Nisa Investment Advisors LLC Purchases 2,044 Shares of Monolithic Power Systems, Inc. $MPWR

Nisa Investment Advisors LLC raised its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 12.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,850 shares of the semiconductor company’s stock after acquiring an additional 2,044 shares during the period. Nisa Investment Advisors LLC’s holdings in Monolithic Power Systems were worth $16,206,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MPWR. True Wealth Design LLC lifted its holdings in shares of Monolithic Power Systems by 61.1% in the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 11 shares during the last quarter. SJS Investment Consulting Inc. grew its holdings in shares of Monolithic Power Systems by 2,700.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 27 shares during the last quarter. Salomon & Ludwin LLC bought a new position in shares of Monolithic Power Systems during the 3rd quarter valued at $33,000. IFP Advisors Inc raised its position in Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares during the period. Finally, Armstrong Advisory Group Inc. raised its position 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 worth $38,000 after purchasing an additional 27 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MPWR has been the subject of several analyst reports. Truist Financial upped their price target on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a research report on Friday, February 6th. KeyCorp lifted their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Rosenblatt Securities boosted their target price on Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. Finally, Wells Fargo & Company raised their price target on Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. One equities 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, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average target price of $1,218.42.

Insider Activity at Monolithic Power Systems

In other news, EVP Saria Tseng sold 22,875 shares of Monolithic Power Systems stock in a transaction that occurred 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 sale, the executive vice president directly owned 200,626 shares in the company, valued at approximately $234,965,146.16. This trade represents a 10.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maurice Sciammas 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 transaction, 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 disclosure for this sale is available in the SEC filing. Insiders have sold 97,580 shares of company stock worth $113,337,222 over the last 90 days. 3.40% of the stock is owned by insiders.

Monolithic Power Systems Stock Up 2.4%

Shares of MPWR opened at $1,119.51 on Thursday. The stock has a market capitalization of $54.99 billion, a P/E ratio of 87.87, a PEG ratio of 2.77 and a beta of 1.45. The firm has a fifty day simple moving average of $1,121.48 and a two-hundred day simple moving average of $1,014.61. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $1,256.22.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.74 by $0.05. The firm had revenue of $751.16 million for the quarter, compared to analysts’ expectations of $741.69 million. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.09 earnings per share. Sell-side analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal 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 issued a dividend of $2.00 per share. The ex-dividend date is Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 62.79%.

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.