Danske Bank A S Purchases New Position in Monolithic Power Systems, Inc. $MPWR

Danske Bank A S acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,132 shares of the semiconductor company’s stock, valued at approximately $34,741,000.

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

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $1,300.14 on Thursday. The stock has a market capitalization of $63.89 billion, a price-to-earnings ratio of 79.71 and a beta of 1.69. Monolithic Power Systems, Inc. has a one year low of $800.97 and a one year high of $1,714.09. The company’s 50-day simple moving average is $1,384.18 and its 200-day simple moving average is $1,344.93.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, topping the consensus estimate of $5.87 by $0.63. The company had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The business’s revenue was up 47.6% on a year-over-year basis. During the same quarter last year, the firm earned $4.21 EPS. As a group, research analysts forecast that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have commented on MPWR. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. TD Cowen lifted their target price on 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. Needham & Company LLC boosted their price target on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Wall Street Zen raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Truist Financial raised their price objective on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,705.82.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Saria Tseng sold 7,565 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the sale, the executive vice president owned 144,218 shares of the company’s stock, valued at $245,170,600. This represents a 4.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 50 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total transaction of $71,000.00. Following the sale, the director owned 565 shares in the company, valued at approximately $802,300. This trade represents a 8.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 13,191 shares of company stock valued at $21,807,015. Corporate insiders own 3.60% of the company’s stock.

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.