Schroder Investment Management Group Increases Stake in Monolithic Power Systems, Inc. $MPWR

Schroder Investment Management Group grew its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,433 shares of the semiconductor company’s stock after purchasing an additional 1,083 shares during the period. Schroder Investment Management Group owned about 0.05% of Monolithic Power Systems worth $22,494,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Penserra Capital Management LLC raised its position in shares of Monolithic Power Systems by 88.9% in the third quarter. Penserra Capital Management LLC now owns 2,191 shares of the semiconductor company’s stock worth $2,016,000 after acquiring an additional 1,031 shares during the period. AE Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems during the 3rd quarter valued at about $1,121,000. Candriam S.C.A. increased its stake in shares of Monolithic Power Systems by 6.9% in the 3rd quarter. Candriam S.C.A. now owns 85,907 shares of the semiconductor company’s stock valued at $79,089,000 after purchasing an additional 5,561 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Monolithic Power Systems by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after purchasing an additional 134,087 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Monolithic Power Systems by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock worth $794,723,000 after purchasing an additional 6,503 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on MPWR shares. Stifel Nicolaus increased their price target on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Rosenblatt Securities increased their target price on Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Needham & Company LLC lifted their price target on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, Wells Fargo & Company boosted their price target on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. One research 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. According to data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,218.42.

Monolithic Power Systems Trading Down 3.5%

NASDAQ:MPWR opened at $1,033.88 on Friday. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $1,256.22. The stock has a 50 day moving average of $1,098.21 and a two-hundred day moving average of $991.21. The firm has a market cap of $50.78 billion, a P/E ratio of 81.15, a price-to-earnings-growth ratio of 2.71 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.05. The business had revenue of $751.16 million during the quarter, compared to analysts’ expectations of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The business’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.09 earnings per share. On average, research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share 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 paid a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $8.00 annualized dividend and a yield of 0.8%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio is currently 48.98%.

Insider Buying and Selling

In other Monolithic Power Systems news, Director Victor K. Lee sold 1,000 shares of Monolithic Power Systems stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $951.72, for a total transaction of $951,720.00. Following the sale, the director owned 28,567 shares of the company’s stock, valued at $27,187,785.24. The trade was a 3.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Theodore Blegen sold 21,725 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 transaction of $25,443,451.00. Following the sale, the chief financial officer directly owned 82,353 shares of the company’s stock, valued at $96,448,539.48. The trade was a 20.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 98,550 shares of company stock worth $114,256,090 in the last ninety days. Company insiders own 3.40% of the company’s stock.

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.