Aberdeen Group plc Boosts Holdings in Monolithic Power Systems, Inc. $MPWR

Key Points

• Aberdeen Group increased its Monolithic Power Systems stake by 6.2% in the second quarter to 41,854 shares valued at approximately $57.9 million. Institutional investors collectively own 93.46% of MPWR.
• Analyst sentiment is positive: MPWR has an overall “Moderate Buy” rating, with an average price target of $1,705.82; KeyCorp recently raised its target to $2,100.
• Monolithic Power Systems exceeded quarterly expectations, reporting $6.50 EPS and $980.64 million in revenue, while revenue grew 47.6% year over year. The company also maintains a quarterly dividend of $2.00 per share, equivalent to a 0.6% annual yield.

Aberdeen Group plc raised its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 6.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,854 shares of the semiconductor company's stock after buying an additional 2,432 shares during the period. Aberdeen Group plc owned about 0.09% of Monolithic Power Systems worth $57,857,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Fideuram Asset Management Ireland dac acquired a new position in Monolithic Power Systems during the 4th quarter worth $3,983,000. Merit Financial Group LLC lifted its position in shares of Monolithic Power Systems by 183.9% in the fourth quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company's stock worth $2,499,000 after purchasing an additional 1,786 shares in the last quarter. Mirabaud Asset Management Ltd acquired a new stake in Monolithic Power Systems during the fourth quarter worth approximately $4,424,000. B. Metzler seel. Sohn & Co. AG grew its position in Monolithic Power Systems by 45.9% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 2,448 shares of the semiconductor company's stock worth $2,219,000 after acquiring an additional 770 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Monolithic Power Systems by 37.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,070 shares of the semiconductor company's stock worth $81,636,000 after acquiring an additional 24,657 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Zacks Research raised shares of Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 18th. Oppenheimer set a $1,700.00 price target on Monolithic Power Systems in a research report on Friday, May 1st. Raymond James Financial reiterated an "outperform" rating on shares of Monolithic Power Systems in a research note on Wednesday. KeyCorp raised their price target on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Finally, Wall Street Zen raised Monolithic Power Systems from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,705.82.

Insider Activity

In related news, Director Kuo Wei Herbert Chang sold 50 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,420.00, for a total value of $71,000.00. Following the transaction, the director directly owned 565 shares of the company's stock, valued at $802,300. This trade represents a 8.13% 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 30 shares of Monolithic Power Systems 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 completion of the transaction, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. This represents 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. Insiders have sold a total of 13,191 shares of company stock valued at $21,807,015 over the last quarter. 3.60% of the stock is owned by corporate insiders.

Monolithic Power Systems Stock Up 2.9%

Shares of NASDAQ:MPWR opened at $1,402.01 on Friday. The firm has a market capitalization of $68.90 billion, a P/E ratio of 85.96 and a beta of 1.69. The firm has a fifty day moving average of $1,394.48 and a two-hundred day moving average of $1,338.74. Monolithic Power Systems, Inc. has a 12-month low of $800.97 and a 12-month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $903.30 million. During the same period in the prior year, the firm posted $4.21 EPS. Monolithic Power Systems's quarterly revenue was up 47.6% compared to the same quarter last year. Equities research analysts expect that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems's payout ratio is presently 49.05%.

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.

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