Harvest Fund Management Co. Ltd Raises Stock Position in Monolithic Power Systems, Inc. $MPWR

Harvest Fund Management Co. Ltd increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 12.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,946 shares of the semiconductor company’s stock after acquiring an additional 1,008 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Monolithic Power Systems were worth $8,222,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Prudential PLC grew its holdings in Monolithic Power Systems by 32.7% in the third quarter. Prudential PLC now owns 3,001 shares of the semiconductor company’s stock worth $2,763,000 after purchasing an additional 740 shares during the last quarter. Comerica Bank lifted its holdings in shares of Monolithic Power Systems by 10.1% during the 3rd quarter. Comerica Bank now owns 10,906 shares of the semiconductor company’s stock valued at $10,040,000 after purchasing an additional 1,000 shares during the last quarter. Nicolet Advisory Services LLC lifted its holdings in shares of Monolithic Power Systems by 6.0% during the 3rd quarter. Nicolet Advisory Services LLC now owns 1,296 shares of the semiconductor company’s stock valued at $1,225,000 after purchasing an additional 73 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Monolithic Power Systems by 53.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 246 shares of the semiconductor company’s stock worth $226,000 after purchasing an additional 86 shares in the last quarter. Finally, Pathstone Holdings LLC boosted its position in shares of Monolithic Power Systems by 2.9% in the 3rd quarter. Pathstone Holdings LLC now owns 12,428 shares of the semiconductor company’s stock worth $11,443,000 after purchasing an additional 354 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MPWR shares. 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 research report on Friday, February 6th. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. Weiss Ratings lowered Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $1,300.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,218.42.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Deming Xiao sold 22,875 shares of Monolithic Power Systems 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 sale, the executive vice president directly owned 235,932 shares in the company, valued at approximately $276,314,121.12. The trade was a 8.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 22,875 shares of the company’s stock in a transaction 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 sale, the executive vice president directly owned 178,625 shares in the company, valued at $209,198,455. This trade represents a 11.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 98,550 shares of company stock worth $114,256,090 in the last quarter. 3.40% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $1,052.59 on Friday. The business has a fifty day moving average of $1,100.53 and a 200 day moving average of $992.70. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $1,256.22. The firm has a market capitalization of $51.70 billion, a price-to-earnings ratio of 82.62, a price-to-earnings-growth ratio of 2.62 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $741.69 million. During the same quarter in the previous year, the business earned $4.09 EPS. The company’s quarterly revenue 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 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $2.00 dividend. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, March 31st. Monolithic Power Systems’s payout ratio is currently 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.