UBS Group AG Purchases 25,783 Shares of Monolithic Power Systems, Inc. $MPWR

UBS Group AG boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 528,319 shares of the semiconductor company’s stock after purchasing an additional 25,783 shares during the period. UBS Group AG owned about 1.10% of Monolithic Power Systems worth $486,392,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MPWR. True Wealth Design LLC increased its holdings in Monolithic Power Systems by 61.1% during the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after buying an additional 11 shares during the last quarter. Fortress Financial Solutions LLC boosted its stake in Monolithic Power Systems by 1.7% in the second quarter. Fortress Financial Solutions LLC now owns 709 shares of the semiconductor company’s stock valued at $518,000 after acquiring an additional 12 shares during the last quarter. Cromwell Holdings LLC grew its position in shares of Monolithic Power Systems by 9.2% during the 3rd quarter. Cromwell Holdings LLC now owns 143 shares of the semiconductor company’s stock valued at $132,000 after acquiring an additional 12 shares during the period. Sagespring Wealth Partners LLC grew its position in shares of Monolithic Power Systems by 2.4% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 512 shares of the semiconductor company’s stock valued at $471,000 after acquiring an additional 12 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Monolithic Power Systems by 2.5% during the 3rd quarter. UMB Bank n.a. now owns 492 shares of the semiconductor company’s stock worth $453,000 after purchasing an additional 12 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 analysts have issued reports on the company. Truist Financial boosted their target price on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Wells Fargo & Company lifted their price objective on Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Citigroup boosted their price objective on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Finally, Stifel Nicolaus upped their price objective 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 Wednesday, February 4th. One investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,218.42.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Saria Tseng sold 22,875 shares of the 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 value of $26,790,285.00. Following the sale, the executive vice president directly owned 200,626 shares in the company, valued at $234,965,146.16. This represents a 10.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Deming Xiao sold 22,875 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the completion of the sale, the executive vice president owned 235,932 shares in the company, valued at $276,314,121.12. This represents a 8.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 98,550 shares of company stock valued at $114,256,090 in the last three months. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock traded up $18.57 during trading hours on Friday, reaching $1,052.45. The company had a trading volume of 85,493 shares, compared to its average volume of 610,980. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,256.22. The business has a fifty day simple moving average of $1,098.21 and a 200 day simple moving average of $991.21. The firm has a market cap of $51.70 billion, a PE ratio of 82.80, a price-to-earnings-growth ratio of 2.71 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.74 by $0.05. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The company had revenue of $751.16 million for the quarter, compared to analyst estimates of $741.69 million. During the same period in the previous year, the company posted $4.09 EPS. The firm’s revenue for the quarter was up 20.8% compared to the same quarter last year. On average, research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. Monolithic Power Systems’s payout ratio is currently 48.98%.

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.