Global X Japan Co. Ltd. Raises Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Global X Japan Co. Ltd. grew its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 45.8% during the fourth quarter, Holdings Channel reports. The firm owned 4,006 shares of the semiconductor company’s stock after acquiring an additional 1,259 shares during the period. Global X Japan Co. Ltd.’s holdings in Monolithic Power Systems were worth $3,631,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of MPWR. True Wealth Design LLC boosted its position in Monolithic Power Systems by 61.1% in the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 11 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake in Monolithic Power Systems by 2,700.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 27 shares during the period. Salomon & Ludwin LLC purchased a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at $33,000. IFP Advisors Inc raised its holdings in shares of Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares during the last quarter. Finally, Armstrong Advisory Group Inc. lifted its position in Monolithic Power Systems by 192.9% during the third quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 27 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of $1,095.07, for a total value of $32,852.10. Following the transaction, the executive vice president directly owned 1,269 shares of the company’s stock, valued at $1,389,643.83. This trade represents a 2.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Victor K. Lee sold 400 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $1,212.16, for a total value of $484,864.00. Following the completion of the transaction, the director directly owned 27,756 shares in the company, valued at approximately $33,644,712.96. The trade was a 1.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 97,580 shares of company stock valued at $113,337,222. 3.40% of the stock is owned by company insiders.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $1,058.28 on Friday. The company has a 50 day simple moving average of $1,119.63 and a 200-day simple moving average of $1,007.45. The company has a market capitalization of $51.98 billion, a P/E ratio of 83.07, a P/E/G ratio of 2.83 and a beta of 1.45. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $1,256.22.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.05. The business had revenue of $751.16 million during the quarter, compared to analysts’ expectations of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The company’s revenue was up 20.8% compared to the same quarter last year. During the same period in the prior year, the business posted $4.09 EPS. As a group, research analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $2.00 per share. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 31st. Monolithic Power Systems’s dividend payout ratio is currently 62.79%.

Analyst Ratings Changes

MPWR has been the subject of several recent research reports. KeyCorp lifted their target price on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Stifel Nicolaus increased their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Rosenblatt Securities upped their target price on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Truist Financial raised their price target on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Finally, Citigroup upped 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 note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus target price of $1,218.42.

About Monolithic Power Systems

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.