Legal & General Group Plc Takes $497.56 Million Position in Monolithic Power Systems, Inc. $MPWR

Legal & General Group Plc acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 359,936 shares of the semiconductor company’s stock, valued at approximately $497,561,000.

Several other institutional investors have also recently modified their holdings of MPWR. IFP Advisors Inc increased its position in Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares in the last quarter. Covestor Ltd lifted its position in shares of 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. Danske Bank A S purchased a new stake in shares of Monolithic Power Systems in the second quarter valued at $36,000. Greenline Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter valued at $38,000. Finally, Sunbelt Securities Inc. boosted its stake 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 valued at $44,000 after acquiring an additional 28 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Down 2.4%

Monolithic Power Systems stock opened at $1,285.03 on Tuesday. The firm has a market capitalization of $63.15 billion, a P/E ratio of 78.79 and a beta of 1.69. The stock has a fifty day moving average price of $1,366.04 and a 200 day moving average price of $1,348.10. Monolithic Power Systems, Inc. has a 52 week low of $800.97 and a 52 week high of $1,714.09.

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

Monolithic Power Systems Dividend Announcement

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

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of recent research reports. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 1st. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. Truist Financial boosted their price objective on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, TD Cowen upped their price objective on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,731.42.

Insider Buying and Selling

In related news, EVP Saria Tseng sold 7,565 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the sale, the executive vice president directly owned 144,218 shares of the company’s stock, valued at approximately $245,170,600. This trade represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the sale, the executive vice president owned 1,119 shares of the company’s stock, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 7,705 shares of company stock valued at $13,058,385. Insiders own 3.60% of the company’s stock.

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.