20,935 Shares in Monolithic Power Systems, Inc. $MPWR Acquired by Nykredit A S

Key Points

• Nykredit A S acquired 20,935 shares of Monolithic Power Systems in the second quarter, valued at approximately $28.94 million. Institutional investors collectively own 93.46% of the company.
• Monolithic Power Systems reported strong quarterly results, with EPS of $6.50 beating estimates of $5.87 and revenue rising 47.6% year over year to $980.64 million.
• Analysts maintain a generally positive outlook, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $1,731.42; the company also declared a quarterly dividend of $2.00 per share.

Nykredit A S bought a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 20,935 shares of the semiconductor company's stock, valued at approximately $28,940,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Fideuram Asset Management Ireland dac purchased a new position in shares of Monolithic Power Systems during the 4th quarter worth $3,983,000. Baker Avenue Asset Management LP raised its holdings in Monolithic Power Systems by 436.6% in the 4th quarter. Baker Avenue Asset Management LP now owns 3,182 shares of the semiconductor company's stock worth $2,884,000 after purchasing an additional 2,589 shares during the period. Norges Bank bought a new position in Monolithic Power Systems in the 4th quarter worth $658,656,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new position in Monolithic Power Systems during the fourth quarter valued at $1,283,000. Finally, IFM Investors Pty Ltd bought a new stake in Monolithic Power Systems during the first quarter valued at about $10,462,000. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Trading Up 4.1%

Shares of MPWR opened at $1,217.80 on Friday. The business's 50 day moving average is $1,300.54 and its 200 day moving average is $1,352.29. The company has a market capitalization of $59.84 billion, a PE ratio of 74.67 and a beta of 1.66. Monolithic Power Systems, Inc. has a 12-month low of $833.18 and a 12-month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The business had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. During the same period in the prior year, the company posted $4.21 EPS. The firm's revenue for the quarter was up 47.6% compared to the same quarter last year. Equities research analysts predict that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, September 30th. Monolithic Power Systems's payout ratio is currently 49.05%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, Director Kuo Wei Chang sold 50 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the completion of the transaction, the director owned 515 shares of the company's stock, valued at $660,008.55. This represents a 8.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the transaction, the executive vice president owned 1,119 shares of the company's stock, valued at approximately $1,503,868.86. The trade was a 2.61% 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. In the last quarter, insiders sold 160 shares of company stock worth $215,945. Corporate insiders own 3.60% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Rosenblatt Securities restated a "neutral" rating and issued a $1,575.00 price target on shares of Monolithic Power Systems in a research report on Friday, July 31st. Arete Research set a $2,013.00 price objective on Monolithic Power Systems and gave the company a "buy" rating in a research note on Thursday, August 20th. Raymond James Financial reissued an "outperform" rating on shares of Monolithic Power Systems in a report on Wednesday, August 12th. Zacks Research upgraded shares of Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 18th. Finally, Needham & Company LLC lifted their price target on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a "buy" rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,731.42.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc NASDAQ: MPWR designs, develops and markets high-performance semiconductor solutions, with a focus on power management. Its products help regulate, convert and control electrical power in electronic systems, enabling more efficient operation in applications ranging from computing and communications equipment to automotive, industrial and consumer devices.

The company's portfolio includes DC-to-DC converters, power modules, battery chargers, power-management integrated circuits, motor drivers, LED drivers, voltage regulators and other analog semiconductor products.

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