The Manufacturers Life Insurance Company Invests $68.96 Million in Monolithic Power Systems, Inc. $MPWR

The Manufacturers Life Insurance Company purchased a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 49,887 shares of the semiconductor company’s stock, valued at approximately $68,962,000. The Manufacturers Life Insurance Company owned about 0.10% of Monolithic Power Systems at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac purchased a new position in shares of Monolithic Power Systems in the 4th quarter worth $3,983,000. Mirabaud Asset Management Ltd bought a new stake in shares of Monolithic Power Systems in the 4th quarter worth about $4,424,000. Baker Avenue Asset Management LP raised its position in shares of Monolithic Power Systems by 436.6% during the 4th quarter. Baker Avenue Asset Management LP now owns 3,182 shares of the semiconductor company’s stock valued at $2,884,000 after buying an additional 2,589 shares in the last quarter. Norges Bank purchased a new stake in shares of Monolithic Power Systems during the 4th quarter valued at about $658,656,000. Finally, Vest Financial LLC lifted its holdings in shares of Monolithic Power Systems by 35.2% in the 4th quarter. Vest Financial LLC now owns 66,613 shares of the semiconductor company’s stock valued at $60,375,000 after acquiring an additional 17,336 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MPWR. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research report 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 report on Friday, July 31st. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. Oppenheimer set a $1,700.00 target price on Monolithic Power Systems in a report on Friday, May 1st. Finally, Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average price target of $1,731.42.

Monolithic Power Systems Trading Up 1.5%

MPWR stock opened at $1,304.15 on Wednesday. The stock has a market cap of $64.09 billion, a PE ratio of 79.96 and a beta of 1.69. Monolithic Power Systems, Inc. has a 12 month low of $800.97 and a 12 month high of $1,714.09. The company has a 50-day moving average price of $1,362.15 and a 200 day moving average price of $1,349.28.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping analysts’ consensus estimates of $5.87 by $0.63. The company had revenue of $980.64 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 47.6% on a year-over-year basis. During the same period in the prior year, the company posted $4.21 EPS. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Dividend Announcement

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

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the sale, the executive vice president owned 1,119 shares in the company, valued at $1,503,868.86. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Herbert Chang sold 50 shares of Monolithic Power Systems stock in a transaction on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the sale, the director owned 515 shares of the company’s stock, valued at approximately $660,008.55. This trade represents a 8.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 190 shares of company stock valued at $261,964 over the last three months. 3.60% of the stock is owned by corporate insiders.

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.