Monolithic Power Systems, Inc. $MPWR Shares Acquired by DNB Asset Management AS

DNB Asset Management AS increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 8.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,147 shares of the semiconductor company’s stock after buying an additional 2,081 shares during the period. DNB Asset Management AS owned about 0.06% of Monolithic Power Systems worth $24,993,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Penserra Capital Management LLC grew its holdings in shares of Monolithic Power Systems by 88.9% during the third quarter. Penserra Capital Management LLC now owns 2,191 shares of the semiconductor company’s stock worth $2,016,000 after purchasing an additional 1,031 shares during the last quarter. AE Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at about $1,121,000. Candriam S.C.A. boosted its position in shares of Monolithic Power Systems by 6.9% in the 3rd quarter. Candriam S.C.A. now owns 85,907 shares of the semiconductor company’s stock valued at $79,089,000 after purchasing an additional 5,561 shares during the period. Vanguard Group Inc. grew its stake in Monolithic Power Systems by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after buying an additional 134,087 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. acquired a new position in Monolithic Power Systems during the third quarter worth approximately $502,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $1,142.74 on Friday. The stock has a market capitalization of $54.75 billion, a P/E ratio of 89.70, a P/E/G ratio of 2.99 and a beta of 1.45. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $1,256.22. The company’s fifty day moving average is $1,073.56 and its two-hundred day moving average is $976.79.

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

Monolithic Power Systems Increases Dividend

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

Insider Buying and Selling at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 21,725 shares of the firm’s 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 value of $25,443,451.00. Following the completion of the sale, the chief financial officer directly owned 82,353 shares of the company’s stock, valued at $96,448,539.48. This trade represents a 20.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Deming Xiao sold 22,875 shares of Monolithic Power Systems 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 completion of the sale, the executive vice president owned 235,932 shares in the company, valued at approximately $276,314,121.12. This trade represents a 8.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 101,550 shares of company stock worth $116,980,720. 3.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Rosenblatt Securities increased their price objective on Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. KeyCorp lifted their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Monolithic Power Systems in a report on Friday, December 26th. Finally, Oppenheimer reissued an “outperform” rating and set a $1,300.00 price target on shares of Monolithic Power Systems in a report on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Monolithic Power Systems currently has an average rating of “Buy” and a consensus price target of $1,218.42.

Monolithic Power Systems 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.