Czech National Bank Boosts Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Czech National Bank raised its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,931 shares of the semiconductor company’s stock after buying an additional 657 shares during the quarter. Czech National Bank’s holdings in Monolithic Power Systems were worth $9,181,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MPWR. Family Firm Inc. purchased a new position in Monolithic Power Systems during the second quarter worth about $25,000. RiverPark Advisors LLC purchased a new position in Monolithic Power Systems during the first quarter worth about $27,000. OFI Invest Asset Management purchased a new position in Monolithic Power Systems during the first quarter worth about $31,000. Atwood & Palmer Inc. purchased a new position in shares of Monolithic Power Systems in the 2nd quarter worth about $33,000. Finally, Crewe Advisors LLC boosted its holdings in shares of Monolithic Power Systems by 126.3% in the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Price Performance

MPWR traded up $12.86 during midday trading on Friday, reaching $935.61. 435,617 shares of the company’s stock traded hands, compared to its average volume of 533,688. The firm has a fifty day moving average of $879.02 and a two-hundred day moving average of $790.25. The stock has a market capitalization of $45.54 billion, a price-to-earnings ratio of 111.51, a P/E/G ratio of 4.13 and a beta of 1.12. Monolithic Power Systems, Inc. has a 52 week low of $392.10 and a 52 week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share 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 firm had revenue of $507.40 million for the quarter, compared to the consensus estimate of $490.66 million. During the same quarter in the prior year, the business earned $2.05 EPS. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.41 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.53%. Monolithic Power Systems’s dividend payout ratio is 59.59%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. TD Cowen upgraded Monolithic Power Systems to a “strong-buy” rating in a report on Monday, September 16th. Truist Financial reiterated a “buy” rating and issued a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday. Stifel Nicolaus upped their price objective on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, September 27th. KeyCorp upped their price objective 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. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. 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. According to data from MarketBeat, Monolithic Power Systems has an average rating of “Buy” and a consensus target price of $959.90.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 10,999 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $843.83, for a total transaction of $9,281,286.17. Following the transaction, the executive vice president now directly owns 118,876 shares of the company’s stock, valued at $100,311,135.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, 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 transaction, the executive vice president now directly owns 202,354 shares of the company’s stock, valued at approximately $157,510,330.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maurice Sciammas sold 10,999 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $843.83, for a total value of $9,281,286.17. Following the completion of the transaction, the executive vice president now directly owns 118,876 shares in the company, valued at approximately $100,311,135.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,534 shares of company stock worth $50,452,525. Insiders own 3.20% of the company’s stock.

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.