PensionDanmark Pensionsforsikringsaktieselskab Has $12.19 Million Stock Holdings in Monolithic Power Systems, Inc. $MPWR

PensionDanmark Pensionsforsikringsaktieselskab raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 10.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,820 shares of the semiconductor company’s stock after acquiring an additional 860 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Monolithic Power Systems were worth $12,192,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MPWR. IFP Advisors Inc raised its stake in shares of Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares in the last quarter. Covestor Ltd boosted its stake in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after buying an additional 9 shares in the last quarter. Greenline Wealth Management LLC bought a new stake in Monolithic Power Systems in the 4th quarter valued at $38,000. Sunbelt Securities Inc. increased its holdings in Monolithic Power Systems by 233.3% in the 1st quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 28 shares during the period. Finally, Essential Partners LLC raised its stake in shares of Monolithic Power Systems by 30.3% in the 1st quarter. Essential Partners LLC now owns 43 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 10 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Activity

In other news, EVP Maurice Sciammas sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the transaction, the executive vice president directly owned 166,644 shares of the company’s stock, valued at $260,197,941.60. The trade was a 6.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeff Zhou sold 486 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total value of $816,480.00. Following the sale, the director owned 3,800 shares in the company, valued at approximately $6,384,000. This trade represents a 11.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 25,141 shares of company stock worth $40,472,815. Insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on MPWR shares. Wells Fargo & Company lifted their target price on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. TD Cowen increased their price target on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. KeyCorp upped their price objective on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, Stifel Nicolaus increased their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,705.82.

Monolithic Power Systems Stock Performance

MPWR opened at $1,401.54 on Friday. The firm has a market cap of $68.86 billion, a price-to-earnings ratio of 85.93 and a beta of 1.69. The firm’s 50-day simple moving average is $1,414.84 and its 200-day simple moving average is $1,326.92. Monolithic Power Systems, Inc. has a twelve month low of $794.50 and a twelve month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.63. The firm had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The firm’s quarterly revenue was up 47.6% on a year-over-year basis. During the same period last year, the firm posted $4.21 EPS. As a group, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $2.00 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. Monolithic Power Systems’s payout ratio is 49.05%.

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.