AIA Group Ltd Buys Shares of 1,585 Monolithic Power Systems, Inc. $MPWR

AIA Group Ltd purchased a new stake in 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 1,585 shares of the semiconductor company’s stock, valued at approximately $1,459,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. True Wealth Design LLC increased its holdings in shares of Monolithic Power Systems by 61.1% during the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after buying an additional 11 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in Monolithic Power Systems by 2,700.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 27 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in Monolithic Power Systems during the 3rd quarter worth approximately $33,000. IFP Advisors Inc boosted its position in Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares during the period. Finally, Armstrong Advisory Group Inc. grew its holdings in Monolithic Power Systems by 192.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 27 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MPWR. Stifel Nicolaus upped their price target 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 Wednesday, February 4th. KeyCorp boosted 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 note on Friday, February 6th. Needham & Company LLC lifted their target price 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. Oppenheimer reissued an “outperform” rating and issued a $1,300.00 price target on shares of Monolithic Power Systems in a research note on Thursday, January 29th. Finally, Rosenblatt Securities increased their target price on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,218.42.

Insider Buying and Selling

In other Monolithic Power Systems news, CFO Theodore Blegen sold 21,725 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was 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 of the company’s stock, valued at $96,448,539.48. This represents a 20.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Victor K. Lee sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the director owned 28,567 shares in the company, valued at $27,187,785.24. The trade was a 3.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 98,550 shares of company stock valued at $114,256,090 in the last three months. 3.40% of the stock is owned by corporate insiders.

Monolithic Power Systems Trading Down 2.2%

Monolithic Power Systems stock opened at $1,068.85 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $1,256.22. The firm has a 50 day simple moving average of $1,111.40 and a 200 day simple moving average of $1,000.58. The firm has a market capitalization of $52.50 billion, a price-to-earnings ratio of 83.90, a P/E/G ratio of 2.77 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $751.16 million during the quarter, compared to analysts’ expectations of $741.69 million. During the same period in the previous year, the business earned $4.09 earnings per share. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. On average, equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $2.00 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio is currently 62.79%.

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.