Meiji Yasuda Asset Management Co Ltd. Acquires New Stake in Monolithic Power Systems, Inc. $MPWR

Meiji Yasuda Asset Management Co Ltd. bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,635 shares of the semiconductor company’s stock, valued at approximately $6,407,000.

A number of other large investors have also made changes to their positions in the company. Globeflex Capital L P bought a new position in shares of Monolithic Power Systems in the 2nd quarter worth approximately $375,000. Bank of Nova Scotia bought a new stake in Monolithic Power Systems during the second quarter valued at approximately $41,124,000. Compass Financial Management LLC bought a new stake in Monolithic Power Systems during the second quarter valued at approximately $218,000. Elevation Point Wealth Partners LLC purchased a new stake in Monolithic Power Systems during the second quarter valued at approximately $895,000. Finally, Greenland Capital Management LP purchased a new stake in Monolithic Power Systems during the second quarter valued at approximately $648,000. 93.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MPWR has been the topic of several analyst reports. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Oppenheimer set a $1,700.00 target price on Monolithic Power Systems in a report on Friday, May 1st. Truist Financial upped their price target on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Rosenblatt Securities restated a “neutral” rating and issued a $1,575.00 price target on shares of Monolithic Power Systems in a research note on Friday, July 31st. Finally, Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,731.42.

Monolithic Power Systems Price Performance

MPWR stock opened at $1,316.28 on Monday. The business’s fifty day simple moving average is $1,373.38 and its two-hundred day simple moving average is $1,347.25. The firm has a market cap of $64.69 billion, a price-to-earnings ratio of 80.70 and a beta of 1.69. Monolithic Power Systems, Inc. has a twelve month low of $800.97 and a twelve month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, beating analysts’ consensus estimates of $5.87 by $0.63. The company had revenue of $980.64 million during 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 quarter last year, the business posted $4.21 EPS. Research analysts expect that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Announces Dividend

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 dividend of $2.00 per share. 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 payout ratio is 49.05%.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, Director Jeff Zhou sold 486 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the transaction, the director directly owned 3,800 shares in the company, valued at $6,384,000. This represents a 11.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Saria Tseng sold 7,565 shares of Monolithic Power Systems 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 transaction of $12,860,500.00. Following the transaction, the executive vice president directly owned 144,218 shares in the company, valued at approximately $245,170,600. The trade was a 4.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 8,191 shares of company stock worth $13,874,865. Corporate 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.