Monolithic Power Systems, Inc. $MPWR Shares Acquired by Dakota Wealth Management

Dakota Wealth Management lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 83.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,998 shares of the semiconductor company’s stock after purchasing an additional 1,823 shares during the quarter. Dakota Wealth Management’s holdings in Monolithic Power Systems were worth $3,682,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Monolithic Power Systems in the 2nd quarter worth $438,014,000. JPMorgan Chase & Co. grew its holdings in shares of Monolithic Power Systems by 36.1% in the second quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock valued at $626,592,000 after purchasing an additional 227,159 shares during the period. Rakuten Investment Management Inc. acquired a new stake in Monolithic Power Systems during the third quarter worth about $197,260,000. Rafferty Asset Management LLC raised its stake in 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 during the period. Finally, Vanguard Group Inc. raised its stake in Monolithic Power Systems by 2.3% during the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after purchasing an additional 134,087 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Up 2.0%

MPWR opened at $1,213.67 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 fifty day simple moving average of $1,058.04 and a 200-day simple moving average of $971.13. The firm has a market cap of $58.15 billion, a P/E ratio of 95.26, a P/E/G ratio of 3.01 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) 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 firm had revenue of $751.16 million for the quarter, compared to the consensus estimate of $741.69 million. During the same quarter in the previous year, the business earned $4.09 EPS. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. Sell-side analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders 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 is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems’s payout ratio is 48.98%.

Analysts Set New Price Targets

MPWR has been the subject of a number of recent analyst reports. KeyCorp raised their price target on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Oppenheimer reissued an “outperform” rating and set a $1,300.00 target price on shares of Monolithic Power Systems in a research note on Thursday, January 29th. TD Cowen restated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, October 31st. Stifel Nicolaus increased 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 Wednesday, February 4th. Finally, Citigroup raised their price objective on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems has an average rating of “Buy” and an average target price of $1,218.42.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Saria Tseng sold 22,875 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 transaction of $26,790,285.00. Following the sale, the executive vice president directly owned 200,626 shares in the company, valued at $234,965,146.16. This represents a 10.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Theodore Blegen sold 21,725 shares of the firm’s 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 transaction of $25,443,451.00. Following the completion of the transaction, the chief financial officer directly owned 82,353 shares of the company’s stock, valued at $96,448,539.48. This represents a 20.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 101,550 shares of company stock valued at $116,980,720. 3.40% of the stock is owned by corporate insiders.

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.