Meiji Yasuda Life Insurance Co Increases Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Meiji Yasuda Life Insurance Co lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 53.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,380 shares of the semiconductor company’s stock after acquiring an additional 480 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Monolithic Power Systems were worth $1,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Monolithic Power Systems Trading Down 0.8 %

Shares of MPWR stock opened at $860.66 on Thursday. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $959.64. The business’s 50 day moving average is $859.73 and its two-hundred day moving average is $774.23. The company has a market capitalization of $41.90 billion, a P/E ratio of 102.58, a P/E/G ratio of 4.14 and a beta of 1.12.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly 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. The firm had revenue of $507.40 million for 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 firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.05 EPS. On average, research analysts predict that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given 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 0.58%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Needham & Company LLC increased their price objective 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. Truist Financial increased their price target on Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. TD Cowen raised Monolithic Power Systems to a “strong-buy” rating in a report on Monday. Deutsche Bank Aktiengesellschaft raised their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Oppenheimer boosted their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems presently has an average rating of “Buy” and an average price target of $912.30.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Victor K. Lee sold 1,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 29,232 shares of the company’s stock, valued at $23,983,686.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Victor K. Lee sold 1,000 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $820.46, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Saria Tseng sold 37,093 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $808.20, for a total transaction of $29,978,562.60. Following the completion of the sale, the executive vice president now owns 166,428 shares of the company’s stock, valued at $134,507,109.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 98,299 shares of company stock valued at $83,140,933. 3.20% of the stock is owned by corporate 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.