Handelsbanken Fonder AB Grows Position in Monolithic Power Systems, Inc. $MPWR

Handelsbanken Fonder AB boosted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 22.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,773 shares of the semiconductor company’s stock after acquiring an additional 6,810 shares during the period. Handelsbanken Fonder AB owned 0.08% of Monolithic Power Systems worth $33,855,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Monolithic Power Systems during the 2nd quarter valued at about $438,014,000. JPMorgan Chase & Co. increased its holdings in shares of 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 during the last quarter. Rakuten Investment Management Inc. purchased a new stake in shares of Monolithic Power Systems in the third quarter worth about $197,260,000. Rafferty Asset Management LLC lifted its position in shares of Monolithic Power Systems by 36.1% in the second quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock worth $386,991,000 after buying an additional 140,269 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Monolithic Power Systems by 2.3% during the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after buying an additional 134,087 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Monolithic Power Systems in a research note on Friday, December 26th. Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. Stifel Nicolaus increased 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 research report on Wednesday, February 4th. Needham & Company LLC boosted their target price on shares of 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. Finally, KeyCorp upped 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 research report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $1,218.42.

Monolithic Power Systems Stock Down 3.2%

MPWR stock opened at $1,142.74 on Friday. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $1,256.22. The stock has a market capitalization of $54.75 billion, a price-to-earnings ratio of 89.70, a price-to-earnings-growth ratio of 2.99 and a beta of 1.45. The firm’s fifty day simple moving average is $1,073.56 and its two-hundred day simple moving average is $976.79.

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

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $2.00 per share. 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%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio is 48.98%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 22,875 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the transaction, the executive vice president owned 235,932 shares of the company’s stock, valued at $276,314,121.12. This represents a 8.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 22,875 shares of the stock in a transaction on Friday, February 6th. The stock was 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 owned 178,625 shares in the company, valued at approximately $209,198,455. The trade was a 11.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 101,550 shares of company stock worth $116,980,720 over the last quarter. 3.40% of the stock is owned by insiders.

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.