Global X Japan Co. Ltd. Cuts Position in Monolithic Power Systems, Inc. $MPWR

Global X Japan Co. Ltd. reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 32.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,747 shares of the semiconductor company’s stock after selling 1,326 shares during the period. Global X Japan Co. Ltd.’s holdings in Monolithic Power Systems were worth $2,529,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MPWR. WPG Advisers LLC purchased a new position in shares of Monolithic Power Systems in the 1st quarter valued at approximately $27,000. NewSquare Capital LLC lifted its position in Monolithic Power Systems by 76.0% in the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 19 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in Monolithic Power Systems in the 2nd quarter valued at approximately $36,000. Armstrong Advisory Group Inc. increased its position in Monolithic Power Systems by 192.9% during 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. Finally, AdvisorNet Financial Inc grew its holdings in Monolithic Power Systems by 306.3% during the second quarter. AdvisorNet Financial Inc now owns 65 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 49 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MPWR shares. Wells Fargo & Company boosted their price target on Monolithic Power Systems from $750.00 to $970.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Needham & Company LLC lifted their price target on Monolithic Power Systems from $820.00 to $1,025.00 and gave the company a “buy” rating in a report on Monday, September 29th. Citigroup increased their target price on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Truist Financial increased their price objective on shares of Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Finally, Weiss Ratings upgraded Monolithic Power Systems from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average target price of $1,074.58.

Insider Buying and Selling at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 3,000 shares of Monolithic Power Systems stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $908.21, for a total transaction of $2,724,630.00. Following the completion of the transaction, the chief financial officer directly owned 71,332 shares of the company’s stock, valued at $64,784,435.72. This trade represents a 4.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 3,976 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $895.23, for a total value of $3,559,434.48. Following the sale, the executive vice president owned 144,330 shares in the company, valued at approximately $129,208,545.90. This trade represents a 2.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 86,516 shares of company stock worth $80,331,635 over the last three months. 3.40% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Price Performance

MPWR stock opened at $943.55 on Wednesday. The company’s 50 day simple moving average is $967.19 and its 200-day simple moving average is $864.06. The firm has a market capitalization of $45.21 billion, a P/E ratio of 24.09, a P/E/G ratio of 3.19 and a beta of 1.47. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.62 by $0.11. The business had revenue of $737.18 million during the quarter, compared to analyst estimates of $720.66 million. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.Monolithic Power Systems’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period last year, the company earned $4.06 earnings per share. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $1.56 dividend. This represents a $6.24 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is 15.93%.

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.