IFM Investors Pty Ltd Purchases Shares of 9,569 Monolithic Power Systems, Inc. $MPWR

IFM Investors Pty Ltd acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,569 shares of the semiconductor company’s stock, valued at approximately $10,462,000.

Other hedge funds have also recently made changes to their positions in the company. iA Global Asset Management Inc. lifted its holdings in shares of Monolithic Power Systems by 154.3% in the first quarter. iA Global Asset Management Inc. now owns 15,146 shares of the semiconductor company’s stock worth $16,560,000 after buying an additional 9,190 shares in the last quarter. Premier Path Wealth Partners LLC purchased a new position in shares of Monolithic Power Systems in the 1st quarter worth $300,000. Moss Adams Wealth Advisors LLC bought a new stake in shares of Monolithic Power Systems in the 1st quarter worth about $203,000. Inspire Investing LLC increased its holdings in shares of Monolithic Power Systems by 5.6% in the 1st quarter. Inspire Investing LLC now owns 10,672 shares of the semiconductor company’s stock worth $11,668,000 after buying an additional 567 shares during the last quarter. Finally, Simmons Bank purchased a new stake in shares of Monolithic Power Systems during the 1st quarter valued at about $1,275,000. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on MPWR shares. KeyCorp lifted their price target on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Truist Financial set a $1,805.00 price objective on Monolithic Power Systems in a research report on Friday, May 1st. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 1st. Wells Fargo & Company lifted their target price on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Needham & Company LLC boosted their target price on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,599.17.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Eugen J. Elmiger sold 12,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total value of $19,019,520.00. Following the transaction, the director owned 5,402 shares of the company’s stock, valued at $8,561,953.92. This represents a 68.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Deming Xiao sold 30,000 shares of the stock in a transaction 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 completion of the sale, the executive vice president owned 205,959 shares in the company, valued at approximately $340,769,463.45. The trade was a 12.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 85,939 shares of company stock worth $133,279,108 over the last quarter. 3.60% of the stock is owned by insiders.

Monolithic Power Systems Trading Down 3.7%

Shares of NASDAQ:MPWR opened at $1,331.73 on Thursday. Monolithic Power Systems, Inc. has a 12 month low of $686.87 and a 12 month high of $1,714.09. The company has a market capitalization of $65.43 billion, a price-to-earnings ratio of 96.02, a PEG ratio of 2.47 and a beta of 1.71. The firm’s 50-day moving average is $1,547.12 and its 200 day moving average is $1,256.46.

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

Monolithic Power Systems Dividend Announcement

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 paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 57.68%.

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.