Monolithic Power Systems, Inc. $MPWR Shares Purchased by Saudi Central Bank

Saudi Central Bank raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 84.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,266 shares of the semiconductor company’s stock after purchasing an additional 1,498 shares during the quarter. Saudi Central Bank’s holdings in Monolithic Power Systems were worth $4,515,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MPWR. 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 Monolithic Power Systems by 3.1% in the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after buying an additional 161 shares during the last quarter. NewEdge Advisors LLC lifted its position in Monolithic Power Systems by 3.5% in the second quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock valued at $6,863,000 after buying an additional 314 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in Monolithic Power Systems by 35.2% during the second quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock worth $26,175,000 after buying an additional 9,315 shares during the period. Finally, Globeflex Capital L P purchased a new position in Monolithic Power Systems during the second quarter worth about $347,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the topic of a number of research analyst reports. Weiss Ratings downgraded shares of Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 31st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $1,575.00 price objective on shares of Monolithic Power Systems in a research report on Friday, July 31st. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. Truist Financial boosted their target price on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Wells Fargo & Company raised their price target on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,731.42.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the sale, the executive vice president owned 1,119 shares of the company’s stock, valued at $1,503,868.86. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of Monolithic Power Systems stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the completion of the transaction, the director owned 515 shares of the company’s stock, valued at $660,008.55. The trade was a 8.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 160 shares of company stock worth $215,945 in the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $1,223.86 on Monday. The company’s 50-day simple moving average is $1,328.13 and its 200-day simple moving average is $1,353.45. Monolithic Power Systems, Inc. has a 1 year low of $830.00 and a 1 year high of $1,714.09. The stock has a market capitalization of $60.14 billion, a PE ratio of 75.04 and a beta of 1.66.

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 firm had revenue of $980.64 million during 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 business’s quarterly revenue was up 47.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.21 earnings per share. On average, sell-side analysts predict that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $2.00 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems’s payout ratio is 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.