SRS Capital Advisors Inc. Raises Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

SRS Capital Advisors Inc. boosted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 14.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,321 shares of the semiconductor company’s stock after buying an additional 167 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Monolithic Power Systems were worth $1,086,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Monolithic Power Systems by 19.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock worth $37,583,000 after buying an additional 9,125 shares in the last quarter. Weiss Asset Management LP acquired a new position in Monolithic Power Systems in the 4th quarter valued at $1,899,000. Cim LLC purchased a new position in shares of Monolithic Power Systems during the 4th quarter worth $2,197,000. Cetera Investment Advisers lifted its stake in shares of Monolithic Power Systems by 237.3% during the 1st quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock worth $4,583,000 after purchasing an additional 4,760 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Monolithic Power Systems by 4.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 115,098 shares of the semiconductor company’s stock worth $77,970,000 after purchasing an additional 5,335 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

MPWR has been the subject of several analyst reports. TD Cowen upped their target price on Monolithic Power Systems from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Oppenheimer increased their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. Needham & Company LLC boosted their target price on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a report on Monday, August 5th. KeyCorp increased their price target on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Raymond James increased their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average target price of $912.30.

Monolithic Power Systems Stock Down 4.2 %

Shares of MPWR stock traded down $35.18 during mid-day trading on Friday, reaching $806.31. The company’s stock had a trading volume of 804,027 shares, compared to its average volume of 536,910. The company’s 50 day simple moving average is $854.54 and its 200-day simple moving average is $764.82. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $959.64. The firm has a market capitalization of $39.25 billion, a PE ratio of 96.10, a price-to-earnings-growth ratio of 4.32 and a beta of 1.12.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The business had revenue of $507.40 million for the quarter, compared to the consensus estimate of $490.66 million. During the same quarter last year, the firm posted $2.05 EPS. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Friday, June 28th. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

Insider Activity

In related news, EVP Deming Xiao sold 859 shares of Monolithic Power Systems stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $668,637.01. Following the sale, the executive vice president now owns 202,354 shares of the company’s stock, valued at approximately $157,510,330.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Deming Xiao sold 859 shares of Monolithic Power Systems stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $668,637.01. Following the sale, the executive vice president now owns 202,354 shares of the company’s stock, valued at approximately $157,510,330.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the sale, the chief financial officer now directly owns 61,678 shares in the company, valued at approximately $55,769,247.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,299 shares of company stock valued at $83,140,933. Company insiders own 3.20% of the company’s stock.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.