Andra AP fonden Acquires New Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Andra AP fonden bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 23,400 shares of the semiconductor company’s stock, valued at approximately $19,227,000.

Several other hedge funds also recently made changes to their positions in MPWR. Dynamic Advisor Solutions LLC boosted its holdings in Monolithic Power Systems by 3.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after purchasing an additional 12 shares during the period. Baader Bank Aktiengesellschaft grew its position in shares of Monolithic Power Systems by 0.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 1,831 shares of the semiconductor company’s stock worth $1,153,000 after acquiring an additional 14 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Monolithic Power Systems by 23.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 15 shares during the period. Valeo Financial Advisors LLC boosted its stake in Monolithic Power Systems by 2.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 558 shares of the semiconductor company’s stock valued at $458,000 after purchasing an additional 15 shares during the period. Finally, American National Bank raised its holdings in shares of Monolithic Power Systems by 1.5% during the fourth quarter. American National Bank now owns 1,060 shares of the semiconductor company’s stock valued at $669,000 after buying an additional 16 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Up 3.7 %

MPWR opened at $836.01 on Tuesday. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $959.64. The firm has a market capitalization of $40.76 billion, a P/E ratio of 99.64, a PEG ratio of 3.73 and a beta of 1.12. The stock has a fifty day moving average of $854.23 and a 200-day moving average of $766.08.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. The firm had revenue of $507.40 million during the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period last year, the company posted $2.05 EPS. On average, analysts expect that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Friday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 59.59%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Raymond James increased their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. TD Cowen upped their price target on shares of Monolithic Power Systems from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Oppenheimer raised their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. Rosenblatt Securities upped their target price on Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Truist Financial boosted their price objective on Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and an average target price of $912.30.

Insider Activity

In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the completion of the sale, the chief financial officer now directly owns 61,678 shares in the company, valued at $55,769,247.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the transaction, the chief financial officer now owns 61,678 shares of the company’s stock, valued at $55,769,247.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Victor K. Lee sold 1,000 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $820.46, for a total value of $820,460.00. Following the transaction, the director now owns 29,232 shares in the company, valued at $23,983,686.72. The disclosure for this sale can be found here. Insiders have sold a total of 98,299 shares of company stock worth $83,140,933 in the last ninety days. Corporate insiders own 3.20% of the company’s stock.

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.