Congress Asset Management Co. Grows Position in Monolithic Power Systems, Inc. $MPWR

Key Points

• Congress Asset Management Co. increased its stake in Monolithic Power Systems by 2.0%, bringing its total shares owned to 125,169, valued at approximately $91.5 million.
• Research analysts have raised price targets for Monolithic Power Systems, with consensus estimates now suggesting a price target of $838.09 and ratings varying from Strong Buy to Hold.
• The semiconductor company recently reported a quarterly earnings per share of $4.21, exceeding expectations, and announced a quarterly dividend of $1.56 to be issued on October 15th.

Congress Asset Management Co. increased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 2.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 125,169 shares of the semiconductor company's stock after purchasing an additional 2,509 shares during the quarter. Congress Asset Management Co. owned approximately 0.26% of Monolithic Power Systems worth $91,546,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in Monolithic Power Systems by 76,432.3% during the 1st quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company's stock valued at $451,418,000 after buying an additional 777,316 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Monolithic Power Systems by 33.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,034,731 shares of the semiconductor company's stock valued at $1,180,104,000 after buying an additional 506,430 shares in the last quarter. Nuveen LLC bought a new position in Monolithic Power Systems during the 1st quarter valued at approximately $105,751,000. BNP Paribas Financial Markets increased its position in Monolithic Power Systems by 87.9% during the 1st quarter. BNP Paribas Financial Markets now owns 284,097 shares of the semiconductor company's stock valued at $164,771,000 after buying an additional 132,880 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Monolithic Power Systems by 26.5% during the 1st quarter. JPMorgan Chase & Co. now owns 629,566 shares of the semiconductor company's stock valued at $365,136,000 after buying an additional 132,078 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Loop Capital raised their price objective on Monolithic Power Systems from $760.00 to $800.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Raymond James Financial reaffirmed an "outperform" rating and set a $875.00 price objective (up previously from $720.00) on shares of Monolithic Power Systems in a research report on Friday, August 1st. Oppenheimer reaffirmed an "outperform" rating and set a $800.00 price objective (up previously from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. Wells Fargo & Company lifted their target price on Monolithic Power Systems from $730.00 to $750.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Finally, Needham & Company LLC lifted their target price on Monolithic Power Systems from $800.00 to $820.00 and gave the stock a "buy" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and an average price target of $838.09.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $891.39 on Friday. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $954.00. The firm has a market capitalization of $42.69 billion, a P/E ratio of 23.21, a PEG ratio of 3.38 and a beta of 1.23. The business has a fifty day moving average of $823.36 and a 200 day moving average of $705.04.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $4.21 EPS for the quarter, topping the consensus estimate of $4.12 by $0.09. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%.The company had revenue of $664.57 million during the quarter, compared to analyst estimates of $648.74 million. During the same quarter in the previous year, the company posted $3.17 earnings per share. Monolithic Power Systems's revenue was up 31.0% compared to the same quarter last year. Monolithic Power Systems has set its Q3 2025 guidance at EPS. Analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $1.56 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.24 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems's payout ratio is presently 16.25%.

Insider Buying and Selling

In related news, Director Carintia Martinez sold 1,400 shares of Monolithic Power Systems stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $900.00, for a total transaction of $1,260,000.00. Following the transaction, the director directly owned 878 shares in the company, valued at approximately $790,200. The trade was a 61.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeff Zhou sold 193 shares of Monolithic Power Systems stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $870.00, for a total value of $167,910.00. Following the transaction, the director owned 5,611 shares in the company, valued at $4,881,570. This trade represents a 3.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,702 shares of company stock valued at $55,594,820 over the last ninety days. 3.40% of the stock is owned by insiders.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.

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