Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank increased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.2% in the first quarter, HoldingsChannel.com reports. The firm owned 29,430 shares of the semiconductor company’s stock after acquiring an additional 350 shares during the quarter. Toronto Dominion Bank’s holdings in Monolithic Power Systems were worth $19,936,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Monolithic Power Systems by 19.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock valued at $37,583,000 after buying an additional 9,125 shares in the last quarter. Weiss Asset Management LP purchased a new position in Monolithic Power Systems in the 4th quarter valued at approximately $1,899,000. Cim LLC acquired a new position in Monolithic Power Systems during the fourth quarter worth $2,197,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Monolithic Power Systems by 4.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 115,098 shares of the semiconductor company’s stock worth $77,970,000 after purchasing an additional 5,335 shares during the last quarter. Finally, Zevenbergen Capital Investments LLC raised its holdings in Monolithic Power Systems by 3.0% during the fourth quarter. Zevenbergen Capital Investments LLC now owns 53,118 shares of the semiconductor company’s stock worth $33,506,000 after purchasing an additional 1,560 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity

In other news, Director Kuo Wei Herbert Chang sold 200 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $735.00, for a total value of $147,000.00. Following the completion of the sale, the director now owns 941 shares of the company’s stock, valued at $691,635. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Kuo Wei Herbert Chang sold 200 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $735.00, for a total value of $147,000.00. Following the completion of the sale, the director now owns 941 shares of the company’s stock, valued at $691,635. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Theodore Blegen sold 2,580 shares of Monolithic Power Systems stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $831.58, for a total value of $2,145,476.40. Following the completion of the sale, the chief financial officer now directly owns 67,406 shares of the company’s stock, valued at approximately $56,053,481.48. The disclosure for this sale can be found here. Insiders sold a total of 96,709 shares of company stock valued at $75,968,818 over the last quarter. Company insiders own 3.20% of the company’s stock.

Monolithic Power Systems Trading Up 4.0 %

Shares of NASDAQ MPWR traded up $31.88 during trading on Friday, reaching $821.78. The company had a trading volume of 627,371 shares, compared to its average volume of 495,650. Monolithic Power Systems, Inc. has a twelve month low of $392.10 and a twelve month high of $891.67. The stock has a market capitalization of $40.00 billion, a PE ratio of 97.95, a price-to-earnings-growth ratio of 3.95 and a beta of 1.11. The stock has a 50-day moving average price of $804.78 and a two-hundred day moving average price of $719.50.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The company had revenue of $457.89 million during the quarter, compared to analysts’ expectations of $447.76 million. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. On average, sell-side analysts predict that Monolithic Power Systems, Inc. will post 10.37 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Friday, June 28th. Monolithic Power Systems’s dividend payout ratio is currently 59.59%.

Analyst Ratings Changes

MPWR has been the subject of several research reports. Oppenheimer lifted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. KeyCorp lifted their price objective on Monolithic Power Systems from $850.00 to $975.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Thursday, May 2nd. Truist Financial lifted their price objective on Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Wells Fargo & Company lifted their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $806.13.

About Monolithic Power Systems

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.