Pacer Advisors Inc. Acquires 684 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Pacer Advisors Inc. raised its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 9.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,870 shares of the semiconductor company’s stock after purchasing an additional 684 shares during the period. Pacer Advisors Inc.’s holdings in Monolithic Power Systems were worth $6,467,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ raised its position in Monolithic Power Systems by 106.8% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 23,651 shares of the semiconductor company’s stock valued at $19,420,000 after purchasing an additional 12,214 shares during the last quarter. ASB Consultores LLC bought a new position in Monolithic Power Systems during the 2nd quarter valued at approximately $201,000. Bridges Investment Management Inc. bought a new position in Monolithic Power Systems during the 2nd quarter valued at approximately $303,000. Canada Pension Plan Investment Board raised its position in Monolithic Power Systems by 1,947.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company’s stock valued at $117,826,000 after purchasing an additional 136,391 shares during the last quarter. Finally, Brighton Jones LLC bought a new position in Monolithic Power Systems during the 2nd quarter valued at approximately $272,000. Institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. TD Cowen upgraded Monolithic Power Systems to a “strong-buy” rating in a report on Monday, September 16th. Truist Financial upped their target price on Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. KeyCorp upped their target price on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Raymond James upped their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC upped their target price on Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Monday, August 5th. One 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. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $912.30.

Monolithic Power Systems Trading Up 0.2 %

MPWR stock opened at $893.29 on Tuesday. The stock has a market capitalization of $43.48 billion, a PE ratio of 106.47, a price-to-earnings-growth ratio of 4.14 and a beta of 1.12. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $959.64. The stock’s 50 day simple moving average is $862.50 and its 200 day simple moving average is $777.88.

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

Monolithic Power Systems Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.56%. Monolithic Power Systems’s payout ratio is 59.59%.

Insider Activity

In other news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Deming Xiao sold 859 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $668,637.01. Following the completion of the transaction, the executive vice president now directly owns 202,354 shares in the company, valued at $157,510,330.06. 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 ninety days. 3.20% of the stock is currently owned by company insiders.

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.