National Bank of Canada FI Raises Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

National Bank of Canada FI increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 364.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,960 shares of the semiconductor company’s stock after purchasing an additional 67,444 shares during the period. National Bank of Canada FI owned 0.18% of Monolithic Power Systems worth $70,435,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TD Asset Management Inc lifted its position in shares of Monolithic Power Systems by 10.9% in the second quarter. TD Asset Management Inc now owns 23,870 shares of the semiconductor company’s stock valued at $19,614,000 after acquiring an additional 2,350 shares in the last quarter. Larson Financial Group LLC raised its stake in Monolithic Power Systems by 0.8% in the 2nd quarter. Larson Financial Group LLC now owns 6,969 shares of the semiconductor company’s stock valued at $5,726,000 after purchasing an additional 58 shares during the last quarter. Fortis Capital Advisors LLC lifted its holdings in Monolithic Power Systems by 66.0% in the 2nd quarter. Fortis Capital Advisors LLC now owns 704 shares of the semiconductor company’s stock valued at $578,000 after purchasing an additional 280 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Monolithic Power Systems by 2.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 4,209 shares of the semiconductor company’s stock worth $3,458,000 after purchasing an additional 100 shares during the last quarter. Finally, Comgest Global Investors S.A.S. grew its holdings in shares of Monolithic Power Systems by 21.2% during the second quarter. Comgest Global Investors S.A.S. now owns 39,871 shares of the semiconductor company’s stock worth $32,761,000 after buying an additional 6,973 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Needham & Company LLC raised their price objective on Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Truist Financial lifted their price objective on Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. KeyCorp increased their target price 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. Finally, Raymond James lifted their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $912.30.

Insider Buying and Selling

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Tuesday, September 3rd. The shares were 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 of the company’s stock, valued at $55,769,247.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deming Xiao sold 10,000 shares of Monolithic Power Systems stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the completion of the transaction, the executive vice president now directly owns 29,714 shares of the company’s stock, valued at $28,228,300. The disclosure for this sale can be found here. Over the last three months, insiders sold 98,299 shares of company stock worth $83,140,933. Corporate insiders own 3.20% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $841.49 on Friday. The company’s 50 day moving average price is $853.93 and its 200 day moving average price is $764.28. 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 capitalization of $40.96 billion, a price-to-earnings ratio of 100.30, a PEG ratio of 4.32 and a beta of 1.12.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, topping 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 analysts’ expectations of $490.66 million. During the same quarter in the previous year, the firm posted $2.05 earnings per share. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $1.25 per share. The ex-dividend date was Friday, June 28th. This represents a $5.00 annualized dividend and a dividend yield of 0.59%. Monolithic Power Systems’s payout ratio 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.