PensionDanmark Pensionsforsikringsaktieselskab Acquires 860 Shares of Monolithic Power Systems, Inc. $MPWR

Key Points

• PensionDanmark increased its Monolithic Power Systems stake by 10.8% in the second quarter, acquiring 860 shares for a total holding of 8,820 shares valued at approximately $12.2 million. Institutional investors collectively own 93.46% of MPWR.
• Monolithic Power Systems reported a strong quarter, with EPS of $6.50 beating estimates of $5.87 and revenue of $980.64 million exceeding forecasts of $903.30 million. Revenue rose 47.6% year over year, while analysts expect $23.35 in full-year EPS.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $1,705.82. However, insiders sold 25,141 shares worth $40.5 million over the past three months, and the stock trades at a high price-to-earnings ratio of 85.93.

PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 10.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,820 shares of the semiconductor company's stock after acquiring an additional 860 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Monolithic Power Systems were worth $12,192,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State Street Corp raised its holdings in shares of Monolithic Power Systems by 2.1% during the 4th quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company's stock valued at $1,979,610,000 after purchasing an additional 45,715 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Monolithic Power Systems by 3,719.6% in the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company's stock worth $1,855,476,000 after purchasing an additional 1,993,576 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Monolithic Power Systems by 7.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company's stock worth $1,533,013,000 after buying an additional 117,596 shares during the last quarter. Invesco Ltd. increased its position in Monolithic Power Systems by 25.9% during the fourth quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company's stock worth $1,300,345,000 after buying an additional 295,556 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Monolithic Power Systems by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 1,382,280 shares of the semiconductor company's stock worth $1,248,436,000 after buying an additional 44,583 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Insiders Place Their Bets

In other news, Director Jeff Zhou sold 486 shares of the firm's stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total value of $816,480.00. Following the sale, the director owned 3,800 shares in the company, valued at approximately $6,384,000. This trade represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Saria Tseng sold 7,565 shares of the business's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the transaction, the executive vice president directly owned 144,218 shares in the company, valued at $245,170,600. This trade represents a 4.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 25,141 shares of company stock valued at $40,472,815 in the last three months. Company insiders own 3.60% of the company's stock.

Monolithic Power Systems Price Performance

MPWR stock opened at $1,401.54 on Friday. The stock has a market capitalization of $68.86 billion, a price-to-earnings ratio of 85.93 and a beta of 1.69. The company has a 50-day moving average of $1,414.84 and a two-hundred day moving average of $1,326.92. Monolithic Power Systems, Inc. has a 52-week low of $794.50 and a 52-week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, topping analysts' consensus estimates of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The business had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. During the same period in the previous year, the company posted $4.21 earnings per share. The firm's revenue for the quarter was up 47.6% on a year-over-year basis. Equities analysts expect that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

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

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a "buy" rating in a research report on Thursday, April 16th. Rosenblatt Securities reissued a "neutral" rating and set a $1,575.00 price objective on shares of Monolithic Power Systems in a report on Friday, July 31st. Citigroup reissued a "buy" rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Wells Fargo & Company boosted their target price on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $1,800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $1,705.82.

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.

Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source