Monolithic Power Systems, Inc. $MPWR Shares Bought by Torray Investment Partners LLC

by · The Cerbat Gem

Torray Investment Partners LLC raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 29.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,957 shares of the semiconductor company’s stock after purchasing an additional 903 shares during the period. Torray Investment Partners LLC’s holdings in Monolithic Power Systems were worth $3,643,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MPWR. Brighton Jones LLC increased its holdings in Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after buying an additional 200 shares during the last quarter. Focus Partners Advisor Solutions LLC acquired a new position in shares of Monolithic Power Systems in the 1st quarter worth approximately $207,000. EP Wealth Advisors LLC increased its holdings in shares of Monolithic Power Systems by 5.3% in the 1st quarter. EP Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock valued at $289,000 after acquiring an additional 25 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Monolithic Power Systems by 2.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,721 shares of the semiconductor company’s stock valued at $998,000 after acquiring an additional 49 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Monolithic Power Systems by 36.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,351 shares of the semiconductor company’s stock valued at $13,541,000 after acquiring an additional 6,217 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on MPWR shares. Stifel Nicolaus lifted their price objective on shares of Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Citigroup lifted their price target on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Needham & Company LLC boosted their price objective on shares of Monolithic Power Systems from $820.00 to $1,025.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Wolfe Research set a $1,200.00 target price on shares of Monolithic Power Systems and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Monolithic Power Systems in a research note on Friday, December 26th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,074.58.

Check Out Our Latest Stock Report on MPWR

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $955.03 on Tuesday. The firm has a market capitalization of $45.75 billion, a P/E ratio of 24.39, a P/E/G ratio of 2.66 and a beta of 1.45. The company has a 50-day simple moving average of $948.36 and a 200-day simple moving average of $878.68. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) last posted its earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $737.18 million during the quarter, compared to analyst estimates of $720.66 million. During the same period in the previous year, the business posted $4.06 EPS. Monolithic Power Systems’s revenue was up 18.9% on a year-over-year basis. As a group, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Monolithic Power Systems’s dividend payout ratio is 15.93%.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 27,966 shares of Monolithic Power Systems stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $881.66, for a total transaction of $24,656,503.56. Following the sale, the executive vice president owned 148,306 shares of the company’s stock, valued at $130,755,467.96. The trade was a 15.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Victor K. Lee sold 1,000 shares of the business’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $951.72, for a total value of $951,720.00. Following the transaction, the director owned 28,567 shares of the company’s stock, valued at $27,187,785.24. This trade represents a 3.38% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 84,516 shares of company stock valued at $78,543,695. 3.40% of the stock is owned by corporate insiders.

About Monolithic Power Systems

(Free Report)

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.

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