Forsta AP Fonden Boosts Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Key Points

• Forsta AP Fonden significantly increased its stake in Monolithic Power Systems, raising its holdings by 95.2% to a total of 20,300 shares valued at approximately $11.77 million.
• The company reported a quarterly earnings per share (EPS) of $4.21, surpassing analyst expectations and witnessing a 31% increase in revenue year over year.
• Monolithic Power Systems also declared a quarterly dividend of $1.56 per share, resulting in an annualized dividend yield of 0.8%.

Forsta AP Fonden grew its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 95.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,300 shares of the semiconductor company's stock after purchasing an additional 9,900 shares during the quarter. Forsta AP Fonden's holdings in Monolithic Power Systems were worth $11,774,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Fourth Dimension Wealth LLC bought a new stake in Monolithic Power Systems in the 4th quarter valued at $29,000. Itau Unibanco Holding S.A. raised its holdings in Monolithic Power Systems by 637.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 51 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in Monolithic Power Systems by 146.4% in the 1st quarter. Meeder Asset Management Inc. now owns 69 shares of the semiconductor company's stock valued at $40,000 after acquiring an additional 41 shares in the last quarter. Global Financial Private Client LLC raised its holdings in Monolithic Power Systems by 265.0% in the 1st quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock valued at $42,000 after acquiring an additional 53 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in Monolithic Power Systems in the 1st quarter valued at $54,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Activity

In other news, CFO Theodore Blegen sold 6,000 shares of Monolithic Power Systems 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. The trade was a 11.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 39,999 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $780.00, for a total value of $31,199,220.00. Following the transaction, the executive vice president owned 121,605 shares in the company, valued at approximately $94,851,900. This represents a 24.75% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,999 shares of company stock worth $37,949,220. Company insiders own 3.40% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on MPWR. Stifel Nicolaus lifted their price objective on Monolithic Power Systems from $880.00 to $930.00 and gave the company a "buy" rating in a report on Friday, August 1st. Needham & Company LLC boosted their price target on Monolithic Power Systems from $800.00 to $820.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Rosenblatt Securities reissued a "neutral" rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, August 1st. Wells Fargo & Company boosted their price target on Monolithic Power Systems from $730.00 to $750.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $875.00 price target (up previously from $720.00) on shares of Monolithic Power Systems in a research report on Friday, August 1st. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $838.09.

Monolithic Power Systems Stock Up 1.9%

Shares of MPWR traded up $16.03 during trading hours on Wednesday, hitting $856.59. The company had a trading volume of 212,233 shares, compared to its average volume of 812,458. The firm has a market cap of $41.02 billion, a P/E ratio of 22.29, a P/E/G ratio of 2.97 and a beta of 1.18. The stock's 50 day moving average price is $734.63 and its 200 day moving average price is $658.40. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $4.21 EPS for the quarter, topping the consensus estimate of $4.12 by $0.09. The firm had revenue of $664.57 million for the quarter, compared to the consensus estimate of $648.74 million. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%. The company's quarterly revenue was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.17 earnings per share. On average, research analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS 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. Stockholders of record on Monday, June 30th were issued a $1.56 dividend. The ex-dividend date was Monday, June 30th. This represents a $6.24 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems's payout ratio is currently 16.25%.

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.