Monolithic Power Systems, Inc. $MPWR Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.8% in the first quarter, HoldingsChannel reports. The firm owned 153,767 shares of the semiconductor company’s stock after acquiring an additional 2,729 shares during the period. Dimensional Fund Advisors LP’s holdings in Monolithic Power Systems were worth $168,060,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Corient Private Wealth LLC raised its holdings in shares of Monolithic Power Systems by 3,719.6% in the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock worth $1,855,476,000 after acquiring an additional 1,993,576 shares during the last quarter. Norges Bank purchased a new stake in Monolithic Power Systems during the 4th quarter worth about $658,656,000. Invesco Ltd. increased its position in Monolithic Power Systems by 25.9% during the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock worth $1,300,345,000 after purchasing an additional 295,556 shares in the last quarter. First Trust Advisors LP raised its stake in Monolithic Power Systems by 56.6% in the 4th quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company’s stock valued at $635,770,000 after purchasing an additional 253,653 shares during the last quarter. Finally, Barclays PLC raised its stake in Monolithic Power Systems by 67.0% in the 4th quarter. Barclays PLC now owns 604,802 shares of the semiconductor company’s stock valued at $548,168,000 after purchasing an additional 242,740 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MPWR. Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 1st. Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. Rosenblatt Securities boosted their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. Finally, Stifel Nicolaus raised their target price on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,657.27.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $1,333.81 on Friday. The company has a 50-day moving average of $1,461.46 and a 200-day moving average of $1,301.85. Monolithic Power Systems, Inc. has a 12 month low of $704.02 and a 12 month high of $1,714.09. The company has a market cap of $65.53 billion, a P/E ratio of 96.17, a P/E/G ratio of 2.38 and a beta of 1.71.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.90 by $0.20. The company had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. Monolithic Power Systems’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same quarter last year, the business earned $4.04 EPS. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 20.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s payout ratio is currently 57.68%.

Insider Activity

In other Monolithic Power Systems news, EVP Saria Tseng sold 7,565 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the sale, the executive vice president directly owned 144,218 shares in the company, valued at $245,170,600. The trade was a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total transaction of $18,736,800.00. Following the completion of the sale, the executive vice president directly owned 166,644 shares of the company’s stock, valued at $260,197,941.60. The trade was a 6.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 69,370 shares of company stock valued at $112,702,503 over the last quarter. 3.60% of the stock is owned by insiders.

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.