Avanza Fonder AB Acquires 600 Shares of Monolithic Power Systems, Inc. $MPWR

Avanza Fonder AB raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 15.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,413 shares of the semiconductor company’s stock after acquiring an additional 600 shares during the quarter. Avanza Fonder AB’s holdings in Monolithic Power Systems were worth $4,063,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. WPG Advisers LLC bought a new stake in shares of Monolithic Power Systems during the 1st quarter valued at $27,000. NewSquare Capital LLC grew its stake in shares of Monolithic Power Systems by 76.0% during the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 19 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Monolithic Power Systems during the second quarter worth $36,000. Armstrong Advisory Group Inc. increased its holdings in Monolithic Power Systems by 192.9% in the third quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 27 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its stake in Monolithic Power Systems by 306.3% in the second quarter. AdvisorNet Financial Inc now owns 65 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 3,976 shares of the company’s stock in a transaction dated 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 directly owned 144,330 shares of the company’s stock, valued at $129,208,545.90. This represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $896.97, for a total value of $89,697.00. Following the transaction, the director owned 426 shares of the company’s stock, valued at approximately $382,109.22. The trade was a 19.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 86,516 shares of company stock valued at $80,331,635. 3.40% of the stock is currently owned by company insiders.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $946.32 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,123.38. The company’s 50 day moving average price is $963.45 and its two-hundred day moving average price is $866.96. The company has a market capitalization of $45.34 billion, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 3.22 and a beta of 1.47.

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

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $1.56 dividend. 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 currently 15.93%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MPWR. Stifel Nicolaus boosted their target price on Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Rosenblatt Securities lifted their price objective on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a research note 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. Cowen reiterated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, October 31st. Finally, Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $820.00 to $1,025.00 and gave the company a “buy” rating in a report on Monday, September 29th. One 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 a consensus rating of “Moderate Buy” and a consensus target price of $1,074.58.

Monolithic Power Systems Company 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.