Assenagon Asset Management S.A. Buys 667 Shares of Monolithic Power Systems, Inc. $MPWR

Assenagon Asset Management S.A. increased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 71.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,606 shares of the semiconductor company’s stock after acquiring an additional 667 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Monolithic Power Systems were worth $1,479,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Moody National Bank Trust Division increased its position in shares of Monolithic Power Systems by 6.5% during the third quarter. Moody National Bank Trust Division now owns 2,036 shares of the semiconductor company’s stock worth $1,874,000 after acquiring an additional 124 shares during the period. Aaron Wealth Advisors LLC boosted its holdings in shares of Monolithic Power Systems by 79.9% in the third quarter. Aaron Wealth Advisors LLC now owns 973 shares of the semiconductor company’s stock valued at $896,000 after purchasing an additional 432 shares during the period. Central Pacific Bank Trust Division grew its stake in Monolithic Power Systems by 13.0% in the third quarter. Central Pacific Bank Trust Division now owns 1,219 shares of the semiconductor company’s stock worth $1,122,000 after purchasing an additional 140 shares in the last quarter. GAMMA Investing LLC grew its stake in Monolithic Power Systems by 7.7% in the third quarter. GAMMA Investing LLC now owns 1,869 shares of the semiconductor company’s stock worth $1,721,000 after purchasing an additional 134 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in Monolithic Power Systems by 90.0% during the 2nd quarter. Corient Private Wealth LLC now owns 110,282 shares of the semiconductor company’s stock worth $80,658,000 after purchasing an additional 52,248 shares during the period. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 1.0%

Shares of NASDAQ:MPWR opened at $953.00 on Thursday. The company has a market capitalization of $45.66 billion, a PE ratio of 24.34, a P/E/G ratio of 3.19 and a beta of 1.47. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,123.38. The business’s fifty day simple moving average is $966.09 and its 200-day simple moving average is $864.68.

Monolithic Power Systems (NASDAQ:MPWR) last issued 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. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.The company had revenue of $737.18 million for the quarter, compared to the consensus estimate of $720.66 million. During the same quarter last year, the company earned $4.06 earnings per share. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. Research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Truist Financial upped their target price on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a report on Friday, December 19th. KeyCorp lifted their price objective on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, December 19th. Rosenblatt Securities increased their target price on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, Wolfe Research set a $1,200.00 target price on shares of Monolithic Power Systems and gave the company an “outperform” rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,074.58.

Insider Transactions at Monolithic Power Systems

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

About Monolithic Power Systems

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.