Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Holdings Increased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its holdings in Monolithic Power Systems by 7.5%, now owning approximately 2.61% of the company, valued at $724.59 million.
• Monolithic Power Systems reported a quarterly earnings per share (EPS) of $4.21, exceeding estimates by $0.09, and achieved a revenue of $664.57 million, a 31% increase year-over-year.
• The company declared a quarterly dividend of $1.56 per share, reflecting an annualized basis of $6.24 and a dividend yield of 0.8%.

Invesco Ltd. grew its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 7.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,249,335 shares of the semiconductor company's stock after purchasing an additional 86,853 shares during the period. Invesco Ltd. owned approximately 2.61% of Monolithic Power Systems worth $724,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Beverly Hills Private Wealth LLC increased its position in shares of Monolithic Power Systems by 3.2% during the first quarter. Beverly Hills Private Wealth LLC now owns 638 shares of the semiconductor company's stock worth $370,000 after acquiring an additional 20 shares during the period. Cromwell Holdings LLC increased its holdings in Monolithic Power Systems by 18.7% in the first quarter. Cromwell Holdings LLC now owns 127 shares of the semiconductor company's stock valued at $74,000 after buying an additional 20 shares during the last quarter. Burney Co. increased its holdings in Monolithic Power Systems by 2.2% in the first quarter. Burney Co. now owns 946 shares of the semiconductor company's stock valued at $549,000 after buying an additional 20 shares during the last quarter. Kestra Private Wealth Services LLC increased its holdings in Monolithic Power Systems by 2.9% in the first quarter. Kestra Private Wealth Services LLC now owns 897 shares of the semiconductor company's stock valued at $520,000 after buying an additional 25 shares during the last quarter. Finally, TrinityPoint Wealth LLC increased its holdings in Monolithic Power Systems by 5.6% in the fourth quarter. TrinityPoint Wealth LLC now owns 513 shares of the semiconductor company's stock valued at $303,000 after buying an additional 27 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Loop Capital raised their price objective on Monolithic Power Systems from $760.00 to $800.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Stifel Nicolaus raised their price objective on Monolithic Power Systems from $880.00 to $930.00 and gave the stock a "buy" rating in a report on Friday, August 1st. KeyCorp raised their price objective on Monolithic Power Systems from $940.00 to $950.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Wells Fargo & Company increased their price objective on 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. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $800.00 price objective (up from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $838.09.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 39,999 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $780.00, for a total transaction of $31,199,220.00. Following the transaction, the executive vice president owned 121,605 shares in the company, valued at $94,851,900. The trade was a 24.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Theodore Blegen sold 6,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total value of $4,500,000.00. Following the transaction, the chief financial officer owned 46,939 shares in the company, valued at approximately $35,204,250. This represents a 11.33% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,999 shares of company stock worth $37,949,220. 3.40% of the stock is currently owned by insiders.

Monolithic Power Systems Stock Up 5.4%

Shares of MPWR stock traded up $43.05 during mid-day trading on Tuesday, hitting $840.56. 713,712 shares of the company's stock were exchanged, compared to its average volume of 654,728. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The stock has a 50-day simple moving average of $734.63 and a two-hundred day simple moving average of $658.40. The stock has a market cap of $40.25 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 2.97 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its 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. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%. The firm had revenue of $664.57 million for the quarter, compared to analysts' expectations of $648.74 million. During the same quarter last year, the firm earned $3.17 earnings per share. The firm's revenue for the quarter was up 31.0% compared to the same quarter last year. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, June 30th. Monolithic Power Systems's payout ratio is currently 16.25%.

Monolithic Power Systems Company Profile

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.