Handelsbanken Fonder AB Raises Stock Position in Monolithic Power Systems, Inc. $MPWR

Handelsbanken Fonder AB lifted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 22.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,773 shares of the semiconductor company’s stock after purchasing an additional 6,810 shares during the period. Handelsbanken Fonder AB’s holdings in Monolithic Power Systems were worth $33,855,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Monolithic Power Systems by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after purchasing an additional 134,087 shares during the period. JPMorgan Chase & Co. grew its position in shares of Monolithic Power Systems by 0.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock worth $794,723,000 after buying an additional 6,503 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Monolithic Power Systems by 18.0% during the second quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock valued at $506,661,000 after buying an additional 105,721 shares during the period. Norges Bank bought a new stake in shares of Monolithic Power Systems in the second quarter valued at about $438,014,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Monolithic Power Systems by 14.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 556,587 shares of the semiconductor company’s stock valued at $512,416,000 after acquiring an additional 71,199 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on MPWR shares. Truist Financial increased their target price on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Stifel Nicolaus upped their price target on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. TD Cowen reissued a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. Finally, KeyCorp increased their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $1,218.42.

Monolithic Power Systems Stock Down 3.2%

NASDAQ:MPWR opened at $1,142.74 on Friday. The stock has a market capitalization of $54.75 billion, a price-to-earnings ratio of 89.70, a PEG ratio of 2.99 and a beta of 1.45. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,256.22. The firm has a 50 day moving average of $1,073.56 and a 200 day moving average of $976.79.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.05. Monolithic Power Systems had a return on equity of 18.09% and a net margin of 22.07%.The business had revenue of $751.16 million for the quarter, compared to the consensus estimate of $741.69 million. During the same period in the prior year, the firm posted $4.09 earnings per share. The business’s quarterly revenue was up 20.8% on a year-over-year basis. As a group, analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date is Tuesday, March 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is 48.98%.

Insider Buying and Selling

In related news, Director Victor K. Lee sold 400 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $1,212.16, for a total value of $484,864.00. Following the completion of the sale, the director directly owned 27,756 shares in the company, valued at $33,644,712.96. This trade represents a 1.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Theodore Blegen sold 21,725 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $25,443,451.00. Following the sale, the chief financial officer directly owned 82,353 shares in the company, valued at approximately $96,448,539.48. This represents a 20.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 101,550 shares of company stock valued at $116,980,720 in the last 90 days. 3.40% of the stock is owned by insiders.

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.