Mitsubishi UFJ Asset Management Co. Ltd. Makes New Investment in Monolithic Power Systems, Inc. $MPWR

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 132,064 shares of the semiconductor company's stock, valued at approximately $182,560,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.27% of Monolithic Power Systems as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IFP Advisors Inc grew its stake in Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 24 shares during the period. Covestor Ltd raised its position in shares of Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 9 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of Monolithic Power Systems by 233.3% during the 1st quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company's stock valued at $44,000 after purchasing an additional 28 shares in the last quarter. Greenline Wealth Management LLC bought a new position in shares of Monolithic Power Systems during the 4th quarter valued at about $38,000. Finally, Essential Partners LLC lifted its holdings in shares of Monolithic Power Systems by 30.3% during the 1st quarter. Essential Partners LLC now owns 43 shares of the semiconductor company's stock valued at $47,000 after purchasing an additional 10 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MPWR shares. Zacks Research raised shares of Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 18th. Wall Street Zen raised shares of Monolithic Power Systems from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $1,575.00 target price on shares of Monolithic Power Systems in a research note on Friday, July 31st. TD Cowen increased their target price on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a "buy" rating in a report on Friday, May 1st. Finally, Needham & Company LLC lifted their price target on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a "buy" rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,705.82.

Monolithic Power Systems Trading Up 1.0%

Shares of NASDAQ MPWR opened at $1,415.99 on Tuesday. The company has a market capitalization of $69.59 billion, a P/E ratio of 86.82 and a beta of 1.69. Monolithic Power Systems, Inc. has a 12 month low of $800.97 and a 12 month high of $1,714.09. The stock has a 50 day moving average of $1,391.62 and a 200-day moving average of $1,342.90.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, beating analysts' consensus estimates of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The business had revenue of $980.64 million for the quarter, compared to analysts' expectations of $903.30 million. During the same quarter in the prior year, the business earned $4.21 EPS. The firm's revenue for the quarter was up 47.6% on a year-over-year basis. 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 disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems's dividend payout ratio is presently 49.05%.

Insider Activity at Monolithic Power Systems

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

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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