Korea Investment CORP Invests $38.36 Million in Monolithic Power Systems, Inc. $MPWR

Korea Investment CORP bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 27,752 shares of the semiconductor company’s stock, valued at approximately $38,363,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPWR. EP Wealth Advisors LLC purchased a new stake in Monolithic Power Systems during the second quarter valued at about $1,282,000. Heartland Bank & Trust Co acquired a new stake in Monolithic Power Systems during the second quarter worth about $787,000. Rakuten Securities Inc. purchased a new position in shares of Monolithic Power Systems in the 2nd quarter worth about $82,000. Ieq Capital LLC purchased a new position in shares of Monolithic Power Systems in the 2nd quarter worth about $1,663,000. Finally, Callan Family Office LLC purchased a new position in shares of Monolithic Power Systems in the 2nd quarter worth about $2,519,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on MPWR shares. Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. Arete Research set a $2,013.00 target price on shares of Monolithic Power Systems and gave the stock a “buy” rating in a research report on Thursday. Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Raymond James Financial reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. Finally, Needham & Company LLC boosted their price objective on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average price target of $1,731.42.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the completion of the sale, the executive vice president owned 1,119 shares of the company’s stock, valued at $1,503,868.86. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Herbert Chang sold 50 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,420.00, for a total transaction of $71,000.00. Following the sale, the director owned 565 shares in the company, valued at $802,300. This represents a 8.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 8,191 shares of company stock valued at $13,874,865. Insiders own 3.60% of the company’s stock.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $1,316.28 on Friday. The business’s 50-day moving average is $1,373.38 and its two-hundred day moving average is $1,346.04. Monolithic Power Systems, Inc. has a 12 month low of $800.97 and a 12 month high of $1,714.09. The firm has a market capitalization of $64.68 billion, a PE ratio of 80.70 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $903.30 million. During the same quarter in the previous year, the firm posted $4.21 earnings per share. The firm’s quarterly revenue was up 47.6% on a year-over-year basis. Equities analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently announced 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. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 49.05%.

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.