Jefferies Financial Group Inc. Makes New Investment in Monolithic Power Systems, Inc. $MPWR

Jefferies Financial Group Inc. bought a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the third quarter, Holdings Channel.com reports. The firm bought 2,246 shares of the semiconductor company’s stock, valued at approximately $2,068,000.

Several other large investors have also modified their holdings of the business. Penserra Capital Management LLC lifted its stake in Monolithic Power Systems by 88.9% during the third quarter. Penserra Capital Management LLC now owns 2,191 shares of the semiconductor company’s stock worth $2,016,000 after purchasing an additional 1,031 shares in the last quarter. AE Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems in the third quarter valued at $1,121,000. Candriam S.C.A. raised its holdings in shares of Monolithic Power Systems by 6.9% in the 3rd quarter. Candriam S.C.A. now owns 85,907 shares of the semiconductor company’s stock valued at $79,089,000 after buying an additional 5,561 shares during the period. Vanguard Group Inc. raised its holdings in shares of Monolithic Power Systems by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after buying an additional 134,087 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in 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 acquiring an additional 6,503 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 1.4%

Shares of MPWR stock opened at $1,071.09 on Thursday. The company has a market cap of $52.61 billion, a P/E ratio of 84.07, a PEG ratio of 2.67 and a beta of 1.45. The firm has a fifty day moving average price of $1,095.66 and a 200 day moving average price of $990.91. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $1,256.22.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.05. The company had revenue of $751.16 million for the quarter, compared to analysts’ expectations of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.Monolithic Power Systems’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period last year, the firm earned $4.09 earnings per share. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $2.00 per share. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is 48.98%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Needham & Company LLC raised their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a report on Friday, February 6th. Truist Financial boosted their price target on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Wells Fargo & Company increased their price target on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Citigroup raised their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Finally, William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,218.42.

Insider Activity

In related news, CFO Theodore Blegen sold 21,725 shares of the company’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 value of $25,443,451.00. Following the completion of the transaction, the chief financial officer directly owned 82,353 shares of the company’s stock, valued at $96,448,539.48. This represents a 20.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Deming Xiao sold 22,875 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the completion of the transaction, the executive vice president owned 235,932 shares in the company, valued at $276,314,121.12. This represents a 8.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 98,550 shares of company stock valued at $114,256,090 over the last 90 days. Insiders own 3.40% 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.