ASB Consultores LLC Makes New Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

ASB Consultores LLC bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 245 shares of the semiconductor company’s stock, valued at approximately $201,000.

A number of other institutional investors have also recently made changes to their positions in MPWR. Gilbert & Cook Inc. lifted its holdings in Monolithic Power Systems by 8.6% during the fourth quarter. Gilbert & Cook Inc. now owns 1,608 shares of the semiconductor company’s stock valued at $1,014,000 after purchasing an additional 127 shares during the last quarter. Avantax Advisory Services Inc. bought a new position in Monolithic Power Systems in the 4th quarter worth approximately $416,000. Robeco Institutional Asset Management B.V. boosted its holdings in Monolithic Power Systems by 159.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 954 shares of the semiconductor company’s stock worth $602,000 after buying an additional 586 shares during the period. PNC Financial Services Group Inc. grew its stake in Monolithic Power Systems by 13.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,274 shares of the semiconductor company’s stock valued at $5,219,000 after buying an additional 988 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC bought a new stake in Monolithic Power Systems during the 4th quarter valued at $209,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $891.32 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $392.10 and a 1-year high of $959.64. The company has a market capitalization of $43.39 billion, a P/E ratio of 106.24, a P/E/G ratio of 4.14 and a beta of 1.12. The firm’s 50 day simple moving average is $862.05 and its 200 day simple moving average is $776.26.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $490.66 million. During the same quarter last year, the company posted $2.05 EPS. The business’s quarterly revenue was up 15.0% on a year-over-year basis. On average, equities analysts anticipate that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.56%. The ex-dividend date is Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 59.59%.

Insider Transactions at Monolithic Power Systems

In related news, EVP Saria Tseng sold 37,093 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $808.20, for a total value of $29,978,562.60. Following the completion of the sale, the executive vice president now owns 166,428 shares in the company, valued at approximately $134,507,109.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Monolithic Power Systems 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 transaction of $820,460.00. Following the completion of the sale, the director now directly owns 29,232 shares in the company, valued at $23,983,686.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Saria Tseng sold 37,093 shares of Monolithic Power Systems stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $808.20, for a total value of $29,978,562.60. Following the completion of the transaction, the executive vice president now owns 166,428 shares in the company, valued at approximately $134,507,109.60. The disclosure for this sale can be found here. In the last three months, insiders sold 98,299 shares of company stock worth $83,140,933. 3.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. KeyCorp lifted their target price on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Raymond James increased their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Rosenblatt Securities boosted their price objective on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Oppenheimer upped their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems has an average rating of “Buy” and an average price target of $912.30.

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.