Jefferies Financial Group Inc. Purchases New Holdings in Monolithic Power Systems, Inc. $MPWR

Jefferies Financial Group Inc. acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,246 shares of the semiconductor company’s stock, valued at approximately $2,068,000.

Other large investors also recently bought and sold shares of the company. True Wealth Design LLC lifted its position in shares of 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 acquiring an additional 11 shares in the last quarter. SJS Investment Consulting Inc. increased its position in shares of Monolithic Power Systems by 2,700.0% during the third quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 27 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of Monolithic Power Systems during the third quarter worth approximately $33,000. Armstrong Advisory Group Inc. raised its stake in Monolithic Power Systems by 192.9% in the 3rd 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 last quarter. Finally, Cornerstone Planning Group LLC raised its stake in Monolithic Power Systems by 542.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 38 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 200 shares of Monolithic Power Systems stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $1,179.97, for a total transaction of $235,994.00. Following the transaction, the executive vice president directly owned 1,299 shares of the company’s stock, valued at $1,532,781.03. The trade was a 13.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 21,725 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total transaction of $25,443,451.00. Following the completion of the transaction, the chief financial officer owned 82,353 shares in the company, valued at $96,448,539.48. The trade was a 20.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 98,550 shares of company stock valued at $114,256,090 in the last quarter. Insiders own 3.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on MPWR shares. Citigroup lifted their target price on shares of Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. KeyCorp increased 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. Stifel Nicolaus raised their price target on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Weiss Ratings lowered shares of Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. Finally, Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus target price of $1,218.42.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $1,071.09 on Thursday. The stock’s fifty day moving average is $1,095.66 and its two-hundred day moving average is $990.91. The firm has a market capitalization of $52.61 billion, a P/E ratio of 84.07, a price-to-earnings-growth ratio of 2.67 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 $1,256.22.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results 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 18.33% and a net margin of 22.07%.The business 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 revenue for the quarter was up 20.8% on a year-over-year basis. As a group, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $2.00 per share. The ex-dividend date is Tuesday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 annualized dividend and a yield of 0.7%. Monolithic Power Systems’s dividend payout ratio (DPR) is 48.98%.

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.