NewEdge Advisors LLC Buys 2,301 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

NewEdge Advisors LLC grew its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 31.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,709 shares of the semiconductor company’s stock after acquiring an additional 2,301 shares during the period. NewEdge Advisors LLC’s holdings in Monolithic Power Systems were worth $7,978,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Monolithic Power Systems by 19.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock worth $37,583,000 after purchasing an additional 9,125 shares in the last quarter. Cim LLC purchased a new position in shares of Monolithic Power Systems during the fourth quarter valued at $2,197,000. Cetera Investment Advisers increased its stake in shares of Monolithic Power Systems by 237.3% during the first quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock valued at $4,583,000 after buying an additional 4,760 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Monolithic Power Systems by 4.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 115,098 shares of the semiconductor company’s stock worth $77,970,000 after acquiring an additional 5,335 shares during the period. Finally, Czech National Bank grew its holdings in Monolithic Power Systems by 9.8% during the 2nd quarter. Czech National Bank now owns 9,274 shares of the semiconductor company’s stock worth $7,620,000 after acquiring an additional 824 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MPWR has been the subject of several research reports. Rosenblatt Securities upped their price target on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Oppenheimer increased their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. TD Cowen raised Monolithic Power Systems to a “strong-buy” rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft raised their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, KeyCorp upped their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of “Buy” and an average target price of $952.30.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $924.50 on Tuesday. Monolithic Power Systems, Inc. has a one year low of $392.10 and a one year high of $959.64. The firm has a market cap of $45.00 billion, a price-to-earnings ratio of 110.19, a PEG ratio of 4.13 and a beta of 1.12. The firm’s fifty day moving average is $869.22 and its two-hundred day moving average is $783.50.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The business had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. During the same period last year, the company posted $2.05 EPS. The business’s revenue was up 15.0% on a year-over-year basis. As a group, equities research analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $1.25 per share. The ex-dividend date is Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.54%. Monolithic Power Systems’s payout ratio is 59.59%.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 10,999 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $843.83, for a total value of $9,281,286.17. Following the completion of the sale, the executive vice president now owns 118,876 shares of the company’s stock, valued at approximately $100,311,135.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Maurice Sciammas sold 10,999 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $843.83, for a total value of $9,281,286.17. Following the completion of the transaction, the executive vice president now directly owns 118,876 shares in the company, valued at $100,311,135.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Hsing sold 9,614 shares of Monolithic Power Systems stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $831.58, for a total value of $7,994,810.12. Following the completion of the sale, the chief executive officer now owns 868,122 shares in the company, valued at approximately $721,912,892.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,034 shares of company stock worth $48,181,625. Insiders own 3.20% of the company’s stock.

About Monolithic Power Systems

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.