Skandinaviska Enskilda Banken AB publ Acquires 12,214 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Skandinaviska Enskilda Banken AB publ lifted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 106.8% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 23,651 shares of the semiconductor company’s stock after acquiring an additional 12,214 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Monolithic Power Systems were worth $19,420,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MPWR. Vanguard Group Inc. increased its stake in shares of 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 worth $3,739,318,000 after buying an additional 55,874 shares during the period. Wellington Management Group LLP increased its stake in shares of 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 worth $592,251,000 after buying an additional 85,676 shares during the period. Capital Research Global Investors increased its stake in shares of 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 worth $388,674,000 after buying an additional 7,323 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in shares of Monolithic Power Systems by 4.9% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 483,812 shares of the semiconductor company’s stock worth $327,743,000 after buying an additional 22,725 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of Monolithic Power Systems by 10.4% in the second quarter. Van ECK Associates Corp now owns 354,461 shares of the semiconductor company’s stock worth $291,254,000 after buying an additional 33,287 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Trading Down 2.2 %

Shares of MPWR stock opened at $891.32 on Friday. Monolithic Power Systems, Inc. has a 12 month low of $392.10 and a 12 month high of $959.64. The stock has a market cap of $43.39 billion, a PE ratio of 106.24, a price-to-earnings-growth ratio of 4.14 and a beta of 1.12. The company’s fifty day moving average price is $862.05 and its 200-day moving average price is $776.26.

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

Monolithic Power Systems Announces Dividend

The firm also recently announced 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 (DPR) is presently 59.59%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. KeyCorp lifted their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” 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. Oppenheimer lifted their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. Raymond James boosted their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, TD Cowen raised shares of Monolithic Power Systems to a “strong-buy” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $912.30.

Insider Activity

In related news, Director Victor K. Lee sold 1,000 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $820.46, for a total value of $820,460.00. Following the transaction, the director now owns 29,232 shares in the company, valued at approximately $23,983,686.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Victor K. Lee sold 1,000 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $820.46, for a total value of $820,460.00. Following the transaction, the director now owns 29,232 shares in the company, valued at approximately $23,983,686.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the completion of the transaction, the chief financial officer now owns 61,678 shares in the company, valued at approximately $55,769,247.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,299 shares of company stock worth $83,140,933. Corporate insiders own 3.20% of the company’s stock.

Monolithic Power Systems Company 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.