Annis Gardner Whiting Capital Advisors LLC Boosts Stake in Monolithic Power Systems, Inc. $MPWR

Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 745.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 617 shares of the semiconductor company’s stock after purchasing an additional 544 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in Monolithic Power Systems were worth $568,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. True Wealth Design LLC increased its position in Monolithic Power Systems by 61.1% in the third 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. Fortress Financial Solutions LLC grew its stake in shares of Monolithic Power Systems by 1.7% in the 2nd quarter. Fortress Financial Solutions LLC now owns 709 shares of the semiconductor company’s stock worth $518,000 after buying an additional 12 shares in the last quarter. Cromwell Holdings LLC increased its holdings in shares of Monolithic Power Systems by 9.2% in the 3rd quarter. Cromwell Holdings LLC now owns 143 shares of the semiconductor company’s stock worth $132,000 after buying an additional 12 shares during the last quarter. Sagespring Wealth Partners LLC lifted its holdings in shares of Monolithic Power Systems by 2.4% in the 3rd quarter. Sagespring Wealth Partners LLC now owns 512 shares of the semiconductor company’s stock valued at $471,000 after acquiring an additional 12 shares during the last quarter. Finally, Gilbert & Cook Inc. grew its position in Monolithic Power Systems by 2.3% in the second quarter. Gilbert & Cook Inc. now owns 655 shares of the semiconductor company’s stock worth $479,000 after acquiring an additional 15 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Trading Up 1.8%

Shares of MPWR stock opened at $1,183.15 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,185.05. The business’s fifty day simple moving average is $973.76 and its 200-day simple moving average is $914.19. The company has a market cap of $56.68 billion, a PE ratio of 30.21, a PEG ratio of 3.26 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, October 30th. The semiconductor company reported $4.73 EPS for the quarter, topping analysts’ consensus estimates of $4.62 by $0.11. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The company had revenue of $737.18 million during the quarter, compared to analysts’ expectations of $720.66 million. During the same period last year, the business earned $4.06 EPS. Monolithic Power Systems’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $1.56 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $6.24 dividend on an annualized basis and a yield of 0.5%. Monolithic Power Systems’s dividend payout ratio (DPR) is 15.93%.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Saria Tseng sold 20,000 shares of Monolithic Power Systems stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $926.47, for a total transaction of $18,529,400.00. Following the completion of the sale, the executive vice president owned 187,331 shares of the company’s stock, valued at $173,556,551.57. The trade was a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Victor K. Lee sold 600 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $930.86, for a total transaction of $558,516.00. Following the completion of the transaction, the director owned 27,967 shares in the company, valued at approximately $26,033,361.62. This trade represents a 2.10% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 69,976 shares of company stock worth $63,370,417. 3.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of recent research reports. Stifel Nicolaus upped their price objective on Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Citigroup raised their price target on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Rosenblatt Securities increased their target price on Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Finally, Truist Financial raised their target price on shares of Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $1,135.42.

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.