Quantitative Investment Management LLC Acquires Shares of 1,421 Monolithic Power Systems, Inc. $MPWR

Quantitative Investment Management LLC bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 1,421 shares of the semiconductor company’s stock, valued at approximately $1,964,000.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Monolithic Power Systems during the 2nd quarter worth about $7,727,289,000. Corient Private Wealth LLC raised its position in Monolithic Power Systems by 3,719.6% in 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 purchasing an additional 1,993,576 shares during the period. Norges Bank bought a new stake in Monolithic Power Systems in the fourth quarter worth about $658,656,000. Bank of America Corp DE bought a new stake in Monolithic Power Systems in the second quarter worth about $741,271,000. Finally, Legal & General Group Plc purchased a new position in shares of Monolithic Power Systems during the second quarter valued at approximately $497,561,000. Institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on MPWR. KeyCorp upped their target price on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. 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 upped their price objective on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Rosenblatt Securities reiterated a “neutral” rating and issued a $1,575.00 target price on shares of Monolithic Power Systems in a research note on Friday, July 31st. Finally, Arete Research set a $2,013.00 target price on Monolithic Power Systems and gave the stock a “buy” rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,731.42.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $1,267.77 on Tuesday. The firm’s 50 day simple moving average is $1,342.66 and its 200-day simple moving average is $1,352.13. Monolithic Power Systems, Inc. has a one year low of $800.97 and a one year high of $1,714.09. The firm has a market cap of $62.30 billion, a PE ratio of 77.73 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $903.30 million. During the same quarter in the previous year, the business earned $4.21 earnings per share. Monolithic Power Systems’s quarterly revenue was up 47.6% on a year-over-year basis. Equities research analysts predict that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

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

Insiders Place Their Bets

In other news, Director Kuo Wei Herbert Chang sold 50 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $660,008.55. This trade represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $40,318.20. Following the transaction, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 160 shares of company stock worth $215,945 in the last three months. Corporate insiders own 3.60% of the company’s stock.

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.