Grantham Mayo Van Otterloo & Co. LLC Invests $1.30 Million in Monolithic Power Systems, Inc. $MPWR

Grantham Mayo Van Otterloo & Co. LLC purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,408 shares of the semiconductor company’s stock, valued at approximately $1,296,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MPWR. Norges Bank purchased a new stake in shares of Monolithic Power Systems in the 2nd quarter worth approximately $438,014,000. JPMorgan Chase & Co. increased its holdings in Monolithic Power Systems by 36.1% during the second quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock valued at $626,592,000 after buying an additional 227,159 shares during the period. Rakuten Investment Management Inc. bought a new position in Monolithic Power Systems in the third quarter worth approximately $197,260,000. First Trust Advisors LP raised its stake in Monolithic Power Systems by 66.4% in the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock worth $412,263,000 after buying an additional 178,622 shares in the last quarter. Finally, Rafferty Asset Management LLC lifted its holdings in Monolithic Power Systems by 36.1% during the second quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock worth $386,991,000 after buying an additional 140,269 shares during the period. Institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MPWR. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. KeyCorp upped their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Stifel Nicolaus raised their price objective on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Citigroup lifted their target price 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, Wells Fargo & Company increased their price target on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,218.42.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Deming Xiao 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 completion of the transaction, the executive vice president directly owned 235,932 shares of the company’s stock, valued at $276,314,121.12. This trade represents a 8.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 200 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $1,179.97, for a total transaction of $235,994.00. Following the completion of the sale, the executive vice president owned 1,299 shares of the company’s stock, valued at $1,532,781.03. This trade represents a 13.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 98,550 shares of company stock valued at $114,256,090. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Trading Down 0.6%

Shares of MPWR stock opened at $1,055.82 on Wednesday. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,256.22. The business’s fifty day simple moving average is $1,092.36 and its 200-day simple moving average is $990.35. The company has a market cap of $51.86 billion, a PE ratio of 82.87, a PEG ratio of 2.69 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, topping 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 firm had revenue of $751.16 million during the quarter, compared to analysts’ expectations of $741.69 million. During the same quarter last year, the firm earned $4.09 EPS. The business’s quarterly revenue was up 20.8% on a year-over-year basis. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share 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 boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 31st. Monolithic Power Systems’s dividend payout ratio is 48.98%.

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.