Stanley Laman Group Ltd. Takes $8.50 Million Position in Monolithic Power Systems, Inc. $MPWR

Stanley Laman Group Ltd. purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,235 shares of the semiconductor company’s stock, valued at approximately $8,502,000. Monolithic Power Systems accounts for about 1.2% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 15th biggest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SJS Investment Consulting Inc. lifted its stake in Monolithic Power Systems by 2,700.0% in the third quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 27 shares during the last quarter. True Wealth Design LLC grew its position in shares of Monolithic Power Systems by 61.1% during the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 11 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Monolithic Power Systems in the 3rd quarter worth about $33,000. Armstrong Advisory Group Inc. increased its holdings in shares of Monolithic Power Systems by 192.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 27 shares during the period. Finally, NewSquare Capital LLC lifted its position in Monolithic Power Systems by 76.0% in the 2nd 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 last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on MPWR. Wolfe Research set a $1,200.00 target price on shares of Monolithic Power Systems and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Truist Financial increased their price objective on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Needham & Company LLC raised their target price on Monolithic Power Systems from $820.00 to $1,025.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Rosenblatt Securities boosted their price target on Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, TD Cowen raised 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. 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 stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus target price of $1,074.58.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $936.31 on Monday. 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 $44.86 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 2.66 and a beta of 1.45. The business’s fifty day moving average is $951.36 and its 200-day moving average is $876.84.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, beating 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%.The company’s revenue was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.06 earnings per share. Equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm 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 15.93%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Saria Tseng sold 20,000 shares of Monolithic Power Systems 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 transaction, the executive vice president owned 187,331 shares in the company, valued at approximately $173,556,551.57. The trade was a 9.65% 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, CFO Theodore Blegen sold 3,000 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $1,024.43, for a total value of $3,073,290.00. Following the sale, the chief financial officer owned 74,332 shares of the company’s stock, valued at $76,147,930.76. This trade represents a 3.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 84,516 shares of company stock worth $78,543,695. 3.40% of the stock is currently owned by company insiders.

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.