Monolithic Power Systems, Inc. $MPWR Shares Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. grew its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 154.3% in the 1st quarter, Holdings Channel reports. The fund owned 15,146 shares of the semiconductor company’s stock after acquiring an additional 9,190 shares during the period. iA Global Asset Management Inc.’s holdings in Monolithic Power Systems were worth $16,560,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MPWR. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Monolithic Power Systems in the fourth quarter worth about $34,000. IFP Advisors Inc grew its stake in Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares in the last quarter. Covestor Ltd increased its holdings in Monolithic Power Systems by 29.0% during the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 9 shares during the last quarter. Greenline Wealth Management LLC purchased a new stake in Monolithic Power Systems during the 4th quarter worth approximately $38,000. Finally, Torren Management LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $49,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Eugen J. Elmiger sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total value of $19,019,520.00. Following the sale, the director owned 5,402 shares of the company’s stock, valued at approximately $8,561,953.92. This trade represents a 68.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the transaction, the executive vice president owned 166,644 shares of the company’s stock, valued at $260,197,941.60. This represents a 6.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 85,939 shares of company stock valued at $133,279,108 over the last 90 days. 3.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on MPWR. Stifel Nicolaus increased their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 1st. Weiss Ratings upgraded shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Finally, Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,599.17.

Monolithic Power Systems Price Performance

MPWR stock opened at $1,384.85 on Wednesday. The firm has a market cap of $68.04 billion, a price-to-earnings ratio of 99.85, a PEG ratio of 2.35 and a beta of 1.69. Monolithic Power Systems, Inc. has a 1-year low of $686.87 and a 1-year high of $1,714.09. The firm has a fifty day moving average price of $1,550.31 and a two-hundred day moving average price of $1,253.99.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business had revenue of $804.19 million during the quarter, compared to analyst estimates of $781.93 million. During the same period in the previous year, the business posted $4.04 EPS. The company’s quarterly revenue was up 26.1% on a year-over-year basis. As a group, analysts expect that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, June 30th. Monolithic Power Systems’s payout ratio is presently 57.68%.

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.