Global X Japan Co. Ltd. Has $2.53 Million Holdings in Monolithic Power Systems, Inc. $MPWR

Global X Japan Co. Ltd. lowered its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 32.6% in the third quarter, Holdings Channel reports. The firm owned 2,747 shares of the semiconductor company’s stock after selling 1,326 shares during the period. Global X Japan Co. Ltd.’s holdings in Monolithic Power Systems were worth $2,529,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WPG Advisers LLC acquired a new position in shares of Monolithic Power Systems in the first quarter valued at approximately $27,000. NewSquare Capital LLC lifted its holdings in shares of Monolithic Power Systems by 76.0% in the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 19 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Monolithic Power Systems during the second quarter worth about $36,000. Armstrong Advisory Group Inc. grew its holdings in shares of Monolithic Power Systems by 192.9% during the third quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock worth $38,000 after buying an additional 27 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its stake in Monolithic Power Systems by 306.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 65 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 49 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Insider Transactions at Monolithic Power Systems

In related news, EVP Saria Tseng sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $926.47, for a total value of $18,529,400.00. Following the sale, the executive vice president directly owned 187,331 shares in the company, valued at $173,556,551.57. This represents a 9.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Theodore Blegen sold 3,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $913.22, for a total transaction of $2,739,660.00. Following the sale, the chief financial officer directly owned 37,940 shares of the company’s stock, valued at $34,647,566.80. This represents a 7.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 86,516 shares of company stock worth $80,331,635. Company insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MPWR. Wells Fargo & Company increased their target price on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. TD Cowen lifted 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 report on Friday, October 31st. Needham & Company LLC upped their target price on Monolithic Power Systems from $820.00 to $1,025.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Wolfe Research set a $1,200.00 price target on Monolithic Power Systems and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Finally, Weiss Ratings raised Monolithic Power Systems from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,074.58.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $943.55 on Wednesday. The stock has a market capitalization of $45.21 billion, a PE ratio of 24.09, a P/E/G ratio of 3.19 and a beta of 1.47. The business has a fifty day moving average price of $967.19 and a two-hundred day moving average price of $864.06. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,123.38.

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

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $1.56 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $6.24 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 15.93%.

Monolithic Power Systems Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.