Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stake Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 151,406 shares of the semiconductor company’s stock after purchasing an additional 2,599 shares during the period. Dimensional Fund Advisors LP’s holdings in Monolithic Power Systems were worth $124,405,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Dynamic Advisor Solutions LLC boosted its holdings in Monolithic Power Systems by 3.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after buying an additional 12 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Monolithic Power Systems by 23.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 15 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of Monolithic Power Systems by 2.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 558 shares of the semiconductor company’s stock worth $458,000 after acquiring an additional 15 shares during the last quarter. HB Wealth Management LLC raised its position in shares of Monolithic Power Systems by 2.0% during the first quarter. HB Wealth Management LLC now owns 799 shares of the semiconductor company’s stock worth $541,000 after purchasing an additional 16 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of Monolithic Power Systems by 9.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 212 shares of the semiconductor company’s stock valued at $174,000 after purchasing an additional 18 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MPWR shares. KeyCorp lifted their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. TD Cowen raised shares of Monolithic Power Systems to a “strong-buy” rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Truist Financial lifted their price objective on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Oppenheimer increased their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $912.30.

Monolithic Power Systems Stock Down 2.2 %

Shares of NASDAQ:MPWR opened at $891.32 on Monday. The firm has a fifty day moving average of $862.05 and a two-hundred day moving average of $776.99. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $959.64. The firm has a market capitalization of $43.39 billion, a P/E ratio of 106.24, a price-to-earnings-growth ratio of 4.14 and a beta of 1.12.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The firm had revenue of $507.40 million during the quarter, compared to analysts’ expectations of $490.66 million. During the same quarter last year, the firm earned $2.05 earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. Equities research analysts expect that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $1.25 dividend. The ex-dividend date is Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.56%. Monolithic Power Systems’s dividend payout ratio is currently 59.59%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CEO Michael Hsing sold 2,672 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $804.57, for a total value of $2,149,811.04. Following the completion of the sale, the chief executive officer now directly owns 877,736 shares of the company’s stock, valued at $706,200,053.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Michael Hsing sold 2,672 shares of Monolithic Power Systems stock in a transaction on Monday, July 1st. The shares were sold at an average price of $804.57, for a total value of $2,149,811.04. Following the completion of the sale, the chief executive officer now owns 877,736 shares of the company’s stock, valued at approximately $706,200,053.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $804.19, for a total transaction of $2,010,475.00. Following the transaction, the chief financial officer now directly owns 69,986 shares in the company, valued at $56,282,041.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 98,299 shares of company stock valued at $83,140,933. 3.20% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.