Czech National Bank Grows Stake in Monolithic Power Systems, Inc. $MPWR

Czech National Bank increased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.4% in the 2nd quarter, Holdings Channel reports. The firm owned 13,984 shares of the semiconductor company’s stock after purchasing an additional 718 shares during the period. Czech National Bank’s holdings in Monolithic Power Systems were worth $19,331,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. PensionDanmark Pensionsforsikringsaktieselskab boosted its holdings in Monolithic Power Systems by 10.8% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 8,820 shares of the semiconductor company’s stock worth $12,192,000 after buying an additional 860 shares during the last quarter. 55 North Private Wealth LLC purchased a new stake in Monolithic Power Systems during the 2nd quarter worth approximately $238,000. Foster Group Inc. acquired a new position in shares of Monolithic Power Systems during the second quarter valued at approximately $232,000. Dynamic Advisor Solutions LLC acquired a new position in shares of Monolithic Power Systems during the second quarter valued at approximately $241,000. Finally, GAMMA Investing LLC lifted its position in shares of Monolithic Power Systems by 4.4% in the second quarter. GAMMA Investing LLC now owns 2,107 shares of the semiconductor company’s stock valued at $2,913,000 after acquiring an additional 88 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of research analyst reports. Truist Financial lifted their price target on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. TD Cowen increased their price objective on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Weiss Ratings lowered Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. KeyCorp lifted their target price on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Wall Street Zen raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,705.82.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $1,401.54 on Friday. The stock’s 50 day simple moving average is $1,414.84 and its 200-day simple moving average is $1,326.92. The stock has a market cap of $68.86 billion, a P/E ratio of 85.93 and a beta of 1.69. Monolithic Power Systems, Inc. has a 1-year low of $794.50 and a 1-year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results 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 return on equity of 22.31% and a net margin of 24.41%.The firm had revenue of $980.64 million during the quarter, compared to analysts’ expectations of $903.30 million. During the same quarter last year, the firm earned $4.21 earnings per share. The business’s revenue for the quarter was up 47.6% on a year-over-year basis. As a group, research analysts expect that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is 49.05%.

Insider Transactions at Monolithic Power Systems

In related news, EVP Saria Tseng sold 7,565 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the completion of the sale, the executive vice president owned 144,218 shares of the company’s stock, valued at approximately $245,170,600. This represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Maurice Sciammas sold 12,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $1,561.40, for a total transaction of $18,736,800.00. Following the completion of the transaction, the executive vice president owned 166,644 shares in the company, valued at $260,197,941.60. The trade was a 6.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 25,141 shares of company stock worth $40,472,815 in the last quarter. Company insiders own 3.60% of the company’s stock.

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.