IvyRock Asset Management HK Ltd Acquires New Holdings in Monolithic Power Systems, Inc. $MPWR

IvyRock Asset Management HK Ltd acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 400 shares of the semiconductor company’s stock, valued at approximately $539,000. Monolithic Power Systems makes up approximately 0.3% of IvyRock Asset Management HK Ltd’s holdings, making the stock its 12th biggest holding.

Several other large investors have also recently added to or reduced their stakes in MPWR. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. grew its stake in shares of Monolithic Power Systems by 100.0% in the third quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 136 shares of the semiconductor company’s stock worth $183,000 after purchasing an additional 68 shares in the last quarter. Pier 88 Investment Partners LLC increased its holdings in shares of Monolithic Power Systems by 200.0% during the third quarter. Pier 88 Investment Partners LLC now owns 300 shares of the semiconductor company’s stock valued at $404,000 after purchasing an additional 200 shares during the period. Fifth Third Bancorp increased its holdings in shares of Monolithic Power Systems by 0.4% during the third quarter. Fifth Third Bancorp now owns 23,898 shares of the semiconductor company’s stock valued at $32,196,000 after purchasing an additional 95 shares during the period. Maryland State Retirement & Pension System raised its stake in shares of Monolithic Power Systems by 13.3% during the third quarter. Maryland State Retirement & Pension System now owns 2,883 shares of the semiconductor company’s stock valued at $3,884,000 after purchasing an additional 339 shares in the last quarter. Finally, Ritholtz Wealth Management raised its stake in shares of Monolithic Power Systems by 68.1% during the third quarter. Ritholtz Wealth Management now owns 464 shares of the semiconductor company’s stock valued at $625,000 after purchasing an additional 188 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Kuo Wei Chang sold 50 shares of Monolithic Power Systems stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the transaction, the director directly owned 515 shares of the company’s stock, valued at $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.60% of the stock is owned by corporate insiders.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $1,447.40 on Friday. The stock has a fifty day moving average price of $1,281.44 and a two-hundred day moving average price of $1,322.81. The firm has a market cap of $70.59 billion, a P/E ratio of 79.92 and a beta of 1.71. Monolithic Power Systems, Inc. has a 1 year low of $833.18 and a 1 year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, October 29th. The semiconductor company reported $8.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.79 by $0.40. Monolithic Power Systems had a return on equity of 25.23% and a net margin of 23.85%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the firm earned $4.73 EPS. The firm’s revenue for the quarter was up 63.1% on a year-over-year basis. On average, research analysts predict that Monolithic Power Systems, Inc. will post 23.72 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $8.00 annualized dividend and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 44.17%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MPWR shares. Wall Street Zen raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Sunday, October 25th. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 2nd. Wells Fargo & Company lowered their target price on shares of Monolithic Power Systems from $1,800.00 to $1,550.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 20th. KeyCorp boosted their price target on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Finally, Arete Research began coverage on shares of Monolithic Power Systems in a research note on Thursday, August 20th. They issued a “buy” rating and a $2,013.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $1,783.77.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc. (MPS) designs, develops and markets semiconductor-based power management solutions. Its products include power management integrated circuits, DC-to-DC converters, power modules, battery chargers, LED drivers and motor drivers, which help control and convert electrical power in electronic systems. The company’s products serve a range of markets, including computing and data storage, automotive, communications, consumer electronics and industrial applications. MPS sells to customers around the world through direct sales and distribution channels.