Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 76.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,884 shares of the semiconductor company’s stock after buying an additional 818 shares during the quarter. Public Sector Pension Investment Board’s holdings in Monolithic Power Systems were worth $1,548,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new position in shares of Monolithic Power Systems in the second quarter worth about $25,000. RiverPark Advisors LLC purchased a new stake in Monolithic Power Systems during the 1st quarter worth approximately $27,000. Atwood & Palmer Inc. acquired a new position in shares of Monolithic Power Systems in the 2nd quarter valued at approximately $33,000. Crewe Advisors LLC boosted its stake in shares of Monolithic Power Systems by 126.3% during the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares during the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of Monolithic Power Systems during the second quarter worth approximately $36,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, CEO Michael Hsing sold 9,614 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 $7,994,810.12. Following the sale, the chief executive officer now owns 868,122 shares of the company’s stock, valued at approximately $721,912,892.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Deming Xiao sold 3,205 shares of the business’s stock in a transaction that occurred 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 owns 203,213 shares of the company’s stock, valued at $168,987,866.54. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Hsing sold 9,614 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was 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 of the company’s stock, valued at $721,912,892.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,034 shares of company stock worth $48,181,625. Company insiders own 3.20% of the company’s stock.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $924.50 on Tuesday. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $959.64. The business has a 50 day simple moving average of $869.22 and a 200 day simple moving average of $783.50. The firm has a market capitalization of $45.00 billion, a P/E ratio of 110.19, a P/E/G ratio of 4.13 and a beta of 1.12.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, topping the consensus estimate of $3.07 by $0.10. The business had revenue of $507.40 million during the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.05 earnings per share. Research analysts anticipate that Monolithic Power Systems, Inc. will post 10.41 EPS 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. Stockholders 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 dividend yield of 0.54%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Analysts Set New Price Targets

Several analysts recently issued reports on MPWR shares. KeyCorp upped their price target on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Truist Financial upped their target price on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” 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 company an “outperform” rating in a report on Friday, August 2nd. Stifel Nicolaus increased their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 2nd. 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 company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $952.30.

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.