Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 151,406 shares of the semiconductor company’s stock after acquiring an additional 2,599 shares during the period. Dimensional Fund Advisors LP owned about 0.31% of Monolithic Power Systems worth $124,405,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MPWR. Family Firm Inc. purchased a new position in Monolithic Power Systems in the second quarter valued at about $25,000. RiverPark Advisors LLC purchased a new stake in shares of Monolithic Power Systems during the 1st quarter valued at about $27,000. OFI Invest Asset Management acquired a new position in Monolithic Power Systems during the 1st quarter worth approximately $31,000. Atwood & Palmer Inc. purchased a new position in Monolithic Power Systems in the 2nd quarter worth approximately $33,000. Finally, Crewe Advisors LLC grew its position in Monolithic Power Systems by 126.3% in the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MPWR. TD Cowen upgraded shares of Monolithic Power Systems to a “strong-buy” rating in a research note on Monday, September 16th. Oppenheimer upped their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. Needham & Company LLC lifted their target price on Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Rosenblatt Securities increased their price target on Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, Truist Financial lifted their price objective on Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $912.30.

Monolithic Power Systems Stock Performance

MPWR stock opened at $891.32 on Monday. Monolithic Power Systems, Inc. has a 1 year low of $392.10 and a 1 year high of $959.64. The stock has a market capitalization of $43.39 billion, a price-to-earnings ratio of 106.24, a PEG ratio of 4.14 and a beta of 1.12. The stock’s fifty day moving average is $862.05 and its two-hundred day moving average is $776.99.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results 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. 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 during the quarter, compared to analyst estimates of $490.66 million. During the same period in the previous year, the business posted $2.05 EPS. Monolithic Power Systems’s revenue was up 15.0% on a year-over-year basis. As a group, analysts predict that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced 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. This represents a $5.00 annualized dividend and a 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%.

Insider Buying and Selling at Monolithic Power Systems

In other news, Director Victor K. Lee sold 1,000 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $820.46, for a total transaction of $820,460.00. Following the transaction, the director now directly owns 29,232 shares of the company’s stock, valued at $23,983,686.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 completion of the sale, the director now owns 29,232 shares of the company’s stock, valued at $23,983,686.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Hsing sold 2,672 shares of the firm’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 transaction, the chief executive officer now directly owns 877,736 shares in the company, valued at approximately $706,200,053.52. The disclosure for this sale can be found here. Insiders have sold 98,299 shares of company stock valued at $83,140,933 in the last quarter. Corporate insiders own 3.20% of the company’s stock.

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.