Monolithic Power Systems, Inc. $MPWR Stock Position Raised by Van ECK Associates Corp

Van ECK Associates Corp increased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 42.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 746,237 shares of the semiconductor company’s stock after buying an additional 221,666 shares during the period. Monolithic Power Systems makes up approximately 0.7% of Van ECK Associates Corp’s portfolio, making the stock its 29th biggest position. Van ECK Associates Corp’s holdings in Monolithic Power Systems were worth $1,031,568,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MPWR. Nissay Asset Management Corp Japan boosted its stake in Monolithic Power Systems by 21.8% in the second quarter. Nissay Asset Management Corp Japan now owns 31,383 shares of the semiconductor company’s stock valued at $43,383,000 after acquiring an additional 5,608 shares during the period. Hsbc Holdings PLC raised its position in shares of Monolithic Power Systems by 20.1% during the 2nd quarter. Hsbc Holdings PLC now owns 190,811 shares of the semiconductor company’s stock worth $262,389,000 after purchasing an additional 31,938 shares during the period. Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Monolithic Power Systems during the 2nd quarter worth approximately $5,780,000. Kingsview Wealth Management LLC bought a new stake in shares of Monolithic Power Systems in the 2nd quarter worth approximately $1,486,000. Finally, Beacon Pointe Advisors LLC bought a new stake in shares of Monolithic Power Systems in the 2nd quarter worth approximately $1,467,000. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $1,256.26 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $800.97 and a 12-month high of $1,714.09. The firm has a market capitalization of $61.73 billion, a price-to-earnings ratio of 77.02 and a beta of 1.69. The business has a 50 day simple moving average of $1,348.06 and a 200 day simple moving average of $1,350.23.

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

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is 49.05%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MPWR shares. Rosenblatt Securities restated 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. Wells Fargo & Company increased their target price 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. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. TD Cowen upped their price target on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, Arete Research set a $2,013.00 price objective on shares of Monolithic Power Systems and gave the stock a “buy” rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus price target of $1,731.42.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the completion of the transaction, the executive vice president owned 1,119 shares in the company, valued at $1,503,868.86. This represents a 2.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Herbert Chang sold 50 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the transaction, the director directly owned 515 shares in the company, valued at approximately $660,008.55. The trade was a 8.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 190 shares of company stock worth $261,964. Company insiders own 3.60% of the company’s stock.

About Monolithic Power Systems

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.