Mirae Asset Global Investments Co. Ltd. Has $53.72 Million Stake in Monolithic Power Systems, Inc. $MPWR

Mirae Asset Global Investments Co. Ltd. decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 25.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,354 shares of the semiconductor company’s stock after selling 19,409 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.12% of Monolithic Power Systems worth $53,723,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SJS Investment Consulting Inc. boosted its stake in shares of Monolithic Power Systems by 2,700.0% during the third quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 27 shares during the period. True Wealth Design LLC lifted its holdings in Monolithic Power Systems by 61.1% in the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after buying an additional 11 shares during the period. Salomon & Ludwin LLC purchased a new position in shares of Monolithic Power Systems during the third quarter valued at approximately $33,000. Armstrong Advisory Group Inc. raised its holdings in shares of Monolithic Power Systems by 192.9% during the third quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 27 shares in the last quarter. Finally, NewSquare Capital LLC boosted its holdings in Monolithic Power Systems by 76.0% in the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other news, Director Victor K. Lee sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $951.72, for a total value of $951,720.00. Following the transaction, the director directly owned 28,567 shares of the company’s stock, valued at approximately $27,187,785.24. This trade represents a 3.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Theodore Blegen sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $1,024.43, for a total value of $3,073,290.00. Following the completion of the sale, the chief financial officer owned 74,332 shares of the company’s stock, valued at $76,147,930.76. This trade represents a 3.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 69,976 shares of company stock worth $63,370,417. Company insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Up 6.1%

Shares of Monolithic Power Systems stock opened at $1,161.78 on Thursday. The company has a 50 day moving average price of $967.24 and a 200 day moving average price of $912.31. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,171.57. The firm has a market capitalization of $55.66 billion, a P/E ratio of 29.67, a PEG ratio of 3.08 and a beta of 1.45.

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

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a dividend of $1.56 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.5%. Monolithic Power Systems’s payout ratio is currently 15.93%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MPWR shares. Wells Fargo & Company upped their price target on Monolithic Power Systems from $1,125.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Monday. KeyCorp lifted their price target on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Rosenblatt Securities boosted their price objective on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Citigroup raised their target price on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Monolithic Power Systems in a research note on Friday, December 26th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Buy” and an average target price of $1,093.75.

Monolithic Power Systems Company 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.