iA Global Asset Management Inc. Raises Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

iA Global Asset Management Inc. grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 613.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,532 shares of the semiconductor company’s stock after buying an additional 2,177 shares during the quarter. iA Global Asset Management Inc.’s holdings in Monolithic Power Systems were worth $2,341,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. FMR LLC increased its holdings in Monolithic Power Systems by 11.4% in the 3rd quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock worth $3,253,664,000 after acquiring an additional 361,416 shares in the last quarter. State Street Corp grew its position in shares of Monolithic Power Systems by 2.1% in the third quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company’s stock valued at $1,930,301,000 after purchasing an additional 42,678 shares during the period. Van ECK Associates Corp increased its stake in shares of Monolithic Power Systems by 26.3% during the third quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company’s stock worth $395,715,000 after purchasing an additional 93,362 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Monolithic Power Systems by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 314,264 shares of the semiconductor company’s stock worth $290,537,000 after purchasing an additional 5,645 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in Monolithic Power Systems by 14.3% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 275,979 shares of the semiconductor company’s stock valued at $226,767,000 after buying an additional 34,557 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $589.68 on Monday. The company’s 50-day moving average is $761.58 and its two-hundred day moving average is $812.69. Monolithic Power Systems, Inc. has a 1-year low of $546.71 and a 1-year high of $959.64. The firm has a market capitalization of $28.76 billion, a price-to-earnings ratio of 66.48, a PEG ratio of 2.77 and a beta of 1.05.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The business had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.85%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 56.37%.

Insider Buying and Selling at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total transaction of $2,270,900.00. Following the transaction, the chief financial officer now owns 59,178 shares of the company’s stock, valued at approximately $53,754,928.08. This represents a 4.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $929.59, for a total value of $10,225,490.00. Following the transaction, the executive vice president now owns 103,829 shares of the company’s stock, valued at $96,518,400.11. This trade represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,600 shares of company stock valued at $15,653,021 over the last 90 days. 3.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MPWR shares. Wells Fargo & Company assumed coverage on Monolithic Power Systems in a report on Friday, November 22nd. They set an “equal weight” rating and a $610.00 target price for the company. Truist Financial reissued a “buy” rating and issued a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Stifel Nicolaus lifted their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Oppenheimer reiterated an “outperform” rating and issued a $900.00 target price on shares of Monolithic Power Systems in a research report on Monday, November 11th. Finally, Needham & Company LLC lowered their price target on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $840.36.

Monolithic Power Systems 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.