Forsta AP Fonden Acquires 9,900 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Forsta AP Fonden increased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 95.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,300 shares of the semiconductor company’s stock after purchasing an additional 9,900 shares during the period. Forsta AP Fonden’s holdings in Monolithic Power Systems were worth $11,774,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Fourth Dimension Wealth LLC bought a new stake in Monolithic Power Systems in the fourth quarter worth $29,000. Itau Unibanco Holding S.A. boosted its holdings in Monolithic Power Systems by 637.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 51 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in Monolithic Power Systems by 146.4% in the first quarter. Meeder Asset Management Inc. now owns 69 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 41 shares in the last quarter. Global Financial Private Client LLC boosted its holdings in Monolithic Power Systems by 265.0% in the first quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 53 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in Monolithic Power Systems in the first quarter worth $54,000. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Stock Up 0.8%

NASDAQ MPWR opened at $804.29 on Friday. The stock has a market cap of $38.52 billion, a P/E ratio of 20.95, a PEG ratio of 2.97 and a beta of 1.18. The company’s 50-day simple moving average is $728.95 and its 200 day simple moving average is $656.81. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share for the quarter, beating analysts’ consensus estimates of $4.12 by $0.09. The business had revenue of $664.57 million for the quarter, compared to analysts’ expectations of $648.74 million. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The firm’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.17 earnings per share. Research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $1.56 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a yield of 0.8%. Monolithic Power Systems’s payout ratio is presently 16.25%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Citigroup reissued a “buy” rating and set a $825.00 target price (up previously from $785.00) on shares of Monolithic Power Systems in a research report on Monday, August 4th. Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $880.00 to $930.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Loop Capital boosted their target price on shares of Monolithic Power Systems from $760.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. KeyCorp boosted their target price on shares of Monolithic Power Systems from $940.00 to $950.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Raymond James Financial reissued an “outperform” rating and set a $875.00 target price (up previously from $720.00) on shares of Monolithic Power Systems in a research report on Friday, August 1st. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus price target of $838.09.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 12,000 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $701.00, for a total value of $8,412,000.00. Following the sale, the executive vice president owned 4,015 shares of the company’s stock, valued at $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $698.00, for a total transaction of $69,800.00. Following the completion of the sale, the director directly owned 676 shares in the company, valued at approximately $471,848. The trade was a 12.89% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 61,099 shares of company stock worth $46,431,020. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.