Generate Investment Management Ltd Makes New $9.36 Million Investment in Monolithic Power Systems, Inc. $MPWR

Generate Investment Management Ltd purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 10,331 shares of the semiconductor company’s stock, valued at approximately $9,364,000.

Several other large investors have also recently modified their holdings of MPWR. Vanguard Group Inc. grew its stake in shares of Monolithic Power Systems by 2.3% in the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after purchasing an additional 134,087 shares during the last quarter. State Street Corp raised its position in Monolithic Power Systems by 0.7% during the 3rd quarter. State Street Corp now owns 2,134,704 shares of the semiconductor company’s stock worth $1,968,578,000 after purchasing an additional 14,670 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings 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 buying an additional 6,503 shares during the period. Bank of America Corp DE lifted its holdings in Monolithic Power Systems by 18.0% during the 2nd quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock worth $506,661,000 after buying an additional 105,721 shares during the period. Finally, Norges Bank bought a new stake in shares of Monolithic Power Systems in the 2nd quarter valued at about $438,014,000. Institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

MPWR has been the subject of several recent research reports. KeyCorp increased their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Weiss Ratings cut Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Rosenblatt Securities increased their target price on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Oppenheimer restated an “outperform” rating and set a $1,300.00 price target on shares of Monolithic Power Systems in a report on Thursday, January 29th. Finally, Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. One research 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,218.42.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $1,053.01 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $1,256.22. The business’s 50-day moving average is $1,120.02 and its 200-day moving average is $1,008.76. The company has a market capitalization of $51.72 billion, a price-to-earnings ratio of 82.65, a P/E/G ratio of 2.68 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, topping the consensus estimate of $4.74 by $0.05. The business had revenue of $751.16 million during 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%.The firm’s revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the firm posted $4.09 earnings per share. Analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed 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 positive change 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 0.8%. Monolithic Power Systems’s payout ratio is 48.98%.

Insider Buying and Selling

In related news, Director Victor K. Lee sold 400 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $1,212.16, for a total transaction of $484,864.00. Following the transaction, the director directly owned 27,756 shares of the company’s stock, valued at $33,644,712.96. This represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 21,725 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $25,443,451.00. Following the completion of the sale, the chief financial officer owned 82,353 shares of the company’s stock, valued at $96,448,539.48. The trade was a 20.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 97,580 shares of company stock worth $113,337,222 over the last ninety days. 3.40% of the stock is owned by company insiders.

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.