Dimensional Fund Advisors LP Has $144.11 Million Position in Monolithic Power Systems, Inc. $MPWR

Key Points

• Dimensional Fund Advisors LP increased its stake in Monolithic Power Systems by 4.1% in Q3 to 156,577 shares, valued at about $144.11 million and representing roughly 0.33% of the company.
• Monolithic Power beat quarterly estimates with $4.79 EPS vs. $4.74 expected and $751.16M revenue (up 20.8% year-over-year), and the company raised its quarterly dividend to $2.00 (annualized $8.00, yield ~0.8%).
• Insiders sold a total of 98,550 shares worth roughly $114.26 million in the last three months, while institutional ownership remains high (93.46%) and analysts' consensus is a "Moderate Buy" with an average price target of $1,218.42.

Dimensional Fund Advisors LP increased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 4.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 156,577 shares of the semiconductor company's stock after purchasing an additional 6,216 shares during the period. Dimensional Fund Advisors LP owned approximately 0.33% of Monolithic Power Systems worth $144,113,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Penserra Capital Management LLC lifted its position in shares of Monolithic Power Systems by 88.9% during the 3rd quarter. Penserra Capital Management LLC now owns 2,191 shares of the semiconductor company's stock worth $2,016,000 after buying an additional 1,031 shares during the period. AE Wealth Management LLC acquired a new position in Monolithic Power Systems during the third quarter worth $1,121,000. Candriam S.C.A. lifted its holdings in shares of Monolithic Power Systems by 6.9% during the third quarter. Candriam S.C.A. now owns 85,907 shares of the semiconductor company's stock valued at $79,089,000 after acquiring an additional 5,561 shares during the period. Vanguard Group Inc. boosted its stake in shares of Monolithic Power Systems by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company's stock valued at $5,591,998,000 after purchasing an additional 134,087 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Monolithic Power Systems by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company's stock worth $794,723,000 after purchasing an additional 6,503 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $1,055.82 on Wednesday. The firm has a 50 day simple moving average of $1,092.36 and a 200 day simple moving average of $990.35. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,256.22. The firm has a market cap of $51.86 billion, a P/E ratio of 82.87, a P/E/G ratio of 2.69 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.05. The firm had revenue of $751.16 million for the quarter, compared to the consensus estimate of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The business's revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.09 EPS. On average, sell-side analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $2.00 dividend. The ex-dividend date is Tuesday, March 31st. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.56. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. Monolithic Power Systems's dividend payout ratio is 48.98%.

Insider Activity

In related news, EVP Maurice Sciammas sold 200 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $1,179.97, for a total value of $235,994.00. Following the transaction, the executive vice president directly owned 1,299 shares in the company, valued at $1,532,781.03. This represents a 13.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Deming Xiao sold 22,875 shares of Monolithic Power Systems stock in a transaction on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the sale, the executive vice president directly owned 235,932 shares of the company's stock, valued at $276,314,121.12. This represents a 8.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 98,550 shares of company stock worth $114,256,090. Corporate insiders own 3.40% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on MPWR. Rosenblatt Securities lifted their price target on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a "neutral" rating in a report on Friday, February 6th. Oppenheimer reaffirmed an "outperform" rating and set a $1,300.00 price objective on shares of Monolithic Power Systems in a report on Thursday, January 29th. Citigroup lifted their target price on shares of Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a research note on Monday, February 9th. KeyCorp increased their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Friday, February 6th. Finally, Zacks Research upgraded Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 10th. One equities 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1,218.42.

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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