Monolithic Power Systems, Inc. $MPWR Shares Acquired by First Trust Advisors LP

First Trust Advisors LP increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 66.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 447,801 shares of the semiconductor company’s stock after buying an additional 178,622 shares during the period. First Trust Advisors LP owned about 0.93% of Monolithic Power Systems worth $412,263,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MPWR. Brighton Jones LLC grew its holdings in Monolithic Power Systems by 46.0% during the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after acquiring an additional 200 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Monolithic Power Systems by 3.1% during the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after purchasing an additional 161 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Monolithic Power Systems by 17.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 256 shares of the semiconductor company’s stock worth $188,000 after purchasing an additional 38 shares during the last quarter. Savant Capital LLC grew its stake in shares of Monolithic Power Systems by 48.3% during the second quarter. Savant Capital LLC now owns 2,094 shares of the semiconductor company’s stock worth $1,532,000 after purchasing an additional 682 shares in the last quarter. Finally, Penserra Capital Management LLC grew its stake in shares of Monolithic Power Systems by 1.8% during the second quarter. Penserra Capital Management LLC now owns 1,160 shares of the semiconductor company’s stock worth $847,000 after purchasing an additional 21 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on MPWR. William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday. Weiss Ratings cut Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday. Truist Financial increased their price objective on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a report on Friday, February 6th. Needham & Company LLC raised their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Finally, Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average target price of $1,218.42.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, Director Victor K. Lee sold 1,000 shares of the business’s stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $951.72, for a total transaction of $951,720.00. Following the sale, the director directly owned 28,567 shares in the company, valued at approximately $27,187,785.24. The trade was a 3.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 21,725 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $25,443,451.00. Following the transaction, the chief financial officer directly owned 82,353 shares in the company, valued at approximately $96,448,539.48. This trade represents a 20.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 98,550 shares of company stock valued at $114,256,090 in the last three months. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Down 5.1%

Shares of NASDAQ:MPWR opened at $1,023.16 on Friday. The company has a market cap of $50.26 billion, a P/E ratio of 80.31, a PEG ratio of 2.73 and a beta of 1.45. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,256.22. The company has a 50-day moving average price of $1,087.09 and a 200 day moving average price of $985.05.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results 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. The company had revenue of $751.16 million for the quarter, compared to analysts’ expectations of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The firm’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.09 EPS. Analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $2.00 per share. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. 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.