Monolithic Power Systems, Inc. $MPWR Position Increased by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 8.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,544 shares of the semiconductor company’s stock after purchasing an additional 927 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Monolithic Power Systems were worth $10,628,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of Monolithic Power Systems by 46.0% in the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 200 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Monolithic Power Systems by 3.1% in the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after buying an additional 161 shares during the last quarter. Stephens Inc. AR bought a new stake in shares of Monolithic Power Systems during the 2nd quarter worth about $218,000. D.A. Davidson & CO. acquired a new position in shares of Monolithic Power Systems during the 2nd quarter valued at about $247,000. Finally, Forum Financial Management LP bought a new position in shares of Monolithic Power Systems in the 2nd quarter valued at approximately $295,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $1,190.06 on Tuesday. The company has a market cap of $57.02 billion, a PE ratio of 93.41, a price-to-earnings-growth ratio of 3.05 and a beta of 1.45. The firm has a fifty day moving average price of $1,052.79 and a two-hundred day moving average price of $968.25. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,250.00.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.05. The business had revenue of $751.16 million during the quarter, compared to analyst estimates of $741.69 million. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.09%. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.09 earnings per share. Analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s payout ratio is 48.98%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Monolithic Power Systems in a report on Friday, December 26th. KeyCorp raised their target price on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Citigroup lifted their target price on shares of Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Wells Fargo & Company upped their price target on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $1,218.42.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 21,725 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total transaction of $25,443,451.00. Following the completion of the sale, the chief financial officer owned 82,353 shares in the company, valued at $96,448,539.48. The trade was a 20.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Deming Xiao sold 22,875 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the sale, the executive vice president owned 235,932 shares of the company’s stock, valued at $276,314,121.12. The trade was a 8.84% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 121,550 shares of company stock worth $135,510,120. 3.40% of the stock is owned by company insiders.

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.