Massachusetts Financial Services Co. MA Buys 71,199 Shares of Monolithic Power Systems, Inc. $MPWR

Massachusetts Financial Services Co. MA grew its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 14.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 556,587 shares of the semiconductor company’s stock after purchasing an additional 71,199 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Monolithic Power Systems were worth $512,416,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. BLB&B Advisors LLC raised its position in Monolithic Power Systems by 9.1% in the 2nd quarter. BLB&B Advisors LLC now owns 9,205 shares of the semiconductor company’s stock worth $6,732,000 after purchasing an additional 768 shares during the last quarter. AXA S.A. increased its stake in shares of Monolithic Power Systems by 47.8% in the 2nd quarter. AXA S.A. now owns 104,584 shares of the semiconductor company’s stock valued at $76,491,000 after buying an additional 33,834 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Monolithic Power Systems by 30.9% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 5,475 shares of the semiconductor company’s stock valued at $5,041,000 after buying an additional 1,293 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Monolithic Power Systems by 35.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,002 shares of the semiconductor company’s stock worth $6,585,000 after acquiring an additional 2,379 shares during the last quarter. Finally, Summit Place Financial Advisors LLC acquired a new position in shares of Monolithic Power Systems during the second quarter valued at $1,027,000. Institutional investors own 93.46% of the company’s stock.

Insider Activity

In other Monolithic Power Systems news, EVP Saria Tseng sold 20,000 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $926.47, for a total value of $18,529,400.00. Following the completion of the transaction, the executive vice president directly owned 187,331 shares of the company’s stock, valued at approximately $173,556,551.57. The trade was a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 27,966 shares of the stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $881.66, for a total value of $24,656,503.56. Following the completion of the sale, the executive vice president owned 148,306 shares of the company’s stock, valued at $130,755,467.96. This trade represents a 15.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 71,276 shares of company stock worth $64,784,323 over the last quarter. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Trading Up 2.3%

Monolithic Power Systems stock opened at $1,033.17 on Monday. The firm has a market capitalization of $49.50 billion, a P/E ratio of 26.38, a PEG ratio of 2.93 and a beta of 1.45. The business has a 50-day moving average of $942.52 and a 200-day moving average of $895.07. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.11. The business had revenue of $737.18 million for the quarter, compared to the consensus estimate of $720.66 million. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. Monolithic Power Systems’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period last year, the company posted $4.06 EPS. Research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a $1.56 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $6.24 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s payout ratio is 15.93%.

Analysts Set New Price Targets

A number of brokerages recently commented on MPWR. Cowen reiterated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, October 31st. Citigroup raised their target price on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Monolithic Power Systems in a research report on Friday, December 26th. Rosenblatt Securities boosted their price target on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Finally, KeyCorp increased their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average price target of $1,074.58.

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.