Man Group plc Makes New $51.30 Million Investment in Monolithic Power Systems, Inc. $MPWR

Man Group plc purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 37,110 shares of the semiconductor company’s stock, valued at approximately $51,299,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. IFP Advisors Inc boosted its position in shares of Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares during the last quarter. Covestor Ltd increased its position in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 9 shares during the last quarter. Danske Bank A S acquired a new position in Monolithic Power Systems during the second quarter worth approximately $36,000. Greenline Wealth Management LLC purchased a new position in Monolithic Power Systems during the fourth quarter worth approximately $38,000. Finally, Sunbelt Securities Inc. raised its stake in Monolithic Power Systems by 233.3% during the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $1,303.88 on Thursday. The stock’s 50-day moving average is $1,359.26 and its two-hundred day moving average is $1,350.32. The stock has a market cap of $64.08 billion, a PE ratio of 79.94 and a beta of 1.69. Monolithic Power Systems, Inc. has a 12 month low of $800.97 and a 12 month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $903.30 million. During the same quarter in the prior year, the business earned $4.21 earnings per share. The company’s revenue was up 47.6% compared to the same quarter last year. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is currently 49.05%.

Insider Activity at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 50 shares of the company’s 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 completion of the transaction, the director directly owned 515 shares in the company, valued at approximately $660,008.55. This represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maurice Sciammas sold 30 shares of the firm’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 sale, the executive vice president directly owned 1,119 shares of the company’s stock, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 190 shares of company stock valued at $261,964 in the last ninety days. 3.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MPWR has been the subject of several research reports. Arete Research set a $2,013.00 price objective on shares of Monolithic Power Systems and gave the company a “buy” rating in a research note on Thursday, August 20th. Wells Fargo & Company lifted their target price on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an “overweight” rating in a report on Friday, July 31st. KeyCorp boosted their price target on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Raymond James Financial restated an “outperform” rating on shares of Monolithic Power Systems in a report on Wednesday, August 12th. Finally, Oppenheimer set a $1,700.00 price objective on Monolithic Power Systems in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,731.42.

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.