Mercer Global Advisors Inc. ADV Buys 232 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mercer Global Advisors Inc. ADV lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 6.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,822 shares of the semiconductor company’s stock after buying an additional 232 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Monolithic Power Systems were worth $3,140,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in shares of Monolithic Power Systems by 95.1% during the first quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock worth $206,712,000 after acquiring an additional 148,771 shares during the period. Vanguard Group Inc. lifted its holdings in Monolithic Power Systems by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 5,464,066 shares of the semiconductor company’s stock worth $3,446,624,000 after purchasing an additional 90,589 shares during the last quarter. Wellington Management Group LLP boosted its stake in Monolithic Power Systems by 10.0% in the 4th quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock valued at $592,251,000 after purchasing an additional 85,676 shares during the period. SG Americas Securities LLC grew its holdings in Monolithic Power Systems by 952.2% in the 1st quarter. SG Americas Securities LLC now owns 93,101 shares of the semiconductor company’s stock valued at $63,068,000 after buying an additional 84,253 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in Monolithic Power Systems by 30.1% during the 1st quarter. Van ECK Associates Corp now owns 321,174 shares of the semiconductor company’s stock worth $217,569,000 after buying an additional 74,287 shares during the period. Institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. TD Cowen upgraded shares of Monolithic Power Systems to a “strong-buy” rating in a research report on Monday, September 16th. KeyCorp raised 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 report on Friday, August 2nd. Oppenheimer boosted their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. Finally, Raymond James raised their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $912.30.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $891.32 on Monday. Monolithic Power Systems, Inc. has a 52 week low of $392.10 and a 52 week high of $959.64. The stock has a market capitalization 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 stock has a fifty day moving average of $862.05 and a 200-day moving average of $776.99.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, topping 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 firm had revenue of $507.40 million during the quarter, compared to the consensus estimate of $490.66 million. During the same quarter in the previous year, the firm earned $2.05 earnings per share. The business’s quarterly revenue was up 15.0% on a year-over-year basis. On average, research analysts forecast that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders 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 dividend on an annualized basis and a yield of 0.56%. Monolithic Power Systems’s dividend payout ratio is currently 59.59%.

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total value of $2,260,500.00. Following the completion of 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 Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total value of $2,260,500.00. Following the completion of the transaction, the chief financial officer now owns 61,678 shares of the company’s stock, valued at $55,769,247.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Saria Tseng sold 37,093 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $808.20, for a total transaction of $29,978,562.60. Following the sale, the executive vice president now owns 166,428 shares in the company, valued at $134,507,109.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 98,299 shares of company stock valued at $83,140,933. 3.20% of the stock is currently owned by insiders.

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.