Flputnam Investment Management Co. Invests $28.21 Million in Monolithic Power Systems, Inc. $MPWR

Flputnam Investment Management Co. bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,409 shares of the semiconductor company’s stock, valued at approximately $28,213,000.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Monolithic Power Systems during the second quarter worth approximately $7,727,289,000. State Street Corp grew its stake in shares of Monolithic Power Systems by 2.1% during the 4th quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company’s stock valued at $1,979,610,000 after buying an additional 45,715 shares during the period. Corient Private Wealth LLC grew its stake 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 valued at $1,855,476,000 after buying an additional 1,993,576 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Monolithic Power Systems by 7.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company’s stock worth $1,533,013,000 after buying an additional 117,596 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Monolithic Power Systems by 25.9% during the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock worth $1,300,345,000 after buying an additional 295,556 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction 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 directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Herbert Chang sold 50 shares of the company’s stock in a transaction that occurred on 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 sale, the director directly owned 515 shares in the company, valued at approximately $660,008.55. This represents a 8.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 190 shares of company stock valued at $261,964. 3.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MPWR. Truist Financial lifted their target price on 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. Wall Street Zen upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th. Needham & Company LLC boosted their target price on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Wells Fargo & Company boosted their target price on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,731.42.

Monolithic Power Systems Stock Down 4.2%

Shares of NASDAQ:MPWR opened at $1,256.26 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $800.97 and a 52-week high of $1,714.09. The company has a 50 day moving average of $1,348.06 and a two-hundred day moving average of $1,350.23. The company has a market capitalization of $61.74 billion, a price-to-earnings ratio of 77.02 and a beta of 1.69.

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 company had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. During the same period last year, the firm earned $4.21 earnings per share. The company’s revenue was up 47.6% on a year-over-year basis. On average, equities analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

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

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.