Vanguard Personalized Indexing Management LLC Has $4.19 Million Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Vanguard Personalized Indexing Management LLC boosted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 31.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,218 shares of the semiconductor company’s stock after buying an additional 1,251 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Monolithic Power Systems were worth $4,188,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Monolithic Power Systems by 19.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock worth $37,583,000 after buying an additional 9,125 shares during the period. Weiss Asset Management LP acquired a new stake in Monolithic Power Systems during the 4th quarter worth about $1,899,000. Cim LLC purchased a new position in Monolithic Power Systems during the 4th quarter valued at about $2,197,000. Cetera Investment Advisers increased its holdings in shares of Monolithic Power Systems by 237.3% in the 1st quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock valued at $4,583,000 after purchasing an additional 4,760 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Monolithic Power Systems by 4.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 115,098 shares of the semiconductor company’s stock worth $77,970,000 after purchasing an additional 5,335 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. TD Cowen upgraded shares of Monolithic Power Systems to a “strong-buy” rating in a report on Monday. Rosenblatt Securities increased their price objective on Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Needham & Company LLC boosted their target price on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, Oppenheimer raised their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Monolithic Power Systems presently has a consensus rating of “Buy” and a consensus price target of $912.30.

Insider Transactions at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 728 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $566,667.92. Following the completion of the transaction, the chief financial officer now directly owns 64,178 shares in the company, valued at approximately $49,955,513.42. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Deming Xiao sold 3,205 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $831.58, for a total transaction of $2,665,213.90. Following the sale, the executive vice president now directly owns 203,213 shares in the company, valued at $168,987,866.54. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 728 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $566,667.92. Following the completion of the transaction, the chief financial officer now owns 64,178 shares of the company’s stock, valued at $49,955,513.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 98,299 shares of company stock worth $83,140,933. Insiders own 3.20% of the company’s stock.

Monolithic Power Systems Trading Up 5.9 %

NASDAQ:MPWR opened at $911.12 on Friday. The firm has a market capitalization of $44.35 billion, a PE ratio of 108.60, a PEG ratio of 4.14 and a beta of 1.12. Monolithic Power Systems, Inc. has a 1 year low of $392.10 and a 1 year high of $959.64. The firm’s fifty day simple moving average is $861.34 and its 200 day simple moving average is $775.18.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. During the same period in the previous year, the company posted $2.05 earnings per share. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders 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 annualized dividend and a dividend yield of 0.55%. Monolithic Power Systems’s dividend payout ratio is 59.59%.

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.