Monolithic Power Systems, Inc. $MPWR Shares Bought by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 11.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,235 shares of the semiconductor company’s stock after buying an additional 536 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Monolithic Power Systems were worth $5,724,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Monolithic Power Systems by 46.0% during the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after acquiring an additional 200 shares during the last quarter. Empowered Funds LLC increased its position in Monolithic Power Systems by 3.1% during the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after purchasing an additional 161 shares during the last quarter. NewEdge Advisors LLC increased its position in Monolithic Power Systems by 3.5% during the second quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock worth $6,863,000 after purchasing an additional 314 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in Monolithic Power Systems by 35.2% during the second quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock worth $26,175,000 after purchasing an additional 9,315 shares during the period. Finally, Globeflex Capital L P purchased a new position in Monolithic Power Systems during the second quarter worth about $347,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $1,291.38 on Tuesday. The stock has a market capitalization of $63.45 billion, a P/E ratio of 93.11, a price-to-earnings-growth ratio of 2.42 and a beta of 1.71. The company has a 50 day moving average price of $1,507.56 and a 200 day moving average price of $1,277.68. Monolithic Power Systems, Inc. has a fifty-two week low of $686.87 and a fifty-two week high of $1,714.09.

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

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 57.68%.

Insiders Place Their Bets

In related news, EVP Saria Tseng sold 7,565 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the completion of the transaction, the executive vice president directly owned 144,218 shares in the company, valued at approximately $245,170,600. This trade represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1,351.61, for a total value of $40,548.30. Following the transaction, the executive vice president directly owned 1,149 shares of the company’s stock, valued at $1,552,999.89. The trade was a 2.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 69,370 shares of company stock valued at $112,702,503. 3.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on MPWR. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. KeyCorp upped their price objective on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Raymond James Financial reiterated an “outperform” rating and issued a $1,800.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 1st. Finally, Rosenblatt Securities increased their price objective on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,599.17.

Monolithic Power Systems 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.