Meiji Yasuda Asset Management Co Ltd. Invests $6.41 Million in Monolithic Power Systems, Inc. $MPWR

Meiji Yasuda Asset Management Co Ltd. purchased a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,635 shares of the semiconductor company’s stock, valued at approximately $6,407,000.

Other institutional investors have also recently made changes to their positions in the company. Royal Fund Management LLC grew its stake in Monolithic Power Systems by 2.7% in the first quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company’s stock worth $289,000 after purchasing an additional 7 shares during the period. Covestor Ltd lifted its position in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 9 shares during the period. Bell Investment Advisors Inc boosted its holdings in shares of Monolithic Power Systems by 23.7% during the 1st quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 9 shares in the last quarter. Resonant Capital Advisors LLC boosted its holdings in shares of Monolithic Power Systems by 4.1% during the 4th quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock valued at $230,000 after buying an additional 10 shares in the last quarter. Finally, CENTRAL TRUST Co grew its position in shares of Monolithic Power Systems by 1.4% in the 1st quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company’s stock worth $766,000 after buying an additional 10 shares during the period. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $1,316.28 on Monday. The firm has a market cap of $64.69 billion, a P/E ratio of 80.70 and a beta of 1.69. Monolithic Power Systems, Inc. has a twelve month low of $800.97 and a twelve month high of $1,714.09. The company has a 50 day moving average of $1,373.38 and a 200 day moving average of $1,347.25.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, topping analysts’ consensus estimates of $5.87 by $0.63. The business had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The company’s quarterly revenue was up 47.6% compared to the same quarter last year. During the same quarter last year, the company earned $4.21 EPS. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

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

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the transaction, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Saria Tseng sold 7,565 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the sale, the executive vice president directly owned 144,218 shares in the company, valued at approximately $245,170,600. The trade was a 4.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 8,191 shares of company stock worth $13,874,865 in the last 90 days. Corporate insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MPWR. Wall Street Zen upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. Citigroup reaffirmed a “buy” rating 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 report on Monday, August 17th. Finally, Wells Fargo & Company boosted their price target on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.