JPMorgan Chase & Co. Grows Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Key Points

• JPMorgan Chase & Co. increased its stake in Monolithic Power Systems by 26.5%, owning approximately 1.31% of the company with a value of $365 million.
• Several equities analysts have raised their price targets for Monolithic Power Systems, with the average target now at $838.09 and a consensus rating of "Moderate Buy".
• Monolithic Power Systems reported earnings of $4.21 per share, exceeding estimates, and achieved a revenue of $664.57 million, indicating a 31.0% year-over-year increase.

JPMorgan Chase & Co. grew its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 26.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 629,566 shares of the semiconductor company's stock after acquiring an additional 132,078 shares during the quarter. JPMorgan Chase & Co. owned 1.31% of Monolithic Power Systems worth $365,136,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Fourth Dimension Wealth LLC acquired a new stake in shares of Monolithic Power Systems in the 4th quarter valued at approximately $29,000. Itau Unibanco Holding S.A. increased its position in shares of Monolithic Power Systems by 637.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 51 shares during the period. Meeder Asset Management Inc. boosted its stake in Monolithic Power Systems by 146.4% in the first quarter. Meeder Asset Management Inc. now owns 69 shares of the semiconductor company's stock valued at $40,000 after buying an additional 41 shares in the last quarter. Global Financial Private Client LLC boosted its stake in Monolithic Power Systems by 265.0% in the first quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock valued at $42,000 after buying an additional 53 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in Monolithic Power Systems in the first quarter valued at about $54,000. 93.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MPWR. Needham & Company LLC lifted their price target on Monolithic Power Systems from $800.00 to $820.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Wells Fargo & Company lifted their price target on Monolithic Power Systems from $730.00 to $750.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Oppenheimer reissued an "outperform" rating and set a $800.00 price target (up from $700.00) on shares of Monolithic Power Systems in a research note on Tuesday, July 15th. KeyCorp lifted their price objective on Monolithic Power Systems from $940.00 to $950.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $875.00 target price (up from $720.00) on shares of Monolithic Power Systems in a report on Friday, August 1st. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $838.09.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 3,000 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $750.00, for a total value of $2,250,000.00. Following the transaction, the chief financial officer directly owned 43,939 shares in the company, valued at $32,954,250. This represents a 6.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeff Zhou sold 400 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $850.00, for a total value of $340,000.00. Following the completion of the transaction, the director owned 5,804 shares in the company, valued at $4,933,400. This represents a 6.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,599 shares of company stock worth $38,455,220. 3.40% of the stock is owned by company insiders.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR traded down $22.34 during trading on Friday, reaching $826.47. 575,624 shares of the stock traded hands, compared to its average volume of 656,905. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64. The company has a 50-day moving average of $744.11 and a 200-day moving average of $662.95. The stock has a market capitalization of $39.58 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 3.16 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $4.21 EPS 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 in the prior year, the firm earned $3.17 EPS. The business's revenue for the quarter was up 31.0% compared to the same quarter last year. Analysts expect 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. Investors 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 0.8%. The ex-dividend date was Monday, June 30th. Monolithic Power Systems's payout ratio is presently 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.