Vanguard Personalized Indexing Management LLC Raises Stock Position in Monolithic Power Systems, Inc. $MPWR

Vanguard Personalized Indexing Management LLC grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,910 shares of the semiconductor company’s stock after buying an additional 666 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Monolithic Power Systems were worth $8,982,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in MPWR. Norges Bank purchased a new position in shares of Monolithic Power Systems in the 4th quarter worth $658,656,000. SG Americas Securities LLC grew its stake in shares of Monolithic Power Systems by 77,483.1% in the 4th quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock worth $237,676,000 after buying an additional 261,893 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Monolithic Power Systems by 56.6% in the 4th quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company’s stock worth $635,770,000 after buying an additional 253,653 shares in the last quarter. Barclays PLC grew its stake in shares of Monolithic Power Systems by 67.0% in the 4th quarter. Barclays PLC now owns 604,802 shares of the semiconductor company’s stock worth $548,168,000 after buying an additional 242,740 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its stake in shares of Monolithic Power Systems by 36.1% in the 2nd 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 in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,533.95, for a total transaction of $46,018.50. Following the completion of the sale, the executive vice president owned 1,179 shares in the company, valued at $1,808,527.05. This trade represents a 2.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deming Xiao sold 30,000 shares of Monolithic Power Systems stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the sale, the executive vice president owned 205,959 shares of the company’s stock, valued at $340,769,463.45. The trade was a 12.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 113,073 shares of company stock worth $160,875,958 over the last ninety days. 3.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on MPWR shares. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. Stifel Nicolaus raised their target price on shares of 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. Truist Financial set a $1,805.00 target price on shares of Monolithic Power Systems in a report on Friday, May 1st. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Finally, William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,599.17.

Monolithic Power Systems Trading Up 4.8%

Monolithic Power Systems stock opened at $1,652.29 on Tuesday. The firm has a 50-day moving average price of $1,520.94 and a 200-day moving average price of $1,215.52. The firm has a market capitalization of $81.18 billion, a PE ratio of 119.13, a price-to-earnings-growth ratio of 2.82 and a beta of 1.69. Monolithic Power Systems, Inc. has a 12-month low of $671.18 and a 12-month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.20. The firm had revenue of $804.19 million during the quarter, compared to analyst estimates of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business’s revenue was up 26.1% on a year-over-year basis. During the same quarter last year, the business earned $4.04 EPS. As a group, sell-side analysts predict that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $2.00 per share. The ex-dividend date is Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.5%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 57.68%.

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.