Vanguard Group Inc. Increases Holdings in Monolithic Power Systems, Inc. $MPWR

Vanguard Group Inc. grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 6,074,033 shares of the semiconductor company’s stock after acquiring an additional 134,087 shares during the quarter. Vanguard Group Inc. owned about 12.68% of Monolithic Power Systems worth $5,591,998,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. True Wealth Design LLC boosted its holdings in Monolithic Power Systems by 61.1% in the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 11 shares in the last quarter. SJS Investment Consulting Inc. lifted its position in shares of Monolithic Power Systems by 2,700.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after buying an additional 27 shares during the last quarter. NewSquare Capital LLC boosted its holdings in shares of Monolithic Power Systems by 76.0% in the 2nd quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 19 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in shares of Monolithic Power Systems in the 3rd quarter valued at $33,000. Finally, Armstrong Advisory Group Inc. grew its position in shares of Monolithic Power Systems by 192.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 27 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity at Monolithic Power Systems

In related news, 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 value of $26,790,285.00. Following the completion of the sale, the executive vice president owned 200,626 shares in the company, valued at $234,965,146.16. This trade represents a 10.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Deming Xiao sold 22,875 shares of Monolithic Power Systems 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 $26,790,285.00. Following the completion of the sale, the executive vice president directly owned 235,932 shares in the company, valued at $276,314,121.12. This represents a 8.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 125,726 shares of company stock worth $139,246,648 in the last 90 days. Corporate insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MPWR. Needham & Company LLC boosted 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 Friday, February 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Monolithic Power Systems in a research report on Friday, December 26th. Oppenheimer reissued an “outperform” rating and issued a $1,300.00 target price on shares of Monolithic Power Systems in a report on Thursday, January 29th. KeyCorp raised their price target on 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. Finally, Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Buy” and a consensus price target of $1,218.42.

Monolithic Power Systems Stock Up 0.1%

MPWR opened at $1,173.18 on Wednesday. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,250.00. The business has a 50 day moving average price of $1,034.76 and a two-hundred day moving average price of $957.54. The company has a market cap of $56.21 billion, a PE ratio of 92.09, a P/E/G ratio of 2.97 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last announced its 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 18.09% and a net margin of 22.07%.The company had revenue of $751.16 million for the quarter, compared to the consensus estimate of $741.69 million. During the same period last year, the business posted $4.09 EPS. The company’s revenue was up 20.8% on a year-over-year basis. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed 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 of this dividend is Tuesday, March 31st. This represents a $8.00 annualized dividend 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 presently 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.