Allstate Corp Makes New Investment in Monolithic Power Systems, Inc. $MPWR

Allstate Corp bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,726 shares of the semiconductor company’s stock, valued at approximately $1,589,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MPWR. True Wealth Design LLC increased its stake in Monolithic Power Systems by 61.1% during the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after buying an additional 11 shares in the last quarter. SJS Investment Consulting Inc. boosted its position in shares of Monolithic Power Systems by 2,700.0% during the third quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after buying an additional 27 shares during the period. NewSquare Capital LLC lifted its position in shares of Monolithic Power Systems by 76.0% during the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 19 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in Monolithic Power Systems in the 3rd quarter valued at approximately $33,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Monolithic Power Systems in the 2nd quarter valued at about $36,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MPWR shares. Cowen reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, October 31st. TD Cowen lifted their target price on shares of 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. Stifel Nicolaus upped their price target on shares of 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. Citigroup 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 research report on Monday, November 3rd. Finally, Wells Fargo & Company upped their price objective 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. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,074.58.

Insider Activity

In related news, EVP Maurice Sciammas sold 3,976 shares of Monolithic Power Systems stock in a transaction dated 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 transaction, the executive vice president owned 144,330 shares of the company’s stock, valued at approximately $129,208,545.90. This trade represents a 2.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Victor K. Lee sold 600 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $930.86, for a total transaction of $558,516.00. Following the completion of the transaction, the director owned 27,967 shares in the company, valued at approximately $26,033,361.62. This represents a 2.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 71,276 shares of company stock valued at $64,784,323 in the last ninety days. 3.40% of the stock is owned by company insiders.

Monolithic Power Systems Price Performance

MPWR opened at $1,034.49 on Wednesday. The firm’s fifty day moving average price is $945.26 and its 200 day moving average price is $898.94. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,123.38. The stock has a market capitalization of $49.56 billion, a PE ratio of 26.42, a P/E/G ratio of 2.92 and a beta of 1.45.

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 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 firm had revenue of $737.18 million for the quarter, compared to analyst estimates of $720.66 million. During the same quarter in the prior year, the business earned $4.06 earnings per share. Monolithic Power Systems’s quarterly revenue was up 18.9% on a year-over-year basis. On average, equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a $1.56 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $6.24 annualized dividend and a yield of 0.6%. Monolithic Power Systems’s payout ratio is 15.93%.

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.