Nisa Investment Advisors LLC Buys 4,364 Shares of Monolithic Power Systems, Inc. $MPWR

Nisa Investment Advisors LLC grew its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 38.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,806 shares of the semiconductor company’s stock after purchasing an additional 4,364 shares during the period. Nisa Investment Advisors LLC’s holdings in Monolithic Power Systems were worth $14,576,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MPWR. Vanguard Group Inc. raised its position in shares of Monolithic Power Systems by 0.3% during the second quarter. Vanguard Group Inc. now owns 5,939,946 shares of the semiconductor company’s stock valued at $4,344,358,000 after buying an additional 19,277 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Monolithic Power Systems by 36.1% during the second quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock valued at $626,592,000 after acquiring an additional 227,159 shares during the period. Bank of America Corp DE raised its holdings in Monolithic Power Systems by 18.0% in the 2nd quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock valued at $506,661,000 after acquiring an additional 105,721 shares in the last quarter. Norges Bank acquired a new position in Monolithic Power Systems in the 2nd quarter valued at approximately $438,014,000. Finally, Rafferty Asset Management LLC lifted its position in shares of Monolithic Power Systems by 36.1% in the 2nd quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock worth $386,991,000 after acquiring an additional 140,269 shares during the period. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $958.97 on Friday. The stock’s fifty day simple moving average is $940.55 and its 200 day simple moving average is $883.86. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,123.38. The firm has a market cap of $45.94 billion, a price-to-earnings ratio of 24.49, a P/E/G ratio of 2.72 and a beta of 1.45.

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

Monolithic Power Systems Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MPWR. Weiss Ratings reissued a “buy (b-)” rating on shares of Monolithic Power Systems in a report on Friday, December 26th. Needham & Company LLC raised their target price on Monolithic Power Systems from $820.00 to $1,025.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Cowen reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. Truist Financial boosted their price target on shares of Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, December 19th. Finally, Wells Fargo & Company raised their price objective on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus target price of $1,074.58.

Insider Activity

In other news, EVP Maurice Sciammas sold 3,976 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $895.23, for a total value of $3,559,434.48. Following the transaction, the executive vice president directly owned 144,330 shares of the company’s stock, valued at $129,208,545.90. The trade was a 2.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Victor K. Lee sold 600 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $930.86, for a total value of $558,516.00. Following the sale, the director directly owned 27,967 shares of the company’s stock, valued at $26,033,361.62. This represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 88,116 shares of company stock valued at $81,923,621. Corporate insiders own 3.40% of the company’s stock.

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.