Baird Financial Group Inc. Increases Stake in Monolithic Power Systems, Inc. $MPWR

Key Points

• Baird Financial Group increased its Monolithic Power Systems stake by 10.3% in the second quarter, bringing its holdings to 81,895 shares worth approximately $113.2 million. Institutional investors collectively own 93.46% of MPWR.
• 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 “Moderate Buy” consensus rating with an average price target of $1,731.42.
• Insiders sold 160 shares worth $215,945 over the past quarter, while the company’s quarterly dividend implies an annualized payout of $8 per share and a 0.7% yield.

Baird Financial Group Inc. grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 10.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,895 shares of the semiconductor company's stock after acquiring an additional 7,624 shares during the period. Baird Financial Group Inc. owned 0.17% of Monolithic Power Systems worth $113,210,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Fideuram Asset Management Ireland dac bought a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $3,983,000. Baker Avenue Asset Management LP grew its position in shares of Monolithic Power Systems by 436.6% during the fourth quarter. Baker Avenue Asset Management LP now owns 3,182 shares of the semiconductor company's stock valued at $2,884,000 after purchasing an additional 2,589 shares in the last quarter. Norges Bank bought a new stake in shares of Monolithic Power Systems in the fourth quarter worth about $658,656,000. ProShare Advisors LLC boosted its stake in Monolithic Power Systems by 291.9% during the fourth quarter. ProShare Advisors LLC now owns 99,461 shares of the semiconductor company's stock valued at $90,147,000 after buying an additional 74,082 shares during the last quarter. Finally, IFM Investors Pty Ltd purchased a new position in Monolithic Power Systems during the 1st quarter valued at approximately $10,462,000. Institutional investors own 93.46% of the company's stock.

Insider Activity

In related 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 value of $64,078.50. Following the sale, the director directly 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 SEC, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of the firm's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the sale, 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. Insiders have sold a total of 160 shares of company stock worth $215,945 over the last quarter. 3.60% of the stock is currently owned by insiders.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,218.50 on Wednesday. The stock's fifty day moving average is $1,323.03 and its 200 day moving average is $1,354.02. Monolithic Power Systems, Inc. has a fifty-two week low of $830.00 and a fifty-two week high of $1,714.09. The firm has a market capitalization of $59.88 billion, a PE ratio of 74.71 and a beta of 1.66.

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

Monolithic Power Systems Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Needham & Company LLC lifted their price objective on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Wall Street Zen raised shares of Monolithic Power Systems from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Zacks Research upgraded shares of Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 18th. Arete Research set a $2,013.00 price target on shares of Monolithic Power Systems and gave the company a "buy" rating in a research note on Thursday, August 20th. Finally, Weiss Ratings lowered shares of Monolithic Power Systems from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,731.42.

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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