Ensign Peak Advisors Inc Has $122.60 Million Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Ensign Peak Advisors Inc lowered its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,204 shares of the semiconductor company’s stock after selling 9,112 shares during the period. Ensign Peak Advisors Inc owned 0.31% of Monolithic Power Systems worth $122,598,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Monolithic Power Systems by 1.0% in the first quarter. Vanguard Group Inc. now owns 5,519,940 shares of the semiconductor company’s stock valued at $3,739,318,000 after buying an additional 55,874 shares in the last quarter. Wellington Management Group LLP boosted its position in Monolithic Power Systems by 10.0% in the fourth quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock valued at $592,251,000 after buying an additional 85,676 shares in the last quarter. Capital Research Global Investors boosted its position in Monolithic Power Systems by 1.2% in the fourth quarter. Capital Research Global Investors now owns 616,180 shares of the semiconductor company’s stock valued at $388,674,000 after buying an additional 7,323 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Monolithic Power Systems by 4.9% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 483,812 shares of the semiconductor company’s stock valued at $327,743,000 after acquiring an additional 22,725 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Monolithic Power Systems by 10.4% during the second quarter. Van ECK Associates Corp now owns 354,461 shares of the semiconductor company’s stock valued at $291,254,000 after acquiring an additional 33,287 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Trading Down 2.2 %

MPWR opened at $891.32 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $392.10 and a 1-year high of $959.64. The company has a market cap of $43.39 billion, a P/E ratio of 106.24, a price-to-earnings-growth ratio of 4.14 and a beta of 1.12. The company has a fifty day moving average price of $862.05 and a two-hundred day moving average price of $776.26.

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

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is currently 59.59%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MPWR shares. Oppenheimer raised their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Rosenblatt Securities lifted 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. Truist Financial lifted their target price on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Needham & Company LLC lifted their target price on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Monolithic Power Systems presently has an average rating of “Buy” and an average target price of $912.30.

Insider Buying and Selling

In related news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the transaction, the chief financial officer now directly owns 61,678 shares in the company, valued at $55,769,247.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total value of $2,260,500.00. Following the transaction, the chief financial officer now directly owns 61,678 shares in the company, valued at $55,769,247.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Hsing sold 2,672 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $804.57, for a total transaction of $2,149,811.04. Following the completion of the transaction, the chief executive officer now owns 877,736 shares in the company, valued at $706,200,053.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 98,299 shares of company stock worth $83,140,933. 3.20% of the stock is owned by insiders.

Monolithic Power Systems Profile

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.