iA Global Asset Management Inc. Takes Position in Monolithic Power Systems, Inc. $MPWR

iA Global Asset Management Inc. purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 600 shares of the semiconductor company’s stock, valued at approximately $552,000.

A number of other institutional investors also recently modified their holdings of the business. Leelyn Smith LLC lifted its holdings in shares of Monolithic Power Systems by 2.7% in the third quarter. Leelyn Smith LLC now owns 3,413 shares of the semiconductor company’s stock worth $3,142,000 after acquiring an additional 89 shares during the last quarter. BIP Wealth LLC bought a new position in Monolithic Power Systems in the third quarter valued at about $284,000. Simplicity Wealth LLC bought a new stake in shares of Monolithic Power Systems during the third quarter worth about $224,000. Stiles Financial Services Inc increased its stake in shares of Monolithic Power Systems by 21.9% in the third quarter. Stiles Financial Services Inc now owns 2,687 shares of the semiconductor company’s stock valued at $2,474,000 after buying an additional 482 shares during the period. Finally, Rakuten Investment Management Inc. acquired a new position in shares of Monolithic Power Systems in the third quarter valued at approximately $197,260,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MPWR shares. KeyCorp lifted their target price 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. Truist Financial lifted their price target on shares of 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. Stifel Nicolaus increased their price objective 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. Citigroup raised 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 Monday, November 3rd. Finally, Needham & Company LLC upped their price target 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. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,074.58.

Monolithic Power Systems Stock Down 1.2%

Shares of MPWR stock opened at $1,063.74 on Monday. The firm has a 50 day moving average of $953.51 and a 200-day moving average of $905.71. The company has a market cap of $50.96 billion, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 3.00 and a beta of 1.45. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.62 by $0.11. The company 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%. Monolithic Power Systems’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.06 EPS. Analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

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

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 27,966 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $881.66, for a total value of $24,656,503.56. Following the transaction, the executive vice president owned 148,306 shares of the company’s stock, valued at approximately $130,755,467.96. The trade was a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Theodore Blegen sold 3,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $1,024.43, for a total transaction of $3,073,290.00. Following the transaction, the chief financial officer directly owned 74,332 shares of the company’s stock, valued at $76,147,930.76. This represents a 3.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 69,976 shares of company stock worth $63,370,417 in the last quarter. 3.40% of the stock is owned by corporate 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.