Nykredit A S Buys New Stake in Monolithic Power Systems, Inc. $MPWR

Nykredit A S purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 23,578 shares of the semiconductor company’s stock, valued at approximately $32,593,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Monolithic Power Systems during the second quarter worth about $7,727,289,000. State Street Corp boosted its position in shares of Monolithic Power Systems by 2.1% in the 4th quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company’s stock valued at $1,979,610,000 after purchasing an additional 45,715 shares during the period. Corient Private Wealth LLC grew its stake in Monolithic Power Systems by 3,719.6% during 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 last quarter. Price T Rowe Associates Inc. MD grew its stake in Monolithic Power Systems by 7.5% during 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 last quarter. Finally, Invesco Ltd. increased its position in Monolithic Power Systems by 25.9% during the fourth 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 period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Down 0.5%

MPWR opened at $1,213.65 on Friday. The business has a 50 day moving average price of $1,329.98 and a two-hundred day moving average price of $1,353.08. The company has a market cap of $59.64 billion, a PE ratio of 74.41 and a beta of 1.66. Monolithic Power Systems, Inc. has a 52 week low of $817.57 and a 52 week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, beating the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The company had revenue of $980.64 million for the quarter, compared to the consensus estimate of $903.30 million. During the same period last year, the business posted $4.21 EPS. The company’s revenue was up 47.6% on a year-over-year basis. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 49.05%.

Analyst Upgrades and Downgrades

MPWR has been the subject of a number of research reports. Raymond James Financial reiterated an “outperform” rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. KeyCorp lifted their target price on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Wall Street Zen upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Truist Financial increased their price target on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,731.42.

Insiders Place Their Bets

In related news, Director Kuo Wei Chang sold 50 shares of Monolithic Power Systems stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the transaction, the director directly owned 515 shares in the company, valued at $660,008.55. This trade represents a 8.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the transaction, the executive vice president directly owned 1,119 shares in the company, valued at $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 160 shares of company stock worth $215,945. 3.60% of the stock is currently owned by insiders.

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.