Monolithic Power Systems, Inc. $MPWR Shares Bought by Osaic Holdings Inc.

Osaic Holdings Inc. grew its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 26.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,233 shares of the semiconductor company’s stock after buying an additional 1,511 shares during the quarter. Osaic Holdings Inc.’s holdings in Monolithic Power Systems were worth $5,105,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Trust bought a new position in Monolithic Power Systems during the 2nd quarter valued at $279,000. Orion Porfolio Solutions LLC increased its position in shares of Monolithic Power Systems by 14.6% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 3,753 shares of the semiconductor company’s stock worth $2,745,000 after purchasing an additional 477 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Monolithic Power Systems by 8.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,963 shares of the semiconductor company’s stock valued at $2,171,000 after purchasing an additional 226 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of Monolithic Power Systems by 7.6% during the second quarter. Advisory Services Network LLC now owns 840 shares of the semiconductor company’s stock worth $597,000 after purchasing an additional 59 shares during the last quarter. Finally, Cim LLC lifted its position in shares of Monolithic Power Systems by 4.1% during the second quarter. Cim LLC now owns 1,901 shares of the semiconductor company’s stock worth $1,390,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $943.55 on Wednesday. The business has a 50 day simple moving average of $967.19 and a 200 day simple moving average of $864.06. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,123.38. The stock has a market cap of $45.21 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 3.19 and a beta of 1.47.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.11. The business had revenue of $737.18 million for the quarter, compared to the consensus estimate of $720.66 million. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. Monolithic Power Systems’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter last year, the firm earned $4.06 EPS. On average, analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, December 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is 15.93%.

Insider Activity

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $896.97, for a total transaction of $89,697.00. Following the completion of the sale, the director directly owned 426 shares of the company’s stock, valued at approximately $382,109.22. This represents a 19.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Saria Tseng sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $926.47, for a total transaction of $18,529,400.00. Following the transaction, the executive vice president directly owned 187,331 shares of the company’s stock, valued at approximately $173,556,551.57. This represents a 9.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 86,516 shares of company stock valued at $80,331,635 over the last three months. Corporate insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

MPWR has been the subject of a number of research reports. Citigroup lifted their price objective on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Truist Financial lifted their price objective on shares of Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the company a “buy” rating in a research note on Friday, December 19th. KeyCorp increased their target price on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Wolfe Research set a $1,200.00 price target on Monolithic Power Systems and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Finally, Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus price target of $1,074.58.

Monolithic Power Systems Company Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.