MV Capital Management Inc. Invests $3.33 Million in Monolithic Power Systems, Inc. $MPWR

MV Capital Management Inc. bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, Holdings Channel reports. The fund bought 3,671 shares of the semiconductor company’s stock, valued at approximately $3,327,000.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Monolithic Power Systems by 2.1% in the 4th quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company’s stock valued at $1,979,610,000 after acquiring an additional 45,715 shares in the last quarter. Corient Private Wealth LLC grew its holdings in Monolithic Power Systems by 3,719.6% in the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock worth $1,855,476,000 after purchasing an additional 1,993,576 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Monolithic Power Systems by 7.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company’s stock worth $1,533,013,000 after purchasing an additional 117,596 shares during the period. Invesco Ltd. increased its stake in Monolithic Power Systems by 25.9% in the fourth quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock valued at $1,300,345,000 after purchasing an additional 295,556 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Monolithic Power Systems by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 1,382,280 shares of the semiconductor company’s stock valued at $1,248,436,000 after purchasing an additional 44,583 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Up 8.0%

MPWR opened at $1,563.70 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $671.18 and a 1-year high of $1,714.09. The company has a market cap of $76.82 billion, a price-to-earnings ratio of 112.74, a PEG ratio of 2.59 and a beta of 1.69. The company’s fifty day moving average price is $1,541.36 and its two-hundred day moving average price is $1,227.74.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.90 by $0.20. The firm had revenue of $804.19 million during the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business’s revenue was up 26.1% on a year-over-year basis. During the same period last year, the company earned $4.04 earnings per share. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $8.00 annualized dividend and a yield of 0.5%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 57.68%.

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Jeff Zhou sold 1,014 shares of Monolithic Power Systems stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $1,587.06, for a total transaction of $1,609,278.84. Following the completion of the transaction, the director owned 4,786 shares in the company, valued at approximately $7,595,669.16. The trade was a 17.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deming Xiao sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the sale, the executive vice president directly owned 205,959 shares of the company’s stock, valued at $340,769,463.45. This represents a 12.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 113,043 shares of company stock worth $160,843,106 in the last 90 days. Company insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

MPWR has been the topic of several research reports. KeyCorp upped their price objective on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Truist Financial set a $1,805.00 target price on Monolithic Power Systems in a research note on Friday, May 1st. Zacks Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, TD Cowen raised their price objective on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,599.17.

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.