Banque Cantonale Vaudoise Grows Position in Monolithic Power Systems, Inc. $MPWR

Banque Cantonale Vaudoise boosted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 67.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,974 shares of the semiconductor company’s stock after buying an additional 1,200 shares during the period. Banque Cantonale Vaudoise’s holdings in Monolithic Power Systems were worth $2,737,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Monolithic Power Systems by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after purchasing an additional 134,087 shares during the last quarter. JPMorgan Chase & Co. increased 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 valued at $794,723,000 after acquiring an additional 6,503 shares during the period. Bank of America Corp DE increased its position in Monolithic Power Systems by 18.0% in the 2nd quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock valued at $506,661,000 after acquiring an additional 105,721 shares during the period. Norges Bank purchased a new stake in Monolithic Power Systems during the 2nd quarter valued at approximately $438,014,000. Finally, Massachusetts Financial Services Co. MA raised its stake in Monolithic Power Systems by 14.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 556,587 shares of the semiconductor company’s stock valued at $512,416,000 after acquiring an additional 71,199 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 21,725 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $25,443,451.00. Following the completion of the transaction, the chief financial officer owned 82,353 shares in the company, valued at $96,448,539.48. This trade represents a 20.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Saria Tseng sold 22,875 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the completion of the sale, the executive vice president owned 200,626 shares of the company’s stock, valued at $234,965,146.16. This trade represents a 10.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 98,550 shares of company stock worth $114,256,090. Company insiders own 3.40% of the company’s stock.

Monolithic Power Systems Trading Down 0.6%

Shares of MPWR stock opened at $1,055.82 on Wednesday. The stock has a 50 day simple moving average of $1,092.36 and a 200-day simple moving average of $990.35. The company has a market cap of $51.86 billion, a price-to-earnings ratio of 82.87, a price-to-earnings-growth ratio of 2.69 and a beta of 1.45. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,256.22.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.05. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The firm had revenue of $751.16 million for the quarter, compared to the consensus estimate of $741.69 million. During the same period in the previous year, the business earned $4.09 earnings per share. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s payout ratio is presently 48.98%.

Wall Street Analyst Weigh In

MPWR has been the subject of several analyst reports. Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Needham & Company LLC lifted their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Weiss Ratings cut shares of Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. KeyCorp upped their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Finally, Citigroup raised their target price on shares of Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. One 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’s stock. According to MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus price target of $1,218.42.

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.