Monolithic Power Systems, Inc. (NASDAQ:MPWR) Position Raised by Swedbank AB

Swedbank AB boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 49.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,400 shares of the semiconductor company’s stock after purchasing an additional 3,439 shares during the period. Swedbank AB’s holdings in Monolithic Power Systems were worth $9,615,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MPWR. Van ECK Associates Corp lifted its holdings in shares of Monolithic Power Systems by 26.3% in the third quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company’s stock valued at $395,715,000 after buying an additional 93,362 shares during the period. Charles Schwab Investment Management Inc. raised its position in Monolithic Power Systems by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 314,264 shares of the semiconductor company’s stock worth $290,537,000 after acquiring an additional 5,645 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Monolithic Power Systems by 14.3% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 275,979 shares of the semiconductor company’s stock valued at $226,767,000 after acquiring an additional 34,557 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Monolithic Power Systems by 0.5% during the 2nd quarter. American Century Companies Inc. now owns 235,508 shares of the semiconductor company’s stock valued at $193,513,000 after purchasing an additional 1,262 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Monolithic Power Systems by 0.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 191,147 shares of the semiconductor company’s stock worth $156,276,000 after purchasing an additional 1,102 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $572.08 on Wednesday. The firm has a market capitalization of $27.91 billion, a price-to-earnings ratio of 67.74, a price-to-earnings-growth ratio of 2.77 and a beta of 1.15. The company has a 50 day simple moving average of $820.61 and a 200-day simple moving average of $822.73. Monolithic Power Systems, Inc. has a 52-week low of $538.00 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The company had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. On average, analysts predict that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.87%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 56.37%.

Insiders Place Their Bets

In related news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total value of $2,270,900.00. Following the completion of the sale, the chief financial officer now directly owns 59,178 shares in the company, valued at approximately $53,754,928.08. This represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Deming Xiao sold 866 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.14, for a total value of $662,611.24. Following the transaction, the executive vice president now owns 162,239 shares in the company, valued at approximately $124,135,548.46. This trade represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,100 shares of company stock valued at $17,913,521 in the last three months. Insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on MPWR. Raymond James increased their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. TD Cowen reduced their price objective on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company initiated coverage on Monolithic Power Systems in a research report on Friday, November 22nd. They set an “equal weight” rating and a $610.00 target price on the stock. KeyCorp decreased their price target on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Finally, Truist Financial restated a “buy” rating and set a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average price target of $840.36.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.