Pacer Advisors Inc. Increases Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Pacer Advisors Inc. lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 9.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,870 shares of the semiconductor company’s stock after purchasing an additional 684 shares during the quarter. Pacer Advisors Inc.’s holdings in Monolithic Power Systems were worth $6,467,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC increased its holdings in shares of Monolithic Power Systems by 3.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after purchasing an additional 12 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Monolithic Power Systems by 23.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 15 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in Monolithic Power Systems by 2.8% during the second 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 increased its stake in 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 acquiring an additional 16 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in 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 worth $174,000 after acquiring an additional 18 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MPWR. KeyCorp boosted their price objective 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. Raymond James boosted their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Truist Financial boosted their price objective 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. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Finally, Rosenblatt Securities boosted their target price on Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research report on Monday, July 29th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Monolithic Power Systems currently has a consensus rating of “Buy” and a consensus target price of $912.30.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $893.29 on Tuesday. The firm has a market capitalization of $43.48 billion, a price-to-earnings ratio of 106.47, a PEG ratio of 4.14 and a beta of 1.12. The stock has a 50 day moving average price of $862.50 and a 200 day moving average price of $777.88. Monolithic Power Systems, Inc. has a 52-week low of $392.10 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results 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. The firm had revenue of $507.40 million during the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. Monolithic Power Systems’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.05 earnings per share. Analysts forecast that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company 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 $1.25 dividend. The ex-dividend date is Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.56%. Monolithic Power Systems’s payout ratio is 59.59%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 3,205 shares of the company’s 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 completion of the sale, the executive vice president now owns 203,213 shares in the company, valued at $168,987,866.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Monolithic Power Systems news, Director Victor K. Lee sold 1,000 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $820.46, for a total transaction of $820,460.00. Following the completion of the sale, the director now owns 29,232 shares in the company, valued at $23,983,686.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Deming Xiao sold 3,205 shares of the company’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $831.58, for a total value of $2,665,213.90. Following the sale, the executive vice president now owns 203,213 shares of the company’s stock, valued at approximately $168,987,866.54. The disclosure for this sale can be found here. Over the last quarter, insiders sold 98,299 shares of company stock worth $83,140,933. Company insiders own 3.20% of the company’s stock.

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.