27,752 Shares in Monolithic Power Systems, Inc. $MPWR Bought by Korea Investment CORP

Korea Investment CORP bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 27,752 shares of the semiconductor company’s stock, valued at approximately $38,363,000. Korea Investment CORP owned approximately 0.06% of Monolithic Power Systems as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of MPWR. Fideuram Asset Management Ireland dac acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $3,983,000. Mirabaud Asset Management Ltd acquired a new stake in Monolithic Power Systems during the 4th quarter valued at $4,424,000. B. Metzler seel. Sohn & Co. AG increased its position in Monolithic Power Systems by 45.9% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 2,448 shares of the semiconductor company’s stock worth $2,219,000 after buying an additional 770 shares in the last quarter. Baker Avenue Asset Management LP raised its holdings in shares of Monolithic Power Systems by 436.6% in the fourth quarter. Baker Avenue Asset Management LP now owns 3,182 shares of the semiconductor company’s stock worth $2,884,000 after acquiring an additional 2,589 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Monolithic Power Systems in the fourth quarter worth $658,656,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Saria Tseng sold 7,565 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president owned 144,218 shares of the company’s stock, valued at $245,170,600. This represents a 4.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeff Zhou sold 486 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the transaction, the director owned 3,800 shares in the company, valued at approximately $6,384,000. The trade was a 11.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,191 shares of company stock valued at $13,874,865 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $1,316.28 on Friday. Monolithic Power Systems, Inc. has a fifty-two week low of $800.97 and a fifty-two week high of $1,714.09. The company has a market capitalization of $64.68 billion, a PE ratio of 80.70 and a beta of 1.69. The stock has a fifty day moving average of $1,373.38 and a two-hundred day moving average of $1,346.04.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.63. The business had revenue of $980.64 million for the quarter, compared to analysts’ expectations of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The business’s revenue was up 47.6% on a year-over-year basis. During the same quarter last year, the firm earned $4.21 earnings per share. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 23.35 earnings per share 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. Shareholders of record on Tuesday, June 30th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 49.05%.

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of analyst reports. Rosenblatt Securities reaffirmed a “neutral” rating and set a $1,575.00 price objective on shares of Monolithic Power Systems in a research note on Friday, July 31st. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. TD Cowen boosted their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Truist Financial upped their target price on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Arete Research set a $2,013.00 price target on shares of Monolithic Power Systems and gave the stock a “buy” rating in a research note on Thursday. One equities 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,731.42.

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.