UniSuper Management Pty Ltd Boosts Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

UniSuper Management Pty Ltd boosted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 31.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,504 shares of the semiconductor company’s stock after acquiring an additional 1,789 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Monolithic Power Systems were worth $5,083,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MPWR. Nordea Investment Management AB grew its stake in Monolithic Power Systems by 4.3% in the 4th quarter. Nordea Investment Management AB now owns 2,988 shares of the semiconductor company’s stock worth $1,864,000 after buying an additional 123 shares in the last quarter. Raymond James Trust N.A. increased its stake in Monolithic Power Systems by 2.2% in the fourth quarter. Raymond James Trust N.A. now owns 1,670 shares of the semiconductor company’s stock valued at $1,053,000 after acquiring an additional 36 shares during the last quarter. SG Americas Securities LLC raised its position in Monolithic Power Systems by 324.6% during the fourth quarter. SG Americas Securities LLC now owns 8,848 shares of the semiconductor company’s stock valued at $5,581,000 after purchasing an additional 6,764 shares in the last quarter. HB Wealth Management LLC lifted its stake in Monolithic Power Systems by 15.5% during the fourth quarter. HB Wealth Management LLC now owns 783 shares of the semiconductor company’s stock worth $494,000 after purchasing an additional 105 shares during the last quarter. Finally, CoreCap Advisors LLC bought a new stake in Monolithic Power Systems during the fourth quarter worth about $225,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. KeyCorp upped their target price on Monolithic Power Systems from $850.00 to $975.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 9th. Wells Fargo & Company lifted their target price on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Truist Financial upped their price target on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a report on Thursday, May 2nd. Finally, Oppenheimer boosted their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $806.13.

Insider Buying and Selling at Monolithic Power Systems

In related news, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $661.85, for a total transaction of $5,294,800.00. Following the sale, the chief executive officer now owns 891,232 shares of the company’s stock, valued at $589,861,899.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Monolithic Power Systems news, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $661.85, for a total value of $5,294,800.00. Following the sale, the chief executive officer now directly owns 891,232 shares of the company’s stock, valued at $589,861,899.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $663.29, for a total value of $1,658,225.00. Following the completion of the sale, the chief financial officer now directly owns 75,723 shares in the company, valued at $50,226,308.67. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,310 shares of company stock valued at $63,163,317. 3.20% of the stock is currently owned by company insiders.

Monolithic Power Systems Stock Down 1.3 %

Shares of MPWR traded down $10.99 during trading hours on Tuesday, reaching $846.41. 310,346 shares of the company traded hands, compared to its average volume of 516,673. Monolithic Power Systems, Inc. has a 12 month low of $392.10 and a 12 month high of $891.67. The company’s fifty day moving average price is $798.12 and its two-hundred day moving average price is $714.98. The company has a market capitalization of $41.20 billion, a price-to-earnings ratio of 100.88, a price-to-earnings-growth ratio of 4.04 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.02. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. The business had revenue of $457.89 million for the quarter, compared to analysts’ expectations of $447.76 million. On average, analysts expect that Monolithic Power Systems, Inc. will post 10.37 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.00 dividend on an annualized basis and a yield of 0.59%. Monolithic Power Systems’s dividend payout ratio (DPR) is 59.59%.

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.