Burney Co. Grows Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Burney Co. boosted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1,111.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,732 shares of the semiconductor company’s stock after purchasing an additional 13,516 shares during the period. Burney Co.’s holdings in Monolithic Power Systems were worth $13,563,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MPWR. Norges Bank purchased a new position in shares of Monolithic Power Systems in the 2nd quarter worth $438,014,000. JPMorgan Chase & Co. lifted its holdings in Monolithic Power Systems by 36.1% in the second quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock valued at $626,592,000 after acquiring an additional 227,159 shares during the period. Rafferty Asset Management LLC boosted its position in Monolithic Power Systems by 36.1% in the second quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock worth $386,991,000 after purchasing an additional 140,269 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Monolithic Power Systems by 87.9% in the first quarter. BNP Paribas Financial Markets now owns 284,097 shares of the semiconductor company’s stock worth $164,771,000 after purchasing an additional 132,880 shares during the last quarter. Finally, Voya Investment Management LLC grew its stake in shares of Monolithic Power Systems by 57.5% during the 3rd quarter. Voya Investment Management LLC now owns 359,312 shares of the semiconductor company’s stock valued at $330,797,000 after purchasing an additional 131,177 shares during the period. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 0.7%

Shares of Monolithic Power Systems stock opened at $946.32 on Friday. The stock’s 50-day simple moving average is $963.45 and its 200-day simple moving average is $866.96. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,123.38. The company has a market capitalization of $45.34 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 3.22 and a beta of 1.47.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, topping analysts’ consensus estimates of $4.62 by $0.11. The firm 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%.The business’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.06 earnings per share. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

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

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 27,966 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $881.66, for a total transaction of $24,656,503.56. Following the completion of the transaction, the executive vice president directly owned 148,306 shares of the company’s stock, valued at approximately $130,755,467.96. This trade represents a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Theodore Blegen sold 3,000 shares of Monolithic Power Systems stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $913.22, for a total transaction of $2,739,660.00. Following the completion of the sale, the chief financial officer owned 37,940 shares in the company, valued at approximately $34,647,566.80. This represents a 7.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 86,516 shares of company stock valued at $80,331,635. 3.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MPWR. Rosenblatt Securities boosted their target price on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Stifel Nicolaus upped their price objective on Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Wells Fargo & Company lifted their target price on Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. TD Cowen boosted their price target on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Truist Financial raised their price objective on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,074.58.

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.