Mitsubishi UFJ Asset Management Co. Ltd. Increases Position in Monolithic Power Systems, Inc. $MPWR

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 112,332 shares of the semiconductor company’s stock after purchasing an additional 2,398 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Monolithic Power Systems were worth $103,417,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC increased its position in Monolithic Power Systems by 46.0% during the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after buying an additional 200 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Monolithic Power Systems by 3.1% in the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after acquiring an additional 161 shares during the last quarter. D.A. Davidson & CO. bought a new position in shares of Monolithic Power Systems during the second quarter valued at $247,000. Oppenheimer Asset Management Inc. raised its position in shares of Monolithic Power Systems by 16.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,129 shares of the semiconductor company’s stock worth $1,557,000 after purchasing an additional 296 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Monolithic Power Systems by 15.0% in the 2nd quarter. Bessemer Group Inc. now owns 788 shares of the semiconductor company’s stock worth $576,000 after purchasing an additional 103 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 21,725 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $25,443,451.00. Following the transaction, the chief financial officer owned 82,353 shares of the company’s stock, valued at approximately $96,448,539.48. This trade represents a 20.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Deming Xiao sold 22,875 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the sale, the executive vice president directly owned 235,932 shares of the company’s stock, valued at approximately $276,314,121.12. This represents a 8.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 101,550 shares of company stock worth $116,980,720. 3.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MPWR. Citigroup increased their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Truist Financial increased their price target on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a report on Friday, February 6th. Stifel Nicolaus raised their price target on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. KeyCorp upped their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Finally, Needham & Company LLC lifted their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $1,218.42.

Monolithic Power Systems Trading Down 3.2%

Shares of MPWR stock opened at $1,142.74 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,256.22. The firm’s 50 day moving average is $1,073.56 and its 200 day moving average is $976.79. The stock has a market capitalization of $54.75 billion, a P/E ratio of 89.70, a P/E/G ratio of 2.99 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.05. The business had revenue of $751.16 million during the quarter, compared to analyst estimates of $741.69 million. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.09%. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the business earned $4.09 EPS. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 annualized dividend and a yield of 0.7%. Monolithic Power Systems’s payout ratio is 48.98%.

Monolithic Power Systems Company Profile

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.