Varma Mutual Pension Insurance Co Takes Position in Monolithic Power Systems, Inc. $MPWR

Varma Mutual Pension Insurance Co bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,200 shares of the semiconductor company's stock, valued at approximately $12,718,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. IFP Advisors Inc raised its position in shares of Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock valued at $35,000 after buying an additional 24 shares in the last quarter. Covestor Ltd grew its position in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock worth $36,000 after buying an additional 9 shares in the last quarter. Danske Bank A S acquired a new stake in Monolithic Power Systems during the second quarter worth approximately $36,000. Greenline Wealth Management LLC bought a new position in Monolithic Power Systems during the 4th quarter worth $38,000. Finally, Sunbelt Securities Inc. increased its stake in Monolithic Power Systems by 233.3% during the 1st quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company's stock worth $44,000 after acquiring an additional 28 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $1,316.28 on Monday. The firm's 50 day moving average is $1,373.38 and its 200 day moving average is $1,347.25. The firm has a market capitalization of $64.69 billion, a PE ratio of 80.70 and a beta of 1.69. Monolithic Power Systems, Inc. has a 1 year low of $800.97 and a 1 year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating 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 business had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. During the same quarter in the prior year, the firm earned $4.21 EPS. The firm's revenue was up 47.6% compared to the same quarter last year. As a group, research analysts anticipate 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. Investors of record on Tuesday, June 30th were given a dividend of $2.00 per share. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. Monolithic Power Systems's payout ratio is currently 49.05%.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, Director Jeff Zhou sold 486 shares of the company's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total value of $816,480.00. Following the completion of the transaction, the director owned 3,800 shares of the company's stock, valued at $6,384,000. This represents a 11.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kuo Wei Herbert Chang sold 50 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $1,420.00, for a total value of $71,000.00. Following the completion of the transaction, the director owned 565 shares of the company's stock, valued at $802,300. This represents a 8.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 8,191 shares of company stock worth $13,874,865. 3.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on MPWR shares. Rosenblatt Securities restated a "neutral" rating and issued a $1,575.00 price target on shares of Monolithic Power Systems in a research report on Friday, July 31st. Citigroup reaffirmed a "buy" rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Weiss Ratings upgraded Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 17th. KeyCorp boosted their price target on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Finally, Zacks Research upgraded Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 18th. One research 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,731.42.

Monolithic Power Systems Profile

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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