Monolithic Power Systems, Inc. $MPWR Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 18.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 214,950 shares of the semiconductor company’s stock after buying an additional 33,024 shares during the quarter. American Century Companies Inc. owned approximately 0.45% of Monolithic Power Systems worth $197,898,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Monolithic Power Systems by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after purchasing an additional 134,087 shares during the last quarter. JPMorgan Chase & Co. grew its position in Monolithic Power Systems by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock worth $794,723,000 after purchasing an additional 6,503 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Monolithic Power Systems by 18.0% in the second quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock valued at $506,661,000 after purchasing an additional 105,721 shares during the period. Norges Bank acquired a new stake in shares of Monolithic Power Systems in the second quarter valued at approximately $438,014,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Monolithic Power Systems by 14.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 556,587 shares of the semiconductor company’s stock valued at $512,416,000 after buying an additional 71,199 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 200 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $1,179.97, for a total transaction of $235,994.00. Following the sale, the executive vice president directly owned 1,299 shares of the company’s stock, valued at $1,532,781.03. The trade was a 13.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Saria Tseng sold 22,875 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the sale, the executive vice president directly owned 200,626 shares of the company’s stock, valued at approximately $234,965,146.16. This represents a 10.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 101,550 shares of company stock worth $116,980,720. 3.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Oppenheimer reissued an “outperform” rating and issued a $1,300.00 price objective on shares of Monolithic Power Systems in a report on Thursday, January 29th. Stifel Nicolaus boosted their price target on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Wells Fargo & Company increased their price target on Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Needham & Company LLC raised their price target on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Truist Financial lifted their price objective on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $1,218.42.

Monolithic Power Systems Trading Down 3.2%

Shares of Monolithic Power Systems stock opened at $1,142.74 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,256.22. The stock has a market cap of $54.75 billion, a PE ratio of 89.70, a price-to-earnings-growth ratio of 2.89 and a beta of 1.45. The company’s 50-day moving average price is $1,073.56 and its two-hundred day moving average price is $977.74.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.05. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.09%. The company had revenue of $751.16 million for the quarter, compared to analysts’ expectations of $741.69 million. During the same quarter in the previous year, the company posted $4.09 EPS. The business’s revenue was up 20.8% compared to the same quarter last year. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $2.00 dividend. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, March 31st. Monolithic Power Systems’s dividend payout ratio is currently 48.98%.

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.