Annis Gardner Whiting Capital Advisors LLC Increases Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 745.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 617 shares of the semiconductor company’s stock after purchasing an additional 544 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in Monolithic Power Systems were worth $568,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MPWR. Norges Bank purchased a new stake in Monolithic Power Systems in the second quarter worth about $438,014,000. JPMorgan Chase & Co. raised its position 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 worth $626,592,000 after acquiring an additional 227,159 shares in the last quarter. Rakuten Investment Management Inc. purchased a new position in shares of Monolithic Power Systems in the 3rd quarter valued at approximately $197,260,000. Rafferty Asset Management LLC boosted its position 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 valued at $386,991,000 after purchasing an additional 140,269 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in Monolithic Power Systems by 57.5% in the third quarter. Voya Investment Management LLC now owns 359,312 shares of the semiconductor company’s stock worth $330,797,000 after purchasing an additional 131,177 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Truist Financial increased their price target on shares of Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Wolfe Research set a $1,200.00 target price on shares of Monolithic Power Systems and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Stifel Nicolaus boosted their price target on Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. TD Cowen reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. Finally, Rosenblatt Securities increased their target price on Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Buy” and an average target price of $1,135.42.

Insider Activity

In related news, CFO Theodore Blegen sold 3,000 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $1,024.43, for a total transaction of $3,073,290.00. Following the completion of the sale, the chief financial officer owned 74,332 shares in the company, valued at approximately $76,147,930.76. This trade represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Saria Tseng sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $926.47, for a total value of $18,529,400.00. Following the completion of the transaction, the executive vice president directly owned 187,331 shares in the company, valued at approximately $173,556,551.57. This represents a 9.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 69,976 shares of company stock worth $63,370,417. 3.40% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Up 1.8%

Shares of NASDAQ:MPWR opened at $1,183.15 on Friday. The stock has a market capitalization of $56.68 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 3.26 and a beta of 1.45. The firm’s 50 day moving average price is $973.76 and its 200-day moving average price is $914.19. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $1,185.05.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.11. The business had revenue of $737.18 million for the quarter, compared to the consensus estimate of $720.66 million. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The company’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period last year, the firm earned $4.06 earnings per share. Analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a dividend of $1.56 per share. The ex-dividend date was Wednesday, December 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.5%. Monolithic Power Systems’s payout ratio is 15.93%.

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.