71 West Capital Partners Invests $311,000 in Monolithic Power Systems, Inc. $MPWR

71 West Capital Partners bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the fourth quarter, Holdings Channel reports. The firm bought 343 shares of the semiconductor company’s stock, valued at approximately $311,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Monolithic Power Systems during the 4th quarter valued at approximately $34,000. 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 worth $35,000 after acquiring an additional 24 shares in the last quarter. Covestor Ltd boosted its position in shares of Monolithic Power Systems by 29.0% during the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 9 shares during the last quarter. Greenline Wealth Management LLC purchased a new position in shares of Monolithic Power Systems in the fourth quarter valued at $38,000. Finally, Torren Management LLC purchased a new position in shares of Monolithic Power Systems in the fourth quarter valued at $49,000. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Stock Down 9.3%

MPWR stock opened at $1,498.77 on Wednesday. Monolithic Power Systems, Inc. has a twelve month low of $671.18 and a twelve month high of $1,714.09. The stock has a market capitalization of $73.63 billion, a price-to-earnings ratio of 108.06, a price-to-earnings-growth ratio of 2.96 and a beta of 1.69. The firm’s fifty day simple moving average is $1,528.55 and its two-hundred day simple moving average is $1,219.57.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.20. The firm had revenue of $804.19 million during the quarter, compared to analyst estimates of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business’s revenue was up 26.1% on a year-over-year basis. During the same quarter last year, the business earned $4.04 EPS. As a group, equities research analysts expect that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Monolithic Power Systems Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently issued reports on MPWR. Raymond James Financial reaffirmed an “outperform” rating and set a $1,800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 1st. Wells Fargo & Company lifted their price objective on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Rosenblatt Securities boosted their target price on shares of Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Finally, Stifel Nicolaus lifted their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,599.17.

Insider Activity

In other news, EVP Maurice Sciammas sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total transaction of $18,736,800.00. Following the transaction, the executive vice president owned 166,644 shares of the company’s stock, valued at approximately $260,197,941.60. This represents a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eugen J. Elmiger sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total value of $19,019,520.00. Following the sale, the director directly owned 5,402 shares of the company’s stock, valued at $8,561,953.92. This represents a 68.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 113,073 shares of company stock valued at $160,875,958. 3.60% of the stock is currently owned by corporate insiders.

About Monolithic Power Systems

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.