Mitsubishi UFJ Trust & Banking Corp Purchases 2,244 Shares of Monolithic Power Systems, Inc. $MPWR

Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 8.2% during the 4th quarter, Holdings Channel reports. The fund owned 29,599 shares of the semiconductor company’s stock after buying an additional 2,244 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Monolithic Power Systems were worth $26,827,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MPWR. SG Americas Securities LLC boosted its stake in Monolithic Power Systems by 77,483.1% during the 4th quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock worth $237,676,000 after acquiring an additional 261,893 shares during the last quarter. Rakuten Investment Management Inc. bought a new position in Monolithic Power Systems in the third quarter valued at approximately $197,260,000. First Trust Advisors LP lifted its stake in Monolithic Power Systems by 66.4% in the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock valued at $412,263,000 after buying an additional 178,622 shares in the last quarter. Rafferty Asset Management LLC lifted its stake in 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, Vanguard Group Inc. lifted its stake in Monolithic Power Systems by 2.3% in the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after buying an additional 134,087 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Up 1.5%

NASDAQ MPWR opened at $1,526.84 on Thursday. Monolithic Power Systems, Inc. has a 12-month low of $562.38 and a 12-month high of $1,661.79. The company has a market capitalization of $75.00 billion, a PE ratio of 119.85, a price-to-earnings-growth ratio of 4.02 and a beta of 1.48. The firm’s 50 day moving average is $1,219.75 and its 200-day moving average is $1,082.15.

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 analysts’ consensus estimates of $4.74 by $0.05. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The company 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 company earned $4.09 earnings per share. The firm’s revenue was up 20.8% compared to the same quarter last year. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 17.01 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date was Tuesday, March 31st. Monolithic Power Systems’s dividend payout ratio is 62.79%.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $1,116.44, for a total value of $33,493.20. Following the sale, the executive vice president directly owned 1,239 shares in the company, valued at $1,383,269.16. This trade represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Theodore Blegen sold 21,725 shares of Monolithic Power Systems 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 sale, the chief financial officer owned 82,353 shares in the company, valued at $96,448,539.48. This trade represents a 20.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 137,683 shares of company stock valued at $158,138,447 over the last ninety days. 3.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Zacks Research lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Stifel Nicolaus lifted their price target on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Truist Financial lifted their price target 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. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Finally, Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,260.08.

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.