Cambridge Investment Research Advisors Inc. Grows Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Cambridge Investment Research Advisors Inc. grew its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 289.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,290 shares of the semiconductor company’s stock after acquiring an additional 3,933 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Monolithic Power Systems were worth $4,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Monolithic Power Systems by 1.0% during the first quarter. Vanguard Group Inc. now owns 5,519,940 shares of the semiconductor company’s stock worth $3,739,318,000 after purchasing an additional 55,874 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Monolithic Power Systems by 2.4% in the fourth quarter. Franklin Resources Inc. now owns 1,830,569 shares of the semiconductor company’s stock valued at $1,154,686,000 after acquiring an additional 43,191 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Monolithic Power Systems by 0.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,056,183 shares of the semiconductor company’s stock valued at $666,219,000 after acquiring an additional 3,105 shares during the last quarter. Brown Advisory Inc. increased its position in shares of Monolithic Power Systems by 4.4% during the fourth quarter. Brown Advisory Inc. now owns 1,028,467 shares of the semiconductor company’s stock valued at $648,736,000 after acquiring an additional 43,225 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Monolithic Power Systems by 10.0% during the fourth quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock worth $592,251,000 after acquiring an additional 85,676 shares during the period. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on MPWR shares. Deutsche Bank Aktiengesellschaft upped their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Needham & Company LLC raised their price objective on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Truist Financial boosted their target price on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Rosenblatt Securities raised their price target on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Finally, TD Cowen lifted their price target on shares of Monolithic Power Systems from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $912.30.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $930.61 on Friday. The business’s fifty day moving average is $847.97 and its 200 day moving average is $759.63. The firm has a market cap of $45.30 billion, a price-to-earnings ratio of 110.92, a PEG ratio of 3.92 and a beta of 1.11. Monolithic Power Systems, Inc. has a 52-week low of $392.10 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, beating the consensus estimate of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.63% and a net margin of 21.70%. The firm had revenue of $507.40 million for the quarter, compared to analysts’ expectations of $490.66 million. During the same period in the prior year, the business posted $2.05 earnings per share. The company’s revenue was up 15.0% on a year-over-year basis. Equities analysts predict that Monolithic Power Systems, Inc. will post 10.37 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Friday, June 28th. Monolithic Power Systems’s payout ratio is 59.59%.

Insider Activity

In related news, EVP Deming Xiao sold 9,259 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total value of $8,796,050.00. Following the sale, the executive vice president now owns 20,455 shares in the company, valued at $19,432,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Monolithic Power Systems news, CEO Michael Hsing sold 2,790 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $2,171,708.10. Following the completion of the transaction, the chief executive officer now owns 865,332 shares of the company’s stock, valued at approximately $673,565,775.48. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Deming Xiao sold 9,259 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the completion of the transaction, the executive vice president now directly owns 20,455 shares in the company, valued at approximately $19,432,250. The disclosure for this sale can be found here. Insiders sold 106,215 shares of company stock worth $88,496,208 in the last three months. Corporate insiders own 3.20% of the company’s stock.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.