Bridges Investment Management Inc. Makes New $303,000 Investment in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Bridges Investment Management Inc. purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 369 shares of the semiconductor company’s stock, valued at approximately $303,000.

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

Monolithic Power Systems Trading Down 2.2 %

Monolithic Power Systems stock opened at $891.32 on Monday. The business’s fifty day simple moving average is $862.05 and its two-hundred day simple moving average is $776.99. Monolithic Power Systems, Inc. has a 12 month low of $392.10 and a 12 month high of $959.64. The company has a market capitalization of $43.39 billion, a price-to-earnings ratio of 106.24, a price-to-earnings-growth ratio of 4.14 and a beta of 1.12.

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

Monolithic Power Systems Dividend Announcement

The firm 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. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Monday, September 30th. Monolithic Power Systems’s payout ratio is currently 59.59%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Oppenheimer boosted their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. Rosenblatt Securities lifted their price target on Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Needham & Company LLC lifted their price target on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Monday, August 5th. KeyCorp lifted their price target on 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. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One equities 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 stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $912.30.

Insider Activity

In other news, Director Victor K. Lee sold 1,000 shares of the company’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 SEC, which is available at the SEC website. In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $804.19, for a total value of $2,010,475.00. Following the transaction, the chief financial officer now directly owns 69,986 shares of the company’s stock, valued at $56,282,041.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the director now directly owns 29,232 shares of the company’s stock, valued at approximately $23,983,686.72. The disclosure for this sale can be found here. Insiders have sold a total of 98,299 shares of company stock valued at $83,140,933 over the last ninety days. 3.20% of the stock is currently owned by corporate 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.