The Manufacturers Life Insurance Company Purchases New Position in Monolithic Power Systems, Inc. $MPWR

The Manufacturers Life Insurance Company acquired a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 49,887 shares of the semiconductor company’s stock, valued at approximately $68,962,000.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Monolithic Power Systems during the 2nd quarter valued at $7,727,289,000. Corient Private Wealth LLC grew its position in shares of Monolithic Power Systems by 3,719.6% during the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock worth $1,855,476,000 after buying an additional 1,993,576 shares in the last quarter. Norges Bank bought a new position in shares of Monolithic Power Systems during the 4th quarter worth $658,656,000. Royal Bank of Canada increased its stake in shares of Monolithic Power Systems by 168.1% during the first quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock valued at $517,557,000 after buying an additional 296,788 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Monolithic Power Systems by 25.9% during the fourth quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock valued at $1,300,345,000 after buying an additional 295,556 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MPWR shares. TD Cowen upped their price objective on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Arete Research set a $2,013.00 target price on shares of Monolithic Power Systems and gave the company a “buy” rating in a research report on Thursday, August 20th. Wall Street Zen upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Raymond James Financial reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. Finally, Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,731.42.

Monolithic Power Systems Trading Up 1.5%

MPWR opened at $1,304.15 on Wednesday. The firm has a market cap of $64.09 billion, a price-to-earnings ratio of 79.96 and a beta of 1.69. Monolithic Power Systems, Inc. has a 12 month low of $800.97 and a 12 month high of $1,714.09. The stock has a fifty day moving average price of $1,362.15 and a 200-day moving average price of $1,349.28.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $903.30 million. During the same period in the prior year, the business posted $4.21 EPS. The firm’s quarterly revenue was up 47.6% on a year-over-year basis. On average, equities research analysts forecast that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $2.00 per share. This represents a $8.00 annualized dividend 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 is presently 49.05%.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction 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. The trade was a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Herbert Chang sold 50 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the transaction, the director owned 515 shares of the company’s stock, valued at approximately $660,008.55. This trade represents a 8.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 190 shares of company stock worth $261,964 over the last 90 days. Company insiders own 3.60% of the company’s stock.

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.