9,200 Shares in Monolithic Power Systems, Inc. $MPWR Bought by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co acquired a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, Holdings Channel reports. The firm acquired 9,200 shares of the semiconductor company’s stock, valued at approximately $12,718,000.

Other large investors have also bought and sold shares of the company. Danske Bank A S acquired a new position in shares of Monolithic Power Systems in the 2nd quarter worth approximately $36,000. IFP Advisors Inc increased its position in shares of Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares during the period. Covestor Ltd increased its position in shares of 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 during the period. Sunbelt Securities Inc. raised its stake in Monolithic Power Systems by 233.3% during the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock worth $44,000 after buying an additional 28 shares during the last quarter. Finally, Greenline Wealth Management LLC bought a new position in Monolithic Power Systems during the fourth quarter worth $38,000. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $1,316.28 on Monday. The company 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 12-month low of $800.97 and a 12-month high of $1,714.09. The firm’s fifty day moving average is $1,373.38 and its 200 day moving average is $1,347.25.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share 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 firm had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. During the same period in the previous year, the firm posted $4.21 earnings per share. The business’s revenue was up 47.6% compared to the same quarter last year. Sell-side analysts expect that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

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

Insider Transactions at Monolithic Power Systems

In other news, EVP Saria Tseng sold 7,565 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the sale, the executive vice president owned 144,218 shares in the company, valued at $245,170,600. The trade was a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 50 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total value of $71,000.00. Following the transaction, the director directly owned 565 shares in the company, valued at $802,300. The trade was a 8.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,191 shares of company stock valued at $13,874,865 in the last 90 days. Corporate insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MPWR shares. Weiss Ratings upgraded shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th. Truist Financial increased their price target on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Rosenblatt Securities reissued a “neutral” rating and issued a $1,575.00 price objective on shares of Monolithic Power Systems in a research report on Friday, July 31st. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, Raymond James Financial restated an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,731.42.

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.