Artisan Partners Limited Partnership Has $177.45 Million Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Artisan Partners Limited Partnership trimmed its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 192,749 shares of the semiconductor company’s stock after selling 14,898 shares during the quarter. Artisan Partners Limited Partnership owned 0.40% of Monolithic Power Systems worth $177,452,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in Monolithic Power Systems in the 2nd quarter valued at $438,014,000. JPMorgan Chase & Co. lifted its holdings in shares of Monolithic Power Systems by 36.1% during the second quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock valued at $626,592,000 after acquiring an additional 227,159 shares during the period. Rakuten Investment Management Inc. acquired a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at $197,260,000. Rafferty Asset Management LLC boosted its stake in shares of Monolithic Power Systems by 36.1% in the 2nd 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, Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 134,087 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Citigroup boosted their price target on shares of Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Truist Financial lifted their target price on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a research note on Friday, February 6th. KeyCorp increased 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 report on Friday, February 6th. Rosenblatt Securities raised their price target on Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Finally, Needham & Company LLC lifted their price objective on 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. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Monolithic Power Systems currently has an average rating of “Buy” and a consensus price target of $1,218.42.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 22,875 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 transaction of $26,790,285.00. Following the transaction, the executive vice president owned 178,625 shares in the company, valued at approximately $209,198,455. This trade represents a 11.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 21,725 shares of the company’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 $25,443,451.00. Following the completion of the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 101,550 shares of company stock valued at $116,980,720. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $1,180.13 on Friday. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,256.22. The firm has a market capitalization of $56.54 billion, a P/E ratio of 92.63, a P/E/G ratio of 3.12 and a beta of 1.45. The company’s 50 day simple moving average is $1,069.44 and its 200 day simple moving average is $974.39.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, beating the consensus estimate of $4.74 by $0.05. The company had revenue of $751.16 million during the quarter, compared to analysts’ expectations of $741.69 million. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.09%. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.09 EPS. 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $2.00 dividend. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, March 31st. Monolithic Power Systems’s dividend payout ratio is currently 48.98%.

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.