Morningstar Investment Management LLC Increases Stake in Monolithic Power Systems, Inc. $MPWR

Morningstar Investment Management LLC raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 343.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 2,252 shares of the semiconductor company’s stock after acquiring an additional 1,744 shares during the period. Morningstar Investment Management LLC’s holdings in Monolithic Power Systems were worth $2,462,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its stake in shares of Monolithic Power Systems by 2.1% in the fourth quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company’s stock worth $1,979,610,000 after purchasing an additional 45,715 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in Monolithic Power Systems by 3,719.6% in the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock worth $1,855,476,000 after buying an additional 1,993,576 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Monolithic Power Systems by 7.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company’s stock worth $1,533,013,000 after buying an additional 117,596 shares during the period. Invesco Ltd. grew its position in shares of Monolithic Power Systems by 25.9% in the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock worth $1,300,345,000 after buying an additional 295,556 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Monolithic Power Systems by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 1,382,280 shares of the semiconductor company’s stock worth $1,248,436,000 after buying an additional 44,583 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $1,333.81 on Friday. The stock has a 50 day moving average price of $1,461.46 and a 200-day moving average price of $1,301.85. Monolithic Power Systems, Inc. has a one year low of $704.02 and a one year high of $1,714.09. The company has a market capitalization of $65.53 billion, a P/E ratio of 96.17, a P/E/G ratio of 2.38 and a beta of 1.71.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The firm had revenue of $804.19 million during the quarter, compared to analyst estimates of $781.93 million. During the same quarter last year, the business earned $4.04 EPS. The business’s revenue was up 26.1% on a year-over-year basis. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 20.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $2.00 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. Monolithic Power Systems’s payout ratio is presently 57.68%.

Analysts Set New Price Targets

A number of brokerages have recently commented on MPWR. Raymond James Financial restated an “outperform” rating and set a $1,800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 1st. Needham & Company LLC boosted their target price on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a report on Friday, May 1st. TD Cowen raised their price target on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a report on Friday, May 1st. Weiss Ratings upgraded shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. Finally, Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average price target of $1,657.27.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Deming Xiao sold 30,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the completion of the sale, the executive vice president directly owned 205,959 shares in the company, valued at approximately $340,769,463.45. This represents a 12.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Saria Tseng sold 7,565 shares of Monolithic Power Systems stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the completion of the sale, the executive vice president owned 144,218 shares of the company’s stock, valued at $245,170,600. The trade was a 4.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 69,370 shares of company stock valued at $112,702,503 over the last 90 days. 3.60% of the stock is owned by insiders.

About Monolithic Power Systems

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.