iA Global Asset Management Inc. Makes New Investment in Monolithic Power Systems, Inc. $MPWR

iA Global Asset Management Inc. bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 600 shares of the semiconductor company’s stock, valued at approximately $552,000.

Several other institutional investors have also added to or reduced their stakes in MPWR. True Wealth Design LLC raised its holdings in shares of Monolithic Power Systems by 61.1% during the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 11 shares in the last quarter. Fortress Financial Solutions LLC boosted its position in shares of Monolithic Power Systems by 1.7% in the 2nd quarter. Fortress Financial Solutions LLC now owns 709 shares of the semiconductor company’s stock worth $518,000 after purchasing an additional 12 shares in the last quarter. Cromwell Holdings LLC boosted its holdings in Monolithic Power Systems by 9.2% in the third quarter. Cromwell Holdings LLC now owns 143 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 12 shares in the last quarter. Gilbert & Cook Inc. grew its position in Monolithic Power Systems by 2.3% during the 2nd quarter. Gilbert & Cook Inc. now owns 655 shares of the semiconductor company’s stock valued at $479,000 after purchasing an additional 15 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its position in shares of Monolithic Power Systems by 3.8% during the third quarter. Fifth Third Wealth Advisors LLC now owns 407 shares of the semiconductor company’s stock valued at $375,000 after acquiring an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. TD Cowen restated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, October 31st. Wolfe Research set a $1,200.00 target price on shares of Monolithic Power Systems and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Wells Fargo & Company boosted their price objective on Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Stifel Nicolaus upped their price target on Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Finally, Truist Financial increased their price objective on shares of Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,074.58.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $1,063.74 on Monday. The stock has a 50 day moving average price of $953.51 and a 200-day moving average price of $905.71. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,123.38. The company has a market capitalization of $50.96 billion, a P/E ratio of 27.16, a P/E/G ratio of 3.00 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for 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. Monolithic Power Systems’s revenue was up 18.9% on a year-over-year basis. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $1.56 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 15.93%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Saria Tseng sold 20,000 shares of the business’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 transaction of $18,529,400.00. Following the sale, the executive vice president directly owned 187,331 shares of the company’s stock, valued at $173,556,551.57. The trade was a 9.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Maurice Sciammas sold 27,966 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $881.66, for a total value of $24,656,503.56. Following the completion of the sale, the executive vice president directly owned 148,306 shares of the company’s stock, valued at $130,755,467.96. The trade was a 15.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 69,976 shares of company stock worth $63,370,417 in the last 90 days. 3.40% of the stock is currently owned by insiders.

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.