Mitsubishi UFJ Asset Management Co. Ltd. Invests $182.56 Million in Monolithic Power Systems, Inc. $MPWR

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 132,064 shares of the semiconductor company’s stock, valued at approximately $182,560,000.

Several other institutional investors and hedge funds have also modified their holdings of MPWR. IFP Advisors Inc raised its stake in Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares in the last quarter. Covestor Ltd grew its position in shares of Monolithic Power Systems by 29.0% during the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 9 shares in the last quarter. Sunbelt Securities Inc. grew its position in shares of Monolithic Power Systems by 233.3% during the 1st quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 28 shares in the last quarter. Greenline Wealth Management LLC acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $38,000. Finally, Essential Partners LLC increased its holdings in shares of Monolithic Power Systems by 30.3% during the first quarter. Essential Partners LLC now owns 43 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 10 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the sale, the executive vice president directly owned 1,119 shares of the company’s stock, valued at $1,503,868.86. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Saria Tseng sold 7,565 shares of Monolithic Power Systems stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the completion of the transaction, the executive vice president owned 144,218 shares in the company, valued at approximately $245,170,600. This represents a 4.98% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 13,191 shares of company stock worth $21,807,015. 3.60% of the stock is currently owned by company insiders.

Monolithic Power Systems Trading Up 1.0%

Shares of Monolithic Power Systems stock opened at $1,415.99 on Tuesday. The company has a market cap of $69.59 billion, a PE ratio of 86.82 and a beta of 1.69. The company has a 50 day moving average of $1,391.62 and a 200-day moving average of $1,342.90. Monolithic Power Systems, Inc. has a 1-year low of $800.97 and a 1-year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The business had revenue of $980.64 million for the quarter, compared to analysts’ expectations of $903.30 million. During the same period last year, the firm posted $4.21 earnings per share. The firm’s quarterly revenue was up 47.6% compared to the same quarter last year. Research analysts forecast that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $2.00 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 49.05%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MPWR shares. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Raymond James Financial restated an “outperform” rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. Weiss Ratings cut Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Wall Street Zen upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,705.82.

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.