sale, the executive vice president owned 166,644 shares of the company’s stock, valued at approximately $260,197,941.60. The trade was a 6.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 113,073 shares of company stock worth $160,875,958 over the last ninety days. 3.60% of the stock is currently owned by insiders.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $1,577.32 on Monday. The company has a market capitalization of $77.49 billion, a P/E ratio of 113.72, a PEG ratio of 2.82 and a beta of 1.69. Monolithic Power Systems, Inc. has a one year low of $150.68 and a one year high of $1,714.09. The business’s 50 day simple moving average is $1,510.26 and its 200-day simple moving average is $1,210.29.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, topping the consensus estimate of $4.90 by $0.20. The business had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.Monolithic Power Systems’s revenue was up 26.1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.04 EPS. On average, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, June 30th. Monolithic Power Systems’s payout ratio is 57.68%.

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.