TD Asset Management Inc Has $23.07 Million Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

TD Asset Management Inc boosted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 11.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,781 shares of the semiconductor company's stock after acquiring an additional 4,058 shares during the quarter. TD Asset Management Inc owned about 0.08% of Monolithic Power Systems worth $23,072,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MPWR. Fourth Dimension Wealth LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $29,000. Itau Unibanco Holding S.A. raised its position in shares of Monolithic Power Systems by 637.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 51 shares in the last quarter. Global Financial Private Client LLC raised its position in shares of Monolithic Power Systems by 265.0% in the 1st quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 53 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Monolithic Power Systems during the 4th quarter valued at approximately $47,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Monolithic Power Systems during the 1st quarter valued at approximately $54,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Activity at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 6,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total value of $4,500,000.00. Following the completion of the transaction, the chief financial officer owned 46,939 shares in the company, valued at $35,204,250. This trade represents a 11.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $701.00, for a total value of $8,412,000.00. Following the completion of the sale, the executive vice president directly owned 4,015 shares of the company's stock, valued at approximately $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,200 shares of company stock worth $13,046,800 in the last quarter. 3.40% of the stock is owned by company insiders.

Monolithic Power Systems Price Performance

Shares of MPWR traded up $74.38 during trading hours on Friday, reaching $785.62. 1,524,050 shares of the company's stock traded hands, compared to its average volume of 820,987. The business's fifty day simple moving average is $712.10 and its two-hundred day simple moving average is $648.04. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64. The firm has a market capitalization of $37.62 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 2.90 and a beta of 1.20.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.09. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The business had revenue of $664.57 million during the quarter, compared to analysts' expectations of $648.74 million. During the same quarter last year, the business posted $3.17 earnings per share. The company's quarterly revenue was up 31.0% on a year-over-year basis. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $1.56 dividend. The ex-dividend date was Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.8%. Monolithic Power Systems's dividend payout ratio (DPR) is 16.56%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MPWR. Citigroup upped their price target on Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Stifel Nicolaus upped their price target on Monolithic Power Systems from $880.00 to $930.00 and gave the company a "buy" rating in a research report on Friday. Needham & Company LLC upped their price target on Monolithic Power Systems from $800.00 to $820.00 and gave the company a "buy" rating in a research report on Friday. TD Cowen upped their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Rosenblatt Securities reissued a "neutral" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $839.92.

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.