Monolithic Power Systems, Inc. $MPWR Shares Purchased by Invesco Ltd.

Invesco Ltd. raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 25.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,434,689 shares of the semiconductor company’s stock after buying an additional 295,556 shares during the period. Invesco Ltd.’s holdings in Monolithic Power Systems were worth $1,300,345,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Covestor Ltd lifted its stake in shares of Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 9 shares during the period. Resonant Capital Advisors LLC grew its stake in Monolithic Power Systems by 4.1% in the 4th quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock worth $230,000 after acquiring an additional 10 shares during the period. YANKCOM Partnership raised its holdings in Monolithic Power Systems by 6.7% in the 4th quarter. YANKCOM Partnership now owns 176 shares of the semiconductor company’s stock valued at $160,000 after acquiring an additional 11 shares during the last quarter. First National Bank of Hutchinson raised its holdings in Monolithic Power Systems by 1.2% in the 4th quarter. First National Bank of Hutchinson now owns 948 shares of the semiconductor company’s stock valued at $859,000 after acquiring an additional 11 shares during the last quarter. Finally, Ballentine Partners LLC lifted its stake in shares of Monolithic Power Systems by 2.2% during the 4th quarter. Ballentine Partners LLC now owns 567 shares of the semiconductor company’s stock worth $514,000 after purchasing an additional 12 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MPWR has been the topic of several analyst reports. Stifel Nicolaus raised their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Truist Financial set a $1,805.00 target price on Monolithic Power Systems in a research report on Friday, May 1st. Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. Needham & Company LLC lifted their price target on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Wells Fargo & Company upped their price objective on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,599.17.

Monolithic Power Systems Stock Up 8.0%

Shares of MPWR opened at $1,563.70 on Friday. Monolithic Power Systems, Inc. has a fifty-two week low of $671.18 and a fifty-two week high of $1,714.09. The company’s fifty day moving average is $1,541.36 and its two-hundred day moving average is $1,227.74. The firm has a market cap of $76.82 billion, a PE ratio of 112.74, a price-to-earnings-growth ratio of 2.59 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The business had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The business’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same period in the prior year, the firm posted $4.04 EPS. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Monolithic Power Systems’s payout ratio is 57.68%.

Insider Activity at Monolithic Power Systems

In other news, EVP Saria Tseng sold 7,565 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the transaction, the executive vice president directly owned 144,218 shares in the company, valued at $245,170,600. This trade represents a 4.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeff Zhou sold 486 shares of Monolithic Power Systems stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total value of $816,480.00. Following the completion of the transaction, the director directly owned 3,800 shares in the company, valued at $6,384,000. This represents 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 113,043 shares of company stock valued at $160,843,106 over the last three months. Insiders own 3.60% of the company’s stock.

Monolithic Power Systems 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.