Park National Corp OH Increases Position in Monolithic Power Systems, Inc. $MPWR

Key Points

• Park National Corp OH raised its stake in Monolithic Power Systems by 4.4% to 41,606 shares (about $37.7M); the stock is heavily institutionally held (93.46%), but insiders have sold 98,550 shares worth roughly $114.3M in the past 90 days, including EVP Saria Tseng's $26.8M sale.
• Analysts remain largely positive—12 Buy, 2 Hold and 1 Strong Buy—with an average price target of $1,218.42 and several firms recently lifting their targets.
• Monolithic Power reported an EPS beat ($4.79 vs. $4.74) with revenue up 20.8% year‑over‑year, and the company raised its quarterly dividend to $2.00 (annualized $8.00, yield ~0.7%).

Park National Corp OH raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,606 shares of the semiconductor company's stock after acquiring an additional 1,763 shares during the period. Monolithic Power Systems makes up approximately 1.2% of Park National Corp OH's investment portfolio, making the stock its 25th largest position. Park National Corp OH owned about 0.09% of Monolithic Power Systems worth $37,710,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Penserra Capital Management LLC raised its position in Monolithic Power Systems by 88.9% in the third quarter. Penserra Capital Management LLC now owns 2,191 shares of the semiconductor company's stock valued at $2,016,000 after purchasing an additional 1,031 shares during the period. AE Wealth Management LLC purchased a new position in shares of Monolithic Power Systems during the 3rd quarter worth $1,121,000. Candriam S.C.A. grew its holdings in shares of Monolithic Power Systems by 6.9% during the 3rd quarter. Candriam S.C.A. now owns 85,907 shares of the semiconductor company's stock worth $79,089,000 after purchasing an additional 5,561 shares during the period. Vanguard Group Inc. increased its position in shares of Monolithic Power Systems by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company's stock worth $5,591,998,000 after purchasing an additional 134,087 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Monolithic Power Systems by 66.4% during the 3rd quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company's stock worth $412,263,000 after purchasing an additional 178,622 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Saria Tseng sold 22,875 shares of the firm's stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the completion of the transaction, the executive vice president owned 200,626 shares of the company's stock, valued at $234,965,146.16. This trade represents a 10.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Maurice Sciammas sold 200 shares of the business's stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $1,179.97, for a total transaction of $235,994.00. Following the completion of the transaction, the executive vice president owned 1,299 shares of the company's stock, valued at approximately $1,532,781.03. This trade represents a 13.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 98,550 shares of company stock worth $114,256,090 over the last 90 days. 3.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on MPWR. Zacks Research raised shares of Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 10th. Truist Financial lifted their price target on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a "buy" rating in a research report on Friday, February 6th. Citigroup boosted their price target on shares of Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a research note on Monday, February 9th. Weiss Ratings lowered shares of Monolithic Power Systems from a "buy (b-)" rating to a "hold (c)" rating in a report on Monday, March 2nd. Finally, Needham & Company LLC increased their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. One 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, Monolithic Power Systems has an average rating of "Moderate Buy" and an average price target of $1,218.42.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $1,092.69 on Friday. The stock has a market capitalization of $53.67 billion, a price-to-earnings ratio of 85.77, a price-to-earnings-growth ratio of 2.72 and a beta of 1.45. The business has a 50-day moving average of $1,109.20 and a 200 day moving average of $998.96. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $1,256.22.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.74 by $0.05. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The company had revenue of $751.16 million for the quarter, compared to analyst estimates of $741.69 million. During the same period in the prior year, the firm earned $4.09 earnings per share. The business's revenue for the quarter was up 20.8% compared to the same quarter last year. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, March 31st. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.56. Monolithic Power Systems's payout ratio is currently 48.98%.

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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