Assenagon Asset Management S.A. Acquires 667 Shares of Monolithic Power Systems, Inc. $MPWR

Assenagon Asset Management S.A. increased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 71.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,606 shares of the semiconductor company’s stock after purchasing an additional 667 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Monolithic Power Systems were worth $1,479,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MPWR. BLB&B Advisors LLC grew its stake in Monolithic Power Systems by 9.1% during the second quarter. BLB&B Advisors LLC now owns 9,205 shares of the semiconductor company’s stock valued at $6,732,000 after acquiring an additional 768 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Monolithic Power Systems by 87.9% during the 1st quarter. BNP Paribas Financial Markets now owns 284,097 shares of the semiconductor company’s stock valued at $164,771,000 after purchasing an additional 132,880 shares during the last quarter. AXA S.A. boosted its holdings in shares of Monolithic Power Systems by 47.8% during the 2nd quarter. AXA S.A. now owns 104,584 shares of the semiconductor company’s stock valued at $76,491,000 after purchasing an additional 33,834 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Monolithic Power Systems by 35.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,002 shares of the semiconductor company’s stock valued at $6,585,000 after purchasing an additional 2,379 shares in the last quarter. Finally, Summit Place Financial Advisors LLC bought a new stake in shares of Monolithic Power Systems in the second quarter worth about $1,027,000. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $953.00 on Thursday. The firm has a market capitalization of $45.66 billion, a PE ratio of 24.34, a PEG ratio of 3.19 and a beta of 1.47. The stock’s fifty day moving average is $966.09 and its 200 day moving average is $864.68. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $4.73 EPS for the quarter, topping the consensus estimate of $4.62 by $0.11. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The company had revenue of $737.18 million during the quarter, compared to analyst estimates of $720.66 million. During the same period in the previous year, the firm earned $4.06 earnings per share. Monolithic Power Systems’s quarterly revenue was up 18.9% compared to the same quarter last year. Equities 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 declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, December 31st. Monolithic Power Systems’s dividend payout ratio is presently 15.93%.

Insider Activity

In other Monolithic Power Systems news, EVP Saria Tseng sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $926.47, for a total value of $18,529,400.00. Following the completion of the sale, the executive vice president owned 187,331 shares of the company’s stock, valued at $173,556,551.57. This trade represents a 9.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Theodore Blegen sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $908.21, for a total value of $2,724,630.00. Following the transaction, the chief financial officer directly owned 71,332 shares in the company, valued at approximately $64,784,435.72. This represents a 4.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 86,516 shares of company stock valued at $80,331,635. Company insiders own 3.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on MPWR shares. TD Cowen boosted 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 Friday, October 31st. Rosenblatt Securities lifted their price objective on Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Citigroup increased their target price on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, December 19th. Finally, KeyCorp boosted their price target on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,074.58.

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.