Monolithic Power Systems, Inc. (NASDAQ:MPWR) Position Boosted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 10.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 964 shares of the semiconductor company’s stock after purchasing an additional 93 shares during the period. Assenagon Asset Management S.A.’s holdings in Monolithic Power Systems were worth $559,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Avantax Advisory Services Inc. lifted its position in shares of Monolithic Power Systems by 0.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company’s stock worth $1,893,000 after purchasing an additional 14 shares during the last quarter. WP Advisors LLC lifted its position in shares of Monolithic Power Systems by 3.2% during the fourth quarter. WP Advisors LLC now owns 522 shares of the semiconductor company’s stock worth $309,000 after purchasing an additional 16 shares during the last quarter. Allworth Financial LP lifted its position in shares of Monolithic Power Systems by 11.5% during the fourth quarter. Allworth Financial LP now owns 155 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 16 shares during the last quarter. Keybank National Association OH lifted its position in shares of Monolithic Power Systems by 1.2% during the fourth quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company’s stock worth $1,079,000 after purchasing an additional 22 shares during the last quarter. Finally, Truvestments Capital LLC lifted its position in shares of Monolithic Power Systems by 5.0% during the fourth quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company’s stock worth $273,000 after purchasing an additional 22 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 0.3%

MPWR opened at $693.24 on Friday. The business’s 50 day moving average is $644.30 and its 200-day moving average is $623.41. The stock has a market cap of $33.19 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 2.75 and a beta of 1.19. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The firm had revenue of $637.55 million for the quarter, compared to analysts’ expectations of $633.43 million. During the same quarter in the previous year, the company earned $2.81 earnings per share. The firm’s quarterly revenue was up 39.2% compared to the same quarter last year. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $1.56 per share. The ex-dividend date is Monday, June 30th. This represents a $6.24 annualized dividend and a yield of 0.90%. Monolithic Power Systems’s payout ratio is 16.56%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MPWR. Citigroup increased their price target on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Raymond James Financial reissued an “outperform” rating and issued a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. KeyCorp cut their target price on shares of Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Stifel Nicolaus cut their target price on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and an average price target of $789.42.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $701.00, for a total value of $8,412,000.00. Following the transaction, the executive vice president now owns 4,015 shares in the company, valued at approximately $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total transaction of $65,000.00. Following the completion of the transaction, the director now owns 776 shares in the company, valued at approximately $504,400. This trade represents a 11.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,200 shares of company stock valued at $8,546,800 over the last quarter. Corporate insiders own 3.40% of the company’s stock.

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.