Monolithic Power Systems, Inc. $MPWR Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,416 shares of the semiconductor company’s stock after acquiring an additional 983 shares during the period. Handelsbanken Fonder AB owned about 0.07% of Monolithic Power Systems worth $44,811,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MPWR. IFP Advisors Inc boosted its holdings in Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares during the period. Covestor Ltd raised its holdings in shares of 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 purchasing an additional 9 shares during the period. Greenline Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth $38,000. Sunbelt Securities Inc. lifted its position in shares of Monolithic Power Systems by 233.3% in the 1st quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock worth $44,000 after buying an additional 28 shares during the last quarter. Finally, Essential Partners LLC lifted its position 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 worth $47,000 after buying an additional 10 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $1,402.11 on Wednesday. Monolithic Power Systems, Inc. has a 1 year low of $800.97 and a 1 year high of $1,714.09. The company has a market cap of $68.90 billion, a price-to-earnings ratio of 85.97 and a beta of 1.69. The firm has a fifty day moving average of $1,407.16 and a 200-day moving average of $1,333.74.

Monolithic Power Systems (NASDAQ:MPWR) last released 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 business had revenue of $980.64 million for the quarter, compared to analysts’ expectations of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The company’s revenue for the quarter was up 47.6% compared to the same quarter last year. During the same quarter last year, the company earned $4.21 EPS. Analysts predict that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Dividend Announcement

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

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the transaction, the executive vice president directly owned 1,119 shares in the company, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 business’s 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 transaction, the director owned 3,800 shares of the company’s stock, valued at approximately $6,384,000. This represents a 11.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 25,141 shares of company stock worth $40,472,815. 3.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MPWR shares. Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Needham & Company LLC increased their price objective on shares of 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. Weiss Ratings cut shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Stifel Nicolaus lifted their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $1,575.00 target price on shares of Monolithic Power Systems in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average price target of $1,705.82.

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.