Mitsubishi UFJ Asset Management Co. Ltd. Boosts Holdings in Monolithic Power Systems, Inc. $MPWR

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 112,332 shares of the semiconductor company’s stock after acquiring an additional 2,398 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.23% of Monolithic Power Systems worth $103,417,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MPWR. Norges Bank purchased a new position in Monolithic Power Systems in the 2nd quarter worth $438,014,000. JPMorgan Chase & Co. grew its stake 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 valued at $626,592,000 after buying an additional 227,159 shares during the last quarter. Rakuten Investment Management Inc. purchased a new position in shares of Monolithic Power Systems in the third quarter worth about $197,260,000. Rafferty Asset Management LLC lifted its stake in shares of Monolithic Power Systems by 36.1% in the 2nd quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock valued at $386,991,000 after acquiring an additional 140,269 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Monolithic Power Systems by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after acquiring an additional 134,087 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 22,875 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the completion of the transaction, the executive vice president owned 178,625 shares in the company, valued at approximately $209,198,455. This represents a 11.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Theodore Blegen sold 21,725 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $25,443,451.00. Following the transaction, the chief financial officer directly owned 82,353 shares of the company’s stock, valued at $96,448,539.48. This represents a 20.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 101,550 shares of company stock worth $116,980,720. 3.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MPWR shares. Needham & Company LLC lifted their price target on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Wells Fargo & Company lifted their target price on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Oppenheimer reissued an “outperform” rating and set a $1,300.00 price target on shares of Monolithic Power Systems in a research report on Thursday, January 29th. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Finally, Truist Financial upped their price objective 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. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $1,218.42.

Monolithic Power Systems Trading Down 3.2%

Shares of Monolithic Power Systems stock opened at $1,142.74 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,256.22. The company has a market cap of $54.75 billion, a P/E ratio of 89.70, a PEG ratio of 2.99 and a beta of 1.45. The company’s fifty day simple moving average is $1,073.56 and its two-hundred day simple moving average is $976.79.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share 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 18.09%. The firm had revenue of $751.16 million for the quarter, compared to analyst estimates of $741.69 million. During the same quarter in the previous year, the firm posted $4.09 EPS. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. Analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $2.00 per share. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date is Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.7%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 48.98%.

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.