Tredje AP fonden Reduces Holdings in Monolithic Power Systems, Inc. $MPWR

Tredje AP fonden lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 28.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,543 shares of the semiconductor company’s stock after selling 1,806 shares during the period. Tredje AP fonden’s holdings in Monolithic Power Systems were worth $4,182,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Stevens Capital Management LP lifted its stake in shares of Monolithic Power Systems by 139.4% in the third quarter. Stevens Capital Management LP now owns 668 shares of the semiconductor company’s stock worth $615,000 after buying an additional 389 shares in the last quarter. Raiffeisen Bank International AG raised its holdings in Monolithic Power Systems by 100.2% in the 3rd quarter. Raiffeisen Bank International AG now owns 2,318 shares of the semiconductor company’s stock valued at $2,055,000 after acquiring an additional 1,160 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Monolithic Power Systems in the 3rd quarter worth approximately $3,846,000. Bridgewater Advisors Inc. purchased a new position in Monolithic Power Systems in the 3rd quarter worth approximately $217,000. Finally, Prakash Investment Advisors LLC acquired a new position in shares of Monolithic Power Systems during the 3rd quarter worth approximately $276,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In related news, EVP Deming Xiao sold 22,875 shares of the 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 completion of the transaction, the executive vice president owned 235,932 shares of the company’s stock, valued at approximately $276,314,121.12. This trade represents a 8.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Saria Tseng sold 22,875 shares of the business’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 $26,790,285.00. Following the completion of the sale, the executive vice president directly owned 200,626 shares in the company, valued at approximately $234,965,146.16. The trade was a 10.23% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 125,626 shares of company stock worth $139,159,251. 3.40% of the stock is owned by company insiders.

Analyst Ratings Changes

MPWR has been the subject of several recent research reports. Stifel Nicolaus increased their price target 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. KeyCorp upped their target price on 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. Truist Financial lifted their price target on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Citigroup boosted their price target 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. Finally, Needham & Company LLC upped their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $1,218.42.

Monolithic Power Systems Stock Up 2.5%

Shares of Monolithic Power Systems stock opened at $1,204.10 on Friday. The firm has a market cap of $57.69 billion, a PE ratio of 94.51, a price-to-earnings-growth ratio of 3.05 and a beta of 1.45. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,250.00. The business’s fifty day simple moving average is $1,047.98 and its 200-day simple moving average is $964.37.

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

Monolithic Power Systems Increases Dividend

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