New Century Financial Group LLC Buys 118 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

New Century Financial Group LLC lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 27.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 545 shares of the semiconductor company’s stock after acquiring an additional 118 shares during the quarter. New Century Financial Group LLC’s holdings in Monolithic Power Systems were worth $448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Monolithic Power Systems by 19.7% during 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 acquiring an additional 9,125 shares during the last quarter. Cim LLC acquired a new stake in Monolithic Power Systems during the fourth quarter worth approximately $2,197,000. Cetera Investment Advisers grew its stake in Monolithic Power Systems by 237.3% during the first quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock worth $4,583,000 after purchasing an additional 4,760 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Monolithic Power Systems by 4.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 115,098 shares of the semiconductor company’s stock worth $77,970,000 after purchasing an additional 5,335 shares during the period. Finally, Czech National Bank grew its stake in Monolithic Power Systems by 9.8% during the second quarter. Czech National Bank now owns 9,274 shares of the semiconductor company’s stock worth $7,620,000 after purchasing an additional 824 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on MPWR. Truist Financial raised their target price on Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Stifel Nicolaus raised their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. 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 note on Friday, August 2nd. TD Cowen raised Monolithic Power Systems to a “strong-buy” rating in a research note on Monday, September 16th. Finally, Needham & Company LLC raised their price objective on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems currently has an average rating of “Buy” and an average price target of $952.30.

Monolithic Power Systems Stock Down 3.5 %

MPWR stock opened at $891.81 on Wednesday. Monolithic Power Systems, Inc. has a twelve month low of $392.10 and a twelve month high of $959.64. The stock’s 50 day moving average is $870.56 and its 200-day moving average is $785.13. The firm has a market capitalization of $43.41 billion, a PE ratio of 106.29, a P/E/G ratio of 4.13 and a beta of 1.12.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share 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 company had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. During the same quarter last year, the company earned $2.05 earnings per share. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend 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 (DPR) is currently 59.59%.

Insider Buying and Selling

In related news, EVP Deming Xiao sold 3,205 shares of Monolithic Power Systems stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $831.58, for a total transaction of $2,665,213.90. Following the sale, the executive vice president now directly owns 203,213 shares in the company, valued at $168,987,866.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the sale, the chief financial officer now directly owns 61,678 shares in the company, valued at $55,769,247.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 3,205 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $831.58, for a total value of $2,665,213.90. Following the completion of the sale, the executive vice president now owns 203,213 shares in the company, valued at $168,987,866.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,034 shares of company stock worth $48,181,625. 3.20% of the stock is owned by company insiders.

Monolithic Power Systems 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.