Monolithic Power Systems, Inc. $MPWR Position Boosted by Nordea Investment Management AB

Nordea Investment Management AB grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 11.4% during the third quarter, Holdings Channel.com reports. The firm owned 4,720 shares of the semiconductor company’s stock after buying an additional 484 shares during the period. Nordea Investment Management AB’s holdings in Monolithic Power Systems were worth $4,309,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. True Wealth Design LLC grew its position in Monolithic Power Systems by 61.1% during the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 11 shares in the last quarter. Fortress Financial Solutions LLC lifted its position in Monolithic Power Systems by 1.7% in the 2nd quarter. Fortress Financial Solutions LLC now owns 709 shares of the semiconductor company’s stock worth $518,000 after buying an additional 12 shares in the last quarter. Cromwell Holdings LLC boosted its stake in shares of Monolithic Power Systems by 9.2% during the 3rd quarter. Cromwell Holdings LLC now owns 143 shares of the semiconductor company’s stock valued at $132,000 after buying an additional 12 shares during the period. Wedmont Private Capital boosted its stake in shares of Monolithic Power Systems by 1.3% during the 2nd quarter. Wedmont Private Capital now owns 1,068 shares of the semiconductor company’s stock valued at $802,000 after buying an additional 14 shares during the period. Finally, Gilbert & Cook Inc. grew its holdings in shares of Monolithic Power Systems by 2.3% during the 2nd quarter. Gilbert & Cook Inc. now owns 655 shares of the semiconductor company’s stock valued at $479,000 after acquiring an additional 15 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 27,966 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $881.66, for a total transaction of $24,656,503.56. Following the completion of the transaction, the executive vice president owned 148,306 shares of the company’s stock, valued at $130,755,467.96. The trade was a 15.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Saria Tseng sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $926.47, for a total transaction of $18,529,400.00. Following the sale, the executive vice president owned 187,331 shares of the company’s stock, valued at $173,556,551.57. This trade represents a 9.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 71,276 shares of company stock worth $64,784,323. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $1,033.17 on Friday. The stock’s 50 day simple moving average is $942.52 and its 200 day simple moving average is $894.16. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $1,123.38. The company has a market capitalization of $49.50 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 2.93 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.62 by $0.11. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.The firm had revenue of $737.18 million during the quarter, compared to analysts’ expectations of $720.66 million. During the same quarter in the prior year, the business earned $4.06 earnings per share. The company’s revenue was up 18.9% on a year-over-year basis. On average, analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $1.56 dividend. This represents a $6.24 annualized dividend and a yield of 0.6%. The ex-dividend date was Wednesday, December 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is 15.93%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MPWR shares. Wolfe Research set a $1,200.00 price objective on Monolithic Power Systems and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Truist Financial raised their price target on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Monolithic Power Systems in a report on Friday, December 26th. Stifel Nicolaus boosted their price target on Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Finally, KeyCorp raised their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. One 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. According to MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,074.58.

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.