Nykredit A S Purchases New Stake in Monolithic Power Systems, Inc. $MPWR

Nykredit A S acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 23,578 shares of the semiconductor company’s stock, valued at approximately $32,593,000.

Other large investors have also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. AG boosted its position in shares of Monolithic Power Systems by 4.4% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 2,334 shares of the semiconductor company’s stock worth $3,226,000 after purchasing an additional 99 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Monolithic Power Systems in the 2nd quarter valued at about $318,000. Teza Capital Management LLC acquired a new stake in shares of Monolithic Power Systems in the second quarter valued at about $386,000. CTC Alternative Strategies Ltd. acquired a new stake in shares of Monolithic Power Systems in the second quarter valued at about $733,000. Finally, BTG Pactual Asset Management US LLC acquired a new stake in shares of Monolithic Power Systems in the second quarter valued at about $265,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Arete Research set a $2,013.00 target price on shares of Monolithic Power Systems and gave the company a “buy” rating in a report on Thursday, August 20th. Raymond James Financial reissued an “outperform” rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. Wall Street Zen upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. KeyCorp raised their price objective on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,731.42.

Insiders Place Their Bets

In other news, Director Kuo Wei Chang sold 50 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the sale, the director directly owned 515 shares in the company, valued at $660,008.55. This represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the sale, the executive vice president directly owned 1,119 shares in the company, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 160 shares of company stock valued at $215,945. Insiders own 3.60% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $1,213.65 on Friday. The firm’s 50-day moving average is $1,329.98 and its two-hundred day moving average is $1,353.08. The company has a market capitalization of $59.64 billion, a PE ratio of 74.41 and a beta of 1.66. Monolithic Power Systems, Inc. has a 12-month low of $817.57 and a 12-month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The firm had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. During the same period in the previous year, the firm posted $4.21 EPS. The company’s quarterly revenue was up 47.6% compared to the same quarter last year. On average, analysts forecast that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s payout ratio is 49.05%.

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.