Monolithic Power Systems, Inc. $MPWR Stock Position Lifted by NEOS Investment Management LLC

NEOS Investment Management LLC grew its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 13.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,133 shares of the semiconductor company’s stock after acquiring an additional 4,391 shares during the quarter. NEOS Investment Management LLC owned approximately 0.08% of Monolithic Power Systems worth $51,331,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fideuram Asset Management Ireland dac acquired a new stake in Monolithic Power Systems during the fourth quarter worth about $3,983,000. Mirabaud Asset Management Ltd bought a new position in Monolithic Power Systems in the fourth quarter worth about $4,424,000. Baker Avenue Asset Management LP boosted its stake in Monolithic Power Systems by 436.6% in the fourth quarter. Baker Avenue Asset Management LP now owns 3,182 shares of the semiconductor company’s stock valued at $2,884,000 after acquiring an additional 2,589 shares during the period. Norges Bank bought a new position in shares of Monolithic Power Systems during the fourth quarter valued at approximately $658,656,000. Finally, ProShare Advisors LLC grew its holdings in shares of Monolithic Power Systems by 291.9% during the fourth quarter. ProShare Advisors LLC now owns 99,461 shares of the semiconductor company’s stock valued at $90,147,000 after purchasing an additional 74,082 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the completion of the sale, the executive vice president owned 1,119 shares in the company, valued at $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the transaction, the director directly owned 515 shares of the company’s stock, valued at $660,008.55. This represents a 8.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 160 shares of company stock worth $215,945. 3.60% of the stock is owned by insiders.

Monolithic Power Systems Trading Down 0.5%

Shares of NASDAQ:MPWR opened at $1,213.65 on Friday. The company has a 50 day moving average of $1,329.98 and a 200-day moving average of $1,353.08. The firm has a market cap of $59.64 billion, a P/E ratio of 74.41 and a beta of 1.66. Monolithic Power Systems, Inc. has a twelve month low of $817.57 and a twelve month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. During the same quarter last year, the business earned $4.21 earnings per share. The business’s revenue for the quarter was up 47.6% on a year-over-year basis. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 49.05%.

Analyst Ratings Changes

Several brokerages recently issued reports on MPWR. Wall Street Zen raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Arete Research set a $2,013.00 price objective on Monolithic Power Systems and gave the stock a “buy” rating in a research note on Thursday, August 20th. Needham & Company LLC upped their price objective on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Raymond James Financial reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. Finally, Truist Financial raised their target price on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research note on Friday, July 31st. One investment 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 data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus target price of $1,731.42.

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.