First Trust Advisors LP Boosts Holdings in Monolithic Power Systems, Inc. $MPWR

First Trust Advisors LP lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 46.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 269,179 shares of the semiconductor company’s stock after purchasing an additional 85,777 shares during the period. First Trust Advisors LP owned about 0.56% of Monolithic Power Systems worth $196,872,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in Monolithic Power Systems by 11.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 524 shares of the semiconductor company’s stock worth $383,000 after buying an additional 53 shares in the last quarter. 1832 Asset Management L.P. acquired a new position in shares of Monolithic Power Systems in the second quarter worth about $2,782,000. Beacon Pointe Advisors LLC purchased a new position in Monolithic Power Systems in the second quarter valued at about $256,000. Westerkirk Capital Inc. purchased a new position in Monolithic Power Systems in the second quarter valued at about $1,176,000. Finally, M&T Bank Corp grew its stake in Monolithic Power Systems by 2.2% during the 2nd quarter. M&T Bank Corp now owns 2,664 shares of the semiconductor company’s stock valued at $1,948,000 after purchasing an additional 58 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MPWR has been the subject of several research analyst reports. Citigroup increased their target price on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Stifel Nicolaus upped their price target on shares of Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, October 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Monolithic Power Systems in a report on Wednesday, October 8th. Rosenblatt Securities boosted their target price on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, William Blair raised shares of Monolithic Power Systems to a “strong-buy” rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,047.27.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 3,976 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $895.23, for a total transaction of $3,559,434.48. Following the completion of the transaction, the executive vice president owned 144,330 shares in the company, valued at $129,208,545.90. The trade was a 2.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Theodore Blegen sold 3,000 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $908.21, for a total value of $2,724,630.00. Following the completion of the sale, the chief financial officer directly owned 71,332 shares in the company, valued at $64,784,435.72. This represents a 4.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 102,426 shares of company stock worth $94,860,304. Company insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $952.74 on Friday. The company’s fifty day moving average is $963.25 and its two-hundred day moving average is $836.85. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $1,123.38. The stock has a market capitalization of $45.65 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 3.24 and a beta of 1.47.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.11. The business had revenue of $737.18 million during the quarter, compared to the consensus estimate of $720.66 million. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.06 EPS. Sell-side analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, September 30th. Monolithic Power Systems’s dividend payout ratio is presently 15.93%.

Monolithic Power Systems 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.