Analog Century Management LP Buys Shares of 77,591 Monolithic Power Systems, Inc. $MPWR

Analog Century Management LP bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 77,591 shares of the semiconductor company’s stock, valued at approximately $71,433,000. Monolithic Power Systems accounts for about 3.8% of Analog Century Management LP’s holdings, making the stock its 13th biggest holding. Analog Century Management LP owned 0.16% of Monolithic Power Systems as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Monolithic Power Systems during the second quarter worth approximately $438,014,000. JPMorgan Chase & Co. raised its stake in shares of Monolithic Power Systems by 36.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock valued at $626,592,000 after acquiring an additional 227,159 shares during the period. Rakuten Investment Management Inc. acquired a new position in shares of Monolithic Power Systems during the 3rd quarter valued at $197,260,000. First Trust Advisors LP raised its position in Monolithic Power Systems by 66.4% in the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock valued at $412,263,000 after purchasing an additional 178,622 shares during the period. Finally, Rafferty Asset Management LLC lifted its stake in shares of Monolithic Power Systems by 36.1% during the second quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock worth $386,991,000 after purchasing an additional 140,269 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $1,052.59 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,256.22. The firm has a market capitalization of $51.70 billion, a price-to-earnings ratio of 82.62, a P/E/G ratio of 2.62 and a beta of 1.45. The company has a 50 day moving average price of $1,100.53 and a 200 day moving average price of $992.70.

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. The firm had revenue of $751.16 million during the quarter, compared to the consensus estimate of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The business’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the prior year, the business earned $4.09 EPS. 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, March 31st. 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%. Monolithic Power Systems’s payout ratio is presently 48.98%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MPWR. Needham & Company LLC upped their price target on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a report on Friday, February 6th. 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. Rosenblatt Securities increased their price target on Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Weiss Ratings lowered Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. Finally, Stifel Nicolaus lifted their price objective on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. 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 MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,218.42.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 21,725 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer owned 82,353 shares in the company, valued at $96,448,539.48. This represents a 20.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Victor K. Lee sold 1,000 shares of the company’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $951.72, for a total transaction of $951,720.00. Following the completion of the transaction, the director directly owned 28,567 shares in the company, valued at $27,187,785.24. This trade represents a 3.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 98,550 shares of company stock worth $114,256,090. 3.40% of the stock is owned by company 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.