Ameritas Advisory Services LLC Boosts Stake in Monolithic Power Systems, Inc. $MPWR

Key Points

• Ameritas Advisory Services increased its Monolithic Power Systems stake by 773.4% in the second quarter, while institutional investors collectively owned 93.46% of MPWR’s shares.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $1,731.42 after several firms raised their targets.
• Monolithic Power Systems reported strong quarterly results, earning $6.50 per share on $980.64 million in revenue—beating estimates and representing 47.6% year-over-year revenue growth. Shares opened at $1,218.50, down 0.4%.

Ameritas Advisory Services LLC increased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 773.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,677 shares of the semiconductor company's stock after acquiring an additional 1,485 shares during the quarter. Ameritas Advisory Services LLC's holdings in Monolithic Power Systems were worth $2,318,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MPWR. BlackRock Inc. acquired a new stake in shares of Monolithic Power Systems in the second quarter valued at approximately $7,727,289,000. State Street Corp grew its holdings in Monolithic Power Systems by 2.1% in the 4th quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company's stock valued at $1,979,610,000 after buying an additional 45,715 shares in the last quarter. Corient Private Wealth LLC grew its holdings in Monolithic Power Systems by 3,719.6% in the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company's stock valued at $1,855,476,000 after buying an additional 1,993,576 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Monolithic Power Systems by 7.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company's stock worth $1,533,013,000 after acquiring an additional 117,596 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Monolithic Power Systems by 25.9% in the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company's stock worth $1,300,345,000 after acquiring an additional 295,556 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Activity

In other Monolithic Power Systems news, Director Kuo Wei Chang sold 50 shares of Monolithic Power Systems stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the completion of the transaction, the director directly owned 515 shares of the company's stock, valued at $660,008.55. The trade was a 8.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Maurice Sciammas sold 30 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the transaction, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 160 shares of company stock worth $215,945. 3.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MPWR has been the topic of several analyst reports. Truist Financial boosted their price target on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Wells Fargo & Company raised their price objective on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. KeyCorp boosted their target price on shares of 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. Raymond James Financial reissued an "outperform" rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. Finally, Needham & Company LLC raised their price target on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a "buy" rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and an average price target of $1,731.42.

Monolithic Power Systems Trading Down 0.4%

Shares of MPWR opened at $1,218.50 on Wednesday. The firm has a market cap of $59.88 billion, a P/E ratio of 74.71 and a beta of 1.66. Monolithic Power Systems, Inc. has a 12-month low of $830.00 and a 12-month high of $1,714.09. The company's 50-day moving average price is $1,323.03 and its 200 day moving average price is $1,354.02.

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

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems's payout ratio is presently 49.05%.

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.

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