Global X Japan Co. Ltd. Boosts Position in Monolithic Power Systems, Inc. $MPWR

Key Points

• Global X Japan increased its stake in Monolithic Power Systems by 45.8% during Q4 to 4,006 shares worth $3.63 million, and institutional investors now own about 93.46% of the stock.
• Monolithic Power Systems reported a quarterly earnings beat with EPS of $4.79 (vs. $4.74 expected) and revenue of $751.16M, up 20.8% year-over-year, while analysts forecast ~13.2 EPS for the fiscal year.
• The company raised its quarterly dividend to $2.00 per share (annualized $8.00, ~0.8% yield), even as insiders have recently sold shares (including an EVP sale of 22,875 shares), and analysts have lifted price targets to a consensus near $1,218.

Global X Japan Co. Ltd. lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 45.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,006 shares of the semiconductor company's stock after acquiring an additional 1,259 shares during the quarter. Global X Japan Co. Ltd.'s holdings in Monolithic Power Systems were worth $3,631,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. True Wealth Design LLC grew its holdings in shares of Monolithic Power Systems by 61.1% during the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 11 shares during the period. Fortress Financial Solutions LLC grew its stake in Monolithic Power Systems by 1.7% in the second quarter. Fortress Financial Solutions LLC now owns 709 shares of the semiconductor company's stock worth $518,000 after purchasing an additional 12 shares during the period. Cromwell Holdings LLC lifted its position in Monolithic Power Systems by 9.2% during the third quarter. Cromwell Holdings LLC now owns 143 shares of the semiconductor company's stock valued at $132,000 after buying an additional 12 shares during the period. Sagespring Wealth Partners LLC boosted its holdings in shares of Monolithic Power Systems by 2.4% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 512 shares of the semiconductor company's stock valued at $471,000 after buying an additional 12 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of Monolithic Power Systems by 2.5% in the 3rd quarter. UMB Bank n.a. now owns 492 shares of the semiconductor company's stock worth $453,000 after buying an additional 12 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Trading Down 5.4%

Shares of NASDAQ:MPWR opened at $1,058.28 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,256.22. The company has a market cap of $51.98 billion, a PE ratio of 83.07, a price-to-earnings-growth ratio of 2.83 and a beta of 1.45. The stock has a 50 day moving average of $1,119.63 and a 200 day moving average of $1,007.45.

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

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.56. Monolithic Power Systems's dividend payout ratio is presently 62.79%.

Insiders Place Their Bets

In related news, EVP Deming Xiao sold 22,875 shares of Monolithic Power Systems stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the completion of the sale, the executive vice president owned 235,932 shares in the company, valued at $276,314,121.12. This trade represents a 8.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Victor K. Lee sold 400 shares of the company's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $1,212.16, for a total transaction of $484,864.00. Following the completion of the sale, the director directly owned 27,756 shares of the company's stock, valued at approximately $33,644,712.96. This trade represents a 1.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 97,580 shares of company stock valued at $113,337,222. Insiders own 3.40% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MPWR. Truist Financial raised their price target on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a "buy" rating in a report on Friday, February 6th. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Friday, February 6th. Needham & Company LLC increased their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a "buy" rating in a research note on Friday, February 6th. Stifel Nicolaus lifted their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a "buy" rating in a report on Wednesday, February 4th. Finally, Rosenblatt Securities boosted their price target on Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a "neutral" rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,218.42.

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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