Nissay Asset Management Corp Japan Increases Position in Monolithic Power Systems, Inc. $MPWR

Key Points

• Nissay Asset Management Japan increased its Monolithic Power Systems stake by 21.8% in the second quarter to 31,383 shares valued at approximately $43.4 million. Institutional investors collectively own 93.46% of MPWR.
• Monolithic Power Systems reported quarterly EPS of $6.50, beating estimates of $5.87, while revenue rose 47.6% year over year to $980.64 million. The company also pays an annualized dividend of $8 per share, yielding about 0.6%.
• Analysts maintain a positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $1,731.42; several firms recently raised their targets to roughly $1,889–$2,013.

Nissay Asset Management Corp Japan boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 21.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,383 shares of the semiconductor company's stock after acquiring an additional 5,608 shares during the quarter. Nissay Asset Management Corp Japan owned 0.06% of Monolithic Power Systems worth $43,383,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MPWR. BlackRock Inc. purchased a new position in shares of Monolithic Power Systems in the 2nd quarter worth about $7,727,289,000. Corient Private Wealth LLC raised its holdings in shares of Monolithic Power Systems by 3,719.6% during the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company's stock valued at $1,855,476,000 after buying an additional 1,993,576 shares in the last quarter. Norges Bank purchased a new position in shares of Monolithic Power Systems during the 4th quarter valued at about $658,656,000. Bank of America Corp DE bought a new stake in Monolithic Power Systems in the 2nd quarter worth approximately $741,271,000. Finally, Legal & General Group Plc bought a new stake in Monolithic Power Systems in the 2nd quarter worth approximately $497,561,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $1,256.26 on Friday. Monolithic Power Systems, Inc. has a fifty-two week low of $800.97 and a fifty-two week high of $1,714.09. The stock has a 50 day moving average price of $1,348.06 and a two-hundred day moving average price of $1,350.23. The company has a market capitalization of $61.73 billion, a P/E ratio of 77.02 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The firm had revenue of $980.64 million for the quarter, compared to analysts' expectations of $903.30 million. During the same quarter last year, the business earned $4.21 earnings per share. The business's revenue was up 47.6% on a year-over-year basis. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems's dividend payout ratio is 49.05%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Needham & Company LLC increased their price target on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Truist Financial boosted their price objective on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Weiss Ratings raised shares of Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 17th. Arete Research set a $2,013.00 price objective on shares of Monolithic Power Systems and gave the company a "buy" rating in a research note on Thursday, August 20th. Finally, Zacks Research raised shares of Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,731.42.

Insider Activity

In other news, Director Kuo Wei Herbert Chang sold 50 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the sale, the director directly owned 515 shares in the company, valued at approximately $660,008.55. This trade represents a 8.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $1,503,868.86. This trade represents a 2.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 190 shares of company stock valued at $261,964. Insiders own 3.60% of the company's stock.

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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