Stanley Laman Group Ltd. Takes Position in Monolithic Power Systems, Inc. $MPWR

Stanley Laman Group Ltd. bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, Holdings Channel reports. The institutional investor bought 9,235 shares of the semiconductor company’s stock, valued at approximately $8,502,000. Monolithic Power Systems accounts for approximately 1.2% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 15th largest position.

Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC raised its stake in shares of Monolithic Power Systems by 61.1% in the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 11 shares during the last quarter. SJS Investment Consulting Inc. raised its position in Monolithic Power Systems by 2,700.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 27 shares during the last quarter. NewSquare Capital LLC lifted its holdings in Monolithic Power Systems by 76.0% during the 2nd quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after buying an additional 19 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in Monolithic Power Systems during the 3rd quarter worth $33,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Monolithic Power Systems in the 2nd quarter valued at $36,000. Institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

MPWR has been the subject of a number of recent research reports. Wolfe Research set a $1,200.00 target price on Monolithic Power Systems and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Stifel Nicolaus lifted their price objective 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. Weiss Ratings restated a “buy (b-)” rating on shares of Monolithic Power Systems in a research report on Friday, December 26th. Cowen reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. Finally, Truist Financial lifted their price target on shares of Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,074.58.

Monolithic Power Systems Trading Up 3.3%

NASDAQ MPWR opened at $936.31 on Monday. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $1,123.38. The stock has a 50-day simple moving average of $951.36 and a 200 day simple moving average of $876.84. The company has a market capitalization of $44.86 billion, a PE ratio of 23.91, a P/E/G ratio of 2.66 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.62 by $0.11. The firm had revenue of $737.18 million for 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 revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the business earned $4.06 earnings per share. As a group, sell-side analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

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

Insider Transactions at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 3,000 shares of the company’s stock in a transaction on Monday, December 1st. The shares were 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 owned 71,332 shares in the company, valued at $64,784,435.72. This represents a 4.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Victor K. Lee sold 1,000 shares of the firm’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $951.72, for a total value of $951,720.00. Following the sale, the director directly owned 28,567 shares in the company, valued at $27,187,785.24. The trade was a 3.38% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 84,516 shares of company stock valued at $78,543,695. Corporate 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.