Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 16.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,948 shares of the semiconductor company’s stock after buying an additional 832 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Monolithic Power Systems were worth $3,450,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in shares of Monolithic Power Systems by 46.0% during the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after purchasing an additional 200 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth $215,000. Smartleaf Asset Management LLC boosted its holdings in shares of Monolithic Power Systems by 10.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 272 shares of the semiconductor company’s stock worth $164,000 after purchasing an additional 25 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Monolithic Power Systems by 42.3% during the fourth quarter. Jones Financial Companies Lllp now owns 1,249 shares of the semiconductor company’s stock worth $739,000 after purchasing an additional 371 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth $214,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 6,000 shares of Monolithic Power Systems stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the sale, the chief financial officer directly owned 46,939 shares of the company’s stock, valued at approximately $35,204,250. The trade was a 11.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $698.00, for a total value of $69,800.00. Following the sale, the director directly owned 676 shares in the company, valued at approximately $471,848. The trade was a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,200 shares of company stock valued at $13,046,800. 3.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MPWR shares. Raymond James Financial restated an “outperform” rating and set a $720.00 price objective (down previously from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Oppenheimer reaffirmed an “outperform” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, March 21st. KeyCorp cut their target price on Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Stifel Nicolaus cut their target price on Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Finally, TD Cowen increased their target price on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus target price of $789.42.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $758.99 on Friday. The business’s 50-day moving average is $683.60 and its two-hundred day moving average is $632.33. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64. The firm has a market capitalization of $36.34 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 3.03 and a beta of 1.20.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The business had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. During the same period in the previous year, the company earned $2.81 earnings per share. The company’s revenue for the quarter was up 39.2% compared to the same quarter last year. Equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Monday, June 30th. Monolithic Power Systems’s payout ratio is 16.56%.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.