NEOS Investment Management LLC Raises Stock Position in Monolithic Power Systems, Inc. $MPWR

NEOS Investment Management LLC grew its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 194.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,942 shares of the semiconductor company’s stock after acquiring an additional 1,282 shares during the period. NEOS Investment Management LLC’s holdings in Monolithic Power Systems were worth $1,788,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Zions Bancorporation National Association UT raised its holdings in Monolithic Power Systems by 54.3% during the third quarter. Zions Bancorporation National Association UT now owns 145 shares of the semiconductor company’s stock worth $133,000 after purchasing an additional 51 shares during the last quarter. Vanguard Group Inc. grew its holdings in Monolithic Power Systems by 2.3% in the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after purchasing an additional 134,087 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Monolithic Power Systems by 18.3% in the third quarter. Fifth Third Bancorp now owns 14,935 shares of the semiconductor company’s stock valued at $13,750,000 after buying an additional 2,314 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Monolithic Power Systems by 0.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock worth $794,723,000 after buying an additional 6,503 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of Monolithic Power Systems by 4.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 16,676 shares of the semiconductor company’s stock worth $15,353,000 after buying an additional 660 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on MPWR shares. Needham & Company LLC raised their target price on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a report on Friday, February 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Monolithic Power Systems in a research report on Friday, December 26th. Wells Fargo & Company raised their price objective on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Stifel Nicolaus lifted their price objective on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Finally, Rosenblatt Securities upped their target price on Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Monolithic Power Systems has an average rating of “Buy” and a consensus price target of $1,218.42.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $1,204.10 on Friday. The company has a 50-day simple moving average of $1,047.98 and a 200-day simple moving average of $963.25. The company has a market cap of $57.69 billion, a PE ratio of 94.51, a price-to-earnings-growth ratio of 2.98 and a beta of 1.45. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $1,250.00.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.05. The firm had revenue of $751.16 million for the quarter, compared to analyst estimates of $741.69 million. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.09%. Monolithic Power Systems’s revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the business earned $4.09 earnings per share. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $2.00 dividend. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date is Tuesday, March 31st. This represents a $8.00 annualized dividend and a yield of 0.7%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 48.98%.

Insider Buying and Selling

In related news, CFO Theodore Blegen sold 21,725 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total transaction of $25,443,451.00. Following the completion of the transaction, the chief financial officer owned 82,353 shares of the company’s stock, valued at approximately $96,448,539.48. This represents a 20.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Victor K. Lee sold 400 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $1,212.16, for a total transaction of $484,864.00. Following the transaction, the director directly owned 27,756 shares in the company, valued at approximately $33,644,712.96. This represents a 1.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 125,626 shares of company stock worth $139,159,251 over the last ninety days. Insiders own 3.40% of the company’s stock.

About Monolithic Power Systems

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.