Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stake Boosted by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management increased its stake in Monolithic Power Systems by 26.3% in the first quarter, acquiring an additional 20,625 shares, bringing its total ownership to 99,173 shares valued at approximately $57.5 million.
• Insider sales included EVP Deming Xiao selling 39,999 shares for over $31 million, decreasing his position by 24.75%, while CFO Theodore Blegen sold 6,000 shares worth $4.5 million.
• Monolithic Power Systems recently announced a quarterly dividend of $1.56, representing a 0.8% yield, with the company's dividend payout ratio being 16.25%.

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 26.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 99,173 shares of the semiconductor company's stock after buying an additional 20,625 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.21% of Monolithic Power Systems worth $57,518,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in MPWR. GAMMA Investing LLC raised its position in shares of Monolithic Power Systems by 76,432.3% in the 1st quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company's stock worth $451,418,000 after buying an additional 777,316 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Monolithic Power Systems by 16.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock worth $904,297,000 after buying an additional 214,395 shares during the period. Siemens Fonds Invest GmbH raised its position in shares of Monolithic Power Systems by 18,567.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 200,487 shares of the semiconductor company's stock worth $118,628,000 after buying an additional 199,413 shares during the period. Alyeska Investment Group L.P. acquired a new stake in Monolithic Power Systems in the 4th quarter valued at $113,547,000. Finally, Ensign Peak Advisors Inc increased its holdings in Monolithic Power Systems by 121.7% in the 4th quarter. Ensign Peak Advisors Inc now owns 337,078 shares of the semiconductor company's stock valued at $199,449,000 after purchasing an additional 185,002 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 3,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $750.00, for a total transaction of $2,250,000.00. Following the sale, the chief financial officer owned 43,939 shares of the company's stock, valued at $32,954,250. The trade was a 6.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deming Xiao sold 39,999 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $780.00, for a total value of $31,199,220.00. Following the sale, the executive vice president directly owned 121,605 shares in the company, valued at approximately $94,851,900. The trade was a 24.75% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,999 shares of company stock worth $37,949,220. 3.40% of the stock is owned by corporate insiders.

Monolithic Power Systems Stock Performance

Shares of MPWR traded down $6.78 during mid-day trading on Monday, reaching $797.51. 540,406 shares of the company's stock traded hands, compared to its average volume of 817,146. The business's 50-day moving average price is $731.53 and its 200-day moving average price is $657.12. The stock has a market capitalization of $38.19 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 3.00 and a beta of 1.18. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share for the quarter, beating analysts' consensus estimates of $4.12 by $0.09. The company had revenue of $664.57 million for the quarter, compared to analysts' expectations of $648.74 million. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%. The business's revenue for the quarter was up 31.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.17 earnings per share. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $1.56 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $6.24 annualized dividend and a yield of 0.8%. Monolithic Power Systems's payout ratio is presently 16.25%.

Analysts Set New Price Targets

MPWR has been the subject of several recent research reports. Rosenblatt Securities reiterated a "neutral" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, August 1st. Oppenheimer reissued an "outperform" rating and set a $800.00 price target (up previously from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. TD Cowen upped their price target on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a report on Friday, May 2nd. KeyCorp increased their price objective on shares of Monolithic Power Systems from $940.00 to $950.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company boosted their target price on shares of Monolithic Power Systems from $730.00 to $750.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and an average price target of $838.09.

About Monolithic Power Systems

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.