Prudential PLC Has $937,000 Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Key Points

• Prudential PLC increased its holdings in Monolithic Power Systems, Inc. by 90.4% in the first quarter, bringing the total value of its investment to $937,000.
• Recent insider sales include EVP Deming Xiao selling 39,999 shares for over $31 million, indicating a significant reduction in personal stake amidst strong performance by the company.
• Analysts have raised price targets for Monolithic Power Systems, with a consensus average target price of $838.09 and an overall rating of "Moderate Buy."

Prudential PLC boosted its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 90.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,615 shares of the semiconductor company's stock after buying an additional 767 shares during the quarter. Prudential PLC's holdings in Monolithic Power Systems were worth $937,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Fourth Dimension Wealth LLC acquired a new stake in Monolithic Power Systems in the fourth quarter valued at about $29,000. SouthState Corp acquired a new stake in shares of Monolithic Power Systems during the 1st quarter valued at $33,000. Itau Unibanco Holding S.A. boosted its holdings in shares of Monolithic Power Systems by 637.5% during 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. boosted its holdings in shares of Monolithic Power Systems by 146.4% during 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. Finally, Global Financial Private Client LLC boosted its holdings in shares of Monolithic Power Systems by 265.0% during 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. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Monolithic Power Systems

In related news, EVP Deming Xiao sold 39,999 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $780.00, for a total value of $31,199,220.00. Following the completion of the sale, the executive vice president directly owned 121,605 shares of the company's stock, valued at $94,851,900. The trade was a 24.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeff Zhou sold 400 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $850.00, for a total value of $340,000.00. Following the completion of the sale, the director directly owned 5,804 shares of the company's stock, valued at $4,933,400. The trade was a 6.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,599 shares of company stock valued at $38,455,220. Corporate insiders own 3.40% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MPWR shares. Oppenheimer reissued an "outperform" rating and set a $800.00 price objective (up previously from $700.00) on shares of Monolithic Power Systems in a report on Tuesday, July 15th. Citigroup reissued a "buy" rating and set a $825.00 price objective (up previously from $785.00) on shares of Monolithic Power Systems in a report on Monday, August 4th. Raymond James Financial reissued an "outperform" rating and set a $875.00 price objective (up previously from $720.00) on shares of Monolithic Power Systems in a report on Friday, August 1st. Stifel Nicolaus raised 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. Finally, Wells Fargo & Company lifted their target price 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. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems currently has an average rating of "Moderate Buy" and an average target price of $838.09.

Monolithic Power Systems Trading Down 2.6%

MPWR stock opened at $826.47 on Friday. The stock has a 50-day moving average price of $744.11 and a 200-day moving average price of $662.95. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The firm has a market cap of $39.58 billion, a PE 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 posted its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $648.74 million. During the same period last year, the company posted $3.17 EPS. The business's quarterly revenue was up 31.0% on a year-over-year basis. On average, analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $1.56 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $6.24 annualized dividend and a dividend yield of 0.8%. Monolithic Power Systems's dividend payout ratio (DPR) is 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.

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