First National Advisers LLC Takes Position in Monolithic Power Systems, Inc. $MPWR

First National Advisers LLC purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,063 shares of the semiconductor company’s stock, valued at approximately $2,820,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Monolithic Power Systems by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,939,946 shares of the semiconductor company’s stock worth $4,344,358,000 after purchasing an additional 19,277 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Monolithic Power Systems by 36.1% in the second quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock worth $626,592,000 after purchasing an additional 227,159 shares in the last quarter. Bank of America Corp DE increased its holdings in Monolithic Power Systems by 18.0% in the second quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock valued at $506,661,000 after buying an additional 105,721 shares during the last quarter. Norges Bank bought a new position in Monolithic Power Systems during the 2nd quarter worth approximately $438,014,000. Finally, Rafferty Asset Management LLC grew its position in shares of Monolithic Power Systems by 36.1% in the 2nd quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock worth $386,991,000 after acquiring an additional 140,269 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 27,966 shares of the stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $881.66, for a total value of $24,656,503.56. Following the completion of the transaction, the executive vice president owned 148,306 shares in the company, valued at $130,755,467.96. This represents a 15.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Victor K. Lee sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $951.72, for a total transaction of $951,720.00. Following the transaction, the director directly owned 28,567 shares in the company, valued at approximately $27,187,785.24. The trade was a 3.38% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 71,276 shares of company stock worth $64,784,323. 3.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MPWR has been the topic of several research reports. TD Cowen upped their price target on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Wells Fargo & Company increased their target price on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Truist Financial lifted their price target on shares of Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, December 19th. Citigroup boosted their price objective on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, Rosenblatt Securities raised their target price on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,074.58.

Monolithic Power Systems Stock Up 2.3%

Shares of NASDAQ:MPWR opened at $1,033.17 on Friday. The company’s 50-day moving average price is $942.52 and its 200 day moving average price is $893.13. The company has a market cap of $49.50 billion, a PE ratio of 26.38, a P/E/G ratio of 2.86 and a beta of 1.45. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 EPS for the quarter, beating the consensus estimate of $4.62 by $0.11. The company had revenue of $737.18 million for the quarter, compared to analyst estimates of $720.66 million. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. Monolithic Power Systems’s revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the business earned $4.06 earnings per share. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Wednesday, December 31st. Monolithic Power Systems’s payout ratio is 15.93%.

Monolithic Power Systems 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.