Advisor Group Holdings Inc. Invests $2.25 Million in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Advisor Group Holdings Inc. bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,417 shares of the semiconductor company’s stock, valued at approximately $2,251,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. GQG Partners LLC acquired a new position in Monolithic Power Systems in the 4th quarter valued at about $92,881,000. Norges Bank acquired a new position in Monolithic Power Systems in the 4th quarter valued at about $73,489,000. Wellington Management Group LLP increased its position in Monolithic Power Systems by 15.2% in the 1st quarter. Wellington Management Group LLP now owns 2,070,255 shares of the semiconductor company’s stock valued at $346,685,000 after acquiring an additional 273,269 shares during the period. Lord Abbett & CO. LLC increased its position in Monolithic Power Systems by 52.5% in the 1st quarter. Lord Abbett & CO. LLC now owns 572,156 shares of the semiconductor company’s stock valued at $95,813,000 after acquiring an additional 197,077 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in Monolithic Power Systems by 19.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,138,693 shares of the semiconductor company’s stock valued at $202,710,000 after acquiring an additional 187,211 shares during the period. Institutional investors and hedge funds own 94.53% of the company’s stock.

In related news, CEO Michael Hsing sold 17,742 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $170.00, for a total value of $3,016,140.00. Following the sale, the chief executive officer now owns 1,171,102 shares of the company’s stock, valued at approximately $199,087,340. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Deming Xiao sold 49,161 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $185.01, for a total value of $9,095,276.61. Following the completion of the sale, the insider now directly owns 347,097 shares in the company, valued at approximately $64,216,415.97. The disclosure for this sale can be found here. Insiders have sold a total of 158,164 shares of company stock worth $30,315,079 in the last three months. Corporate insiders own 3.00% of the company’s stock.

Shares of NASDAQ:MPWR opened at $237.00 on Wednesday. The business’s 50 day simple moving average is $215.18 and its 200-day simple moving average is $185.32. The firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 92.58, a price-to-earnings-growth ratio of 3.43 and a beta of 1.23. Monolithic Power Systems, Inc. has a 12 month low of $130.12 and a 12 month high of $238.94.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Tuesday, April 28th. The semiconductor company reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.01. The business had revenue of $165.78 million for the quarter, compared to analyst estimates of $161.15 million. Monolithic Power Systems had a return on equity of 14.87% and a net margin of 18.15%. The company’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.84 EPS. On average, sell-side analysts expect that Monolithic Power Systems, Inc. will post 2.68 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Monday, June 29th. Monolithic Power Systems’s dividend payout ratio (DPR) is 79.05%.

MPWR has been the topic of several recent research reports. Loop Capital dropped their price target on Monolithic Power Systems from $210.00 to $195.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Deutsche Bank boosted their price target on Monolithic Power Systems from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Stifel Nicolaus boosted their price target on Monolithic Power Systems from $185.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Needham & Company LLC boosted their target price on Monolithic Power Systems from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Cowen boosted their target price on Monolithic Power Systems from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Monolithic Power Systems has an average rating of “Buy” and an average price target of $220.89.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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