Nordea Investment Management AB lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,055 shares of the semiconductor company’s stock after buying an additional 912 shares during the quarter. Nordea Investment Management AB’s holdings in Monolithic Power Systems were worth $2,137,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of MPWR. Sawtooth Solutions LLC increased its holdings in shares of Monolithic Power Systems by 0.9% in the second quarter. Sawtooth Solutions LLC now owns 2,519 shares of the semiconductor company’s stock valued at $243,000 after purchasing an additional 23 shares during the last quarter. Hanseatic Management Services Inc. increased its stake in Monolithic Power Systems by 1.2% during the second quarter. Hanseatic Management Services Inc. now owns 3,740 shares of the semiconductor company’s stock worth $361,000 after acquiring an additional 45 shares during the last quarter. Renaissance Group LLC increased its stake in Monolithic Power Systems by 1.2% during the second quarter. Renaissance Group LLC now owns 4,152 shares of the semiconductor company’s stock worth $400,000 after acquiring an additional 49 shares during the last quarter. Bellwether Investment Group LLC increased its stake in Monolithic Power Systems by 1.9% during the second quarter. Bellwether Investment Group LLC now owns 3,204 shares of the semiconductor company’s stock worth $309,000 after acquiring an additional 59 shares during the last quarter. Finally, World Asset Management Inc boosted its position in shares of Monolithic Power Systems by 2.5% during the second quarter. World Asset Management Inc now owns 2,420 shares of the semiconductor company’s stock worth $233,000 after buying an additional 60 shares during the period. Institutional investors own 93.85% of the company’s stock.
In other Monolithic Power Systems news, CFO Theodore Blegen sold 459 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $117.91, for a total value of $54,120.69. Following the sale, the chief financial officer now owns 40,336 shares of the company’s stock, valued at approximately $4,756,017.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Maurice Sciammas sold 5,607 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $123.06, for a total value of $689,997.42. Following the sale, the vice president now directly owns 362,088 shares in the company, valued at approximately $44,558,549.28. The disclosure for this sale can be found here. Insiders sold a total of 97,994 shares of company stock worth $11,636,168 in the last ninety days. 4.00% of the stock is owned by corporate insiders.
Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The firm had revenue of $128.90 million for the quarter, compared to analysts’ expectations of $126.11 million. Monolithic Power Systems had a return on equity of 15.40% and a net margin of 15.66%. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 EPS. equities research analysts predict that Monolithic Power Systems, Inc. will post 1.8 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Thursday, December 28th. Monolithic Power Systems’s dividend payout ratio is presently 49.38%.
A number of research firms recently issued reports on MPWR. Stifel Nicolaus lifted their target price on Monolithic Power Systems from $126.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating and set a $140.00 target price for the company in a report on Thursday, November 2nd. Oppenheimer lifted their target price on Monolithic Power Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, October 27th. KeyCorp reiterated a “buy” rating and issued a $125.00 target price on shares of Monolithic Power Systems in a report on Friday, October 27th. Finally, Deutsche Bank raised their price target on Monolithic Power Systems from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Monolithic Power Systems presently has an average rating of “Buy” and a consensus target price of $129.25.
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Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.
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