E Fund Management Co. Ltd. Raises Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

E Fund Management Co. Ltd. raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 41.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 562 shares of the semiconductor company’s stock after buying an additional 166 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Monolithic Power Systems were worth $462,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Monolithic Power Systems by 19.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock worth $37,583,000 after buying an additional 9,125 shares during the period. Weiss Asset Management LP purchased a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $1,899,000. Cim LLC acquired a new position in Monolithic Power Systems during the fourth quarter worth $2,197,000. Cetera Investment Advisers boosted its position in shares of Monolithic Power Systems by 237.3% during the first quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock worth $4,583,000 after buying an additional 4,760 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Monolithic Power Systems by 4.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 115,098 shares of the semiconductor company’s stock valued at $77,970,000 after buying an additional 5,335 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Deming Xiao sold 10,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total value of $9,500,000.00. Following the completion of the transaction, the executive vice president now owns 29,714 shares of the company’s stock, valued at $28,228,300. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Deming Xiao sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total value of $9,500,000.00. Following the completion of the transaction, the executive vice president now directly owns 29,714 shares in the company, valued at $28,228,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Theodore Blegen sold 728 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $566,667.92. Following the sale, the chief financial officer now directly owns 64,178 shares in the company, valued at approximately $49,955,513.42. The disclosure for this sale can be found here. In the last 90 days, insiders sold 98,299 shares of company stock worth $83,140,933. Insiders own 3.20% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $860.66 on Thursday. The firm has a market capitalization of $41.90 billion, a price-to-earnings ratio of 102.58, a PEG ratio of 4.14 and a beta of 1.12. The company’s 50 day moving average price is $859.73 and its 200 day moving average price is $774.23. Monolithic Power Systems, Inc. has a one year low of $392.10 and a one year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, beating the consensus estimate of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The company had revenue of $507.40 million during the quarter, compared to the consensus estimate of $490.66 million. During the same period last year, the firm earned $2.05 earnings per share. The company’s revenue was up 15.0% on a year-over-year basis. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $1.25 dividend. The ex-dividend date is Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.58%. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

Analysts Set New Price Targets

MPWR has been the subject of a number of research analyst reports. Needham & Company LLC raised their target price on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a report on Monday, August 5th. Truist Financial lifted their price objective on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Rosenblatt Securities upped their target price on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Finally, Oppenheimer boosted their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $912.30.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.