E Fund Management Co. Ltd. Purchases New Position in Monolithic Power Systems, Inc. $MPWR

Key Points

• E Fund Management purchased 3,046 shares of Monolithic Power Systems worth approximately $4.2 million, while institutional investors collectively own 93.46% of the company.
• Monolithic Power Systems exceeded quarterly expectations, reporting $6.50 in EPS and $980.6 million in revenue, with revenue rising 47.6% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $1,705.82, although insiders sold 13,191 shares worth $21.8 million over the past 90 days.

E Fund Management Co. Ltd. purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,046 shares of the semiconductor company's stock, valued at approximately $4,211,000.

Several other hedge funds have also bought and sold shares of the stock. IFP Advisors Inc grew its stake in shares of Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 24 shares during the period. Covestor Ltd lifted its stake in shares of Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 9 shares during the period. Danske Bank A S purchased a new stake in Monolithic Power Systems during the second quarter worth $36,000. Greenline Wealth Management LLC purchased a new stake in Monolithic Power Systems during the fourth quarter worth $38,000. Finally, Sunbelt Securities Inc. grew its position in Monolithic Power Systems by 233.3% during the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company's stock valued at $44,000 after buying an additional 28 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Activity at Monolithic Power Systems

In related news, EVP Saria Tseng sold 7,565 shares of Monolithic Power Systems stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the sale, the executive vice president directly owned 144,218 shares in the company, valued at approximately $245,170,600. The trade was a 4.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the sale, the executive vice president owned 1,119 shares of the company's stock, valued at approximately $1,503,868.86. This trade represents a 2.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 13,191 shares of company stock valued at $21,807,015. 3.60% of the stock is owned by corporate insiders.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $1,300.14 on Thursday. The firm has a market cap of $63.89 billion, a PE ratio of 79.71 and a beta of 1.69. The firm has a fifty day moving average of $1,384.18 and a 200 day moving average of $1,344.93. Monolithic Power Systems, Inc. has a one year low of $800.97 and a one year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $903.30 million. During the same period in the prior year, the business posted $4.21 earnings per share. The firm's revenue for the quarter was up 47.6% on a year-over-year basis. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid 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 0.6%. Monolithic Power Systems's dividend payout ratio (DPR) is currently 49.05%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MPWR. Weiss Ratings raised shares of Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday. KeyCorp increased their target price on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Oppenheimer set a $1,700.00 target price on Monolithic Power Systems in a research report on Friday, May 1st. Citigroup restated a "buy" rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, Truist Financial increased their price target on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,705.82.

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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