Allspring Global Investments Holdings LLC Purchases 4,379 Shares of Monolithic Power Systems, Inc. $MPWR

Allspring Global Investments Holdings LLC lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,221 shares of the semiconductor company’s stock after buying an additional 4,379 shares during the period. Allspring Global Investments Holdings LLC owned about 0.36% of Monolithic Power Systems worth $156,816,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. NewSquare Capital LLC grew its stake 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 acquiring an additional 19 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Monolithic Power Systems during the second quarter worth about $36,000. Armstrong Advisory Group Inc. lifted its holdings in shares of Monolithic Power Systems by 192.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 27 shares in the last quarter. AdvisorNet Financial Inc grew its position in shares of Monolithic Power Systems by 306.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 65 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 49 shares during the period. Finally, Trust Co. of Toledo NA OH bought a new stake in Monolithic Power Systems during the 2nd quarter worth approximately $48,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of 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. Wolfe Research set a $1,200.00 price target on Monolithic Power Systems and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Stifel Nicolaus boosted their price target on Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, October 17th. TD Cowen lifted 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 Friday, October 31st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Monolithic Power Systems in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,074.58.

Insider Activity

In other news, EVP Maurice Sciammas sold 3,976 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $895.23, for a total transaction of $3,559,434.48. Following the completion of the sale, the executive vice president owned 144,330 shares in the company, valued at $129,208,545.90. The trade was a 2.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Saria Tseng sold 20,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 187,331 shares in the company, valued at $173,556,551.57. The trade was a 9.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 84,516 shares of company stock valued at $78,543,695. Company insiders own 3.40% of the company’s stock.

Monolithic Power Systems Trading Down 0.7%

MPWR opened at $923.91 on Wednesday. The stock’s fifty day simple moving average is $959.32 and its 200 day simple moving average is $872.20. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $1,123.38. The stock has a market cap of $44.26 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 3.14 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 EPS for the quarter, beating the consensus estimate of $4.62 by $0.11. The firm had revenue of $737.18 million for the quarter, compared to the consensus estimate of $720.66 million. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The company’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.06 earnings per share. Equities analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued 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 is currently 15.93%.

About Monolithic Power Systems

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.