Zevenbergen Capital Investments LLC Has $68.74 Million Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Zevenbergen Capital Investments LLC grew its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 76.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,668 shares of the semiconductor company’s stock after buying an additional 32,240 shares during the period. Monolithic Power Systems makes up 1.3% of Zevenbergen Capital Investments LLC’s holdings, making the stock its 23rd biggest position. Zevenbergen Capital Investments LLC owned 0.16% of Monolithic Power Systems worth $68,742,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Monolithic Power Systems during the second quarter worth about $438,014,000. Price T Rowe Associates Inc. MD grew its position in shares of Monolithic Power Systems by 33.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,034,731 shares of the semiconductor company’s stock worth $1,180,104,000 after purchasing an additional 506,430 shares in the last quarter. JPMorgan Chase & Co. increased 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 worth $626,592,000 after purchasing an additional 227,159 shares during the period. Rafferty Asset Management LLC raised its position in shares of Monolithic Power Systems by 36.1% in the second quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock valued at $386,991,000 after buying an additional 140,269 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Monolithic Power Systems by 87.9% in the first quarter. BNP Paribas Financial Markets now owns 284,097 shares of the semiconductor company’s stock valued at $164,771,000 after buying an additional 132,880 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

MPWR stock opened at $937.11 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $1,123.38. The stock has a market cap of $44.90 billion, a price-to-earnings ratio of 23.93, a P/E/G ratio of 3.14 and a beta of 1.47. The company has a 50 day simple moving average of $968.42 and a 200 day simple moving average of $858.03.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.11. The company had revenue of $737.18 million for the quarter, compared to analysts’ expectations of $720.66 million. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.The business’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the business posted $4.06 earnings per share. On average, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Monolithic Power Systems’s payout ratio is currently 15.93%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MPWR shares. Truist Financial increased their price target on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Company increased their target price on Monolithic Power Systems from $750.00 to $970.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. TD Cowen raised their price target on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Citigroup upped their price objective on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, Cowen reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,074.58.

Insider Buying and Selling

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $896.97, for a total transaction of $89,697.00. Following the completion of the sale, the director owned 426 shares of the company’s stock, valued at approximately $382,109.22. This represents a 19.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $908.21, for a total transaction of $2,724,630.00. Following the transaction, the chief financial officer owned 71,332 shares of the company’s stock, valued at approximately $64,784,435.72. The trade was a 4.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 86,516 shares of company stock valued at $80,331,635. 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.