Monolithic Power Systems, Inc. $MPWR Shares Sold by Andra AP fonden

Andra AP fonden decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 9.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,119 shares of the semiconductor company’s stock after selling 5,000 shares during the period. Andra AP fonden owned approximately 0.10% of Monolithic Power Systems worth $44,300,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MPWR. Vanguard Group Inc. grew its holdings in Monolithic Power Systems by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after buying an additional 134,087 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Monolithic Power Systems by 0.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock worth $794,723,000 after acquiring an additional 6,503 shares during the period. Bank of America Corp DE boosted its position in Monolithic Power Systems by 18.0% during the 2nd quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock worth $506,661,000 after acquiring an additional 105,721 shares during the period. Norges Bank bought a new position in shares of Monolithic Power Systems in the second quarter worth $438,014,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Monolithic Power Systems by 14.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 556,587 shares of the semiconductor company’s stock valued at $512,416,000 after purchasing an additional 71,199 shares during the period. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MPWR. Rosenblatt Securities upped their price objective on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Monolithic Power Systems in a research note on Friday, December 26th. TD Cowen reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. Needham & Company LLC increased their price objective 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 Friday, February 6th. Finally, KeyCorp raised their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Two equities 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 currently has an average rating of “Buy” and an average target price of $1,218.42.

Monolithic Power Systems Stock Down 4.2%

Shares of Monolithic Power Systems stock opened at $1,180.13 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,256.22. The firm has a market capitalization of $56.54 billion, a PE ratio of 92.63, a price-to-earnings-growth ratio of 3.12 and a beta of 1.45. The stock’s fifty day moving average is $1,069.44 and its 200-day moving average is $974.39.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.05. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.09%. The business 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 firm posted $4.09 earnings per share. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. Analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current 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 given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio is presently 48.98%.

Insider Activity at Monolithic Power Systems

In related news, EVP Deming Xiao sold 22,875 shares of the stock in a transaction dated Friday, February 6th. The stock was 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 of the company’s stock, valued at approximately $276,314,121.12. This represents a 8.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 21,725 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer owned 82,353 shares of the company’s stock, valued at $96,448,539.48. The trade was a 20.87% 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 101,550 shares of company stock worth $116,980,720. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems 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.