Commerce Bank Makes New $15.11 Million Investment in Monolithic Power Systems, Inc. $MPWR

Key Points

• Commerce Bank acquired 10,928 shares of Monolithic Power Systems in the second quarter, valued at approximately $15.11 million. Institutional investors collectively own 93.46% of MPWR’s outstanding shares.
• Analysts remain broadly bullish, with an average “Moderate Buy” rating and a consensus price target of $1,731.42; individual targets range as high as $2,013.
• Monolithic Power Systems exceeded quarterly expectations, reporting $6.50 in EPS and $980.64 million in revenue, up 47.6% year over year. The company also pays a quarterly dividend of $2 per share, while insiders have sold roughly $13.9 million of stock in the past 90 days.

Commerce Bank bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,928 shares of the semiconductor company's stock, valued at approximately $15,106,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MPWR. Fideuram Asset Management Ireland dac acquired a new position in Monolithic Power Systems during the fourth quarter worth about $3,983,000. Mirabaud Asset Management Ltd acquired a new stake in shares of Monolithic Power Systems during the 4th quarter valued at approximately $4,424,000. B. Metzler seel. Sohn & Co. AG lifted its position in shares of 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 valued at $2,219,000 after acquiring an additional 770 shares during the period. Baker Avenue Asset Management LP lifted its position in shares of Monolithic Power Systems by 436.6% during the 4th quarter. Baker Avenue Asset Management LP now owns 3,182 shares of the semiconductor company's stock valued at $2,884,000 after acquiring an additional 2,589 shares during the period. Finally, Norges Bank purchased a new stake in shares of Monolithic Power Systems during the 4th quarter worth approximately $658,656,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analysts Set New Price Targets

MPWR has been the topic of a number of research reports. Oppenheimer set a $1,700.00 price target on Monolithic Power Systems in a report on Friday, May 1st. TD Cowen lifted their price objective on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a "buy" rating in a report on Friday, May 1st. Zacks Research upgraded 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 target price on Monolithic Power Systems and gave the company a "buy" rating in a report on Thursday. Finally, Wall Street Zen upgraded Monolithic Power Systems from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $1,731.42.

Monolithic Power Systems Trading Up 0.4%

Shares of MPWR opened at $1,316.28 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $800.97 and a 12-month high of $1,714.09. The stock has a market cap of $64.68 billion, a P/E ratio of 80.70 and a beta of 1.69. The company has a 50-day moving average of $1,373.38 and a two-hundred day moving average of $1,346.04.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating 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 business had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. During the same period in the prior year, the business earned $4.21 earnings per share. The company's quarterly revenue was up 47.6% on a year-over-year basis. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

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

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Saria Tseng sold 7,565 shares of the firm's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the transaction, the executive vice president owned 144,218 shares of the company's stock, valued at approximately $245,170,600. This trade represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jeff Zhou sold 486 shares of the business's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total value of $816,480.00. Following the completion of the transaction, the director directly owned 3,800 shares of the company's stock, valued at approximately $6,384,000. This trade represents a 11.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,191 shares of company stock worth $13,874,865 in the last 90 days. Corporate insiders own 3.60% of the company's stock.

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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