Monolithic Power Systems, Inc. $MPWR Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 15.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 17,286 shares of the semiconductor company’s stock after buying an additional 2,276 shares during the period. Daiwa Securities Group Inc.’s holdings in Monolithic Power Systems were worth $23,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of MPWR. State Street Corp increased its position in Monolithic Power Systems by 2.1% during the 4th quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company’s stock worth $1,979,610,000 after purchasing an additional 45,715 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Monolithic Power Systems by 3,719.6% in the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after buying an additional 1,993,576 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Monolithic Power Systems by 7.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company’s stock valued at $1,533,013,000 after buying an additional 117,596 shares during the period. Invesco Ltd. boosted its stake in shares of Monolithic Power Systems by 25.9% in the fourth quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock valued at $1,300,345,000 after buying an additional 295,556 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Monolithic Power Systems by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 1,382,280 shares of the semiconductor company’s stock worth $1,248,436,000 after acquiring an additional 44,583 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Saria Tseng sold 7,565 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the transaction, the executive vice president 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 filing with the SEC, which is accessible through this link. Also, Director Jeff Zhou sold 486 shares of the firm’s stock in a transaction 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 directly owned 3,800 shares of the company’s stock, valued at $6,384,000. The trade was a 11.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,191 shares of company stock worth $21,807,015 in the last 90 days. Corporate insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Wells Fargo & Company boosted their price objective on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Weiss Ratings lowered shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. TD Cowen increased their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday. 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,705.82.

Monolithic Power Systems Trading Up 2.9%

Shares of MPWR opened at $1,402.01 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $800.97 and a 12-month high of $1,714.09. The stock has a market cap of $68.90 billion, a P/E ratio of 85.96 and a beta of 1.69. The company has a 50-day moving average of $1,394.48 and a two-hundred day moving average of $1,338.74.

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

Monolithic Power Systems Dividend Announcement

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

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.