JPMorgan Chase & Co. Acquires 6,503 Shares of Monolithic Power Systems, Inc. $MPWR

JPMorgan Chase & Co. lifted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 863,228 shares of the semiconductor company’s stock after buying an additional 6,503 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.80% of Monolithic Power Systems worth $794,723,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. True Wealth Design LLC lifted 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 valued at $26,000 after purchasing an additional 11 shares during the last quarter. SJS Investment Consulting Inc. increased its position in 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 valued at $26,000 after buying an additional 27 shares in the last quarter. NewSquare Capital LLC increased its position in Monolithic Power Systems by 76.0% during 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 bought a new stake in Monolithic Power Systems in the third quarter worth $33,000. Finally, Armstrong Advisory Group Inc. grew its stake in shares of Monolithic Power Systems by 192.9% in the third 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.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $1,173.18 on Wednesday. The stock has a market cap of $56.21 billion, a PE ratio of 92.09, a price-to-earnings-growth ratio of 2.97 and a beta of 1.45. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,250.00. The stock has a fifty day moving average of $1,034.76 and a 200 day moving average of $957.54.

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

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $2.00 dividend. The ex-dividend date is Tuesday, March 31st. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 annualized dividend and a yield of 0.7%. Monolithic Power Systems’s payout ratio is 48.98%.

Insider Buying and Selling at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 21,725 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer directly owned 82,353 shares of the company’s stock, valued at approximately $96,448,539.48. This trade represents a 20.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maurice Sciammas sold 22,875 shares of Monolithic Power Systems stock in a transaction 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 transaction, the executive vice president owned 178,625 shares in the company, valued at $209,198,455. This trade represents a 11.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 125,726 shares of company stock worth $139,246,648. Insiders own 3.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MPWR shares. TD Cowen reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, October 31st. Citigroup raised their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research note on Monday, February 9th. KeyCorp upped their target price 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. Stifel Nicolaus increased 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 report on Wednesday, February 4th. Finally, Oppenheimer restated an “outperform” rating and issued a $1,300.00 price objective on shares of Monolithic Power Systems in a report on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Monolithic Power Systems presently has an average rating of “Buy” and an average target price of $1,218.42.

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.