Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Holdings Lifted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,478 shares of the semiconductor company’s stock after acquiring an additional 153 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Monolithic Power Systems were worth $18,007,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its position in shares of Monolithic Power Systems by 25.8% in the first quarter. Nordea Investment Management AB now owns 3,759 shares of the semiconductor company’s stock worth $2,566,000 after purchasing an additional 771 shares in the last quarter. Jennison Associates LLC increased its stake in Monolithic Power Systems by 36.0% in the 1st quarter. Jennison Associates LLC now owns 707 shares of the semiconductor company’s stock valued at $479,000 after buying an additional 187 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position in Monolithic Power Systems by 48.4% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 917 shares of the semiconductor company’s stock worth $621,000 after buying an additional 299 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of Monolithic Power Systems by 96.2% during the 1st quarter. GSA Capital Partners LLP now owns 732 shares of the semiconductor company’s stock valued at $496,000 after buying an additional 359 shares during the period. Finally, Mediolanum International Funds Ltd purchased a new position in shares of Monolithic Power Systems during the 1st quarter valued at $5,161,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MPWR shares. Truist Financial reiterated a “buy” rating and set a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. TD Cowen reduced their price target on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Rosenblatt Securities lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. KeyCorp boosted their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Stifel Nicolaus raised their price target on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $942.40.

Monolithic Power Systems Price Performance

MPWR stock opened at $762.97 on Wednesday. The stock has a market capitalization of $37.20 billion, a price-to-earnings ratio of 86.02, a price-to-earnings-growth ratio of 3.53 and a beta of 1.15. The company has a 50-day moving average of $890.49 and a two-hundred day moving average of $827.12. Monolithic Power Systems, Inc. has a 52-week low of $480.43 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.05). The business had revenue of $620.12 million for the quarter, compared to the consensus estimate of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. Equities analysts expect that Monolithic Power Systems, Inc. will post 10.36 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 56.37%.

Insider Activity at Monolithic Power Systems

In other news, EVP Deming Xiao sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the transaction, the executive vice president now owns 29,714 shares in the company, valued at approximately $28,228,300. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Deming Xiao sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the sale, the executive vice president now directly owns 29,714 shares in the company, valued at approximately $28,228,300. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $772.96, for a total value of $1,932,400.00. Following the completion of the transaction, the chief financial officer now directly owns 56,678 shares of the company’s stock, valued at approximately $43,809,826.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,136 shares of company stock worth $38,392,353 in the last ninety days. 3.70% of the stock is currently owned by insiders.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.