Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Holdings Boosted by Swiss National Bank

Swiss National Bank lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,500 shares of the semiconductor company’s stock after acquiring an additional 400 shares during the quarter. Swiss National Bank owned 0.30% of Monolithic Power Systems worth $133,590,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Dynamic Advisor Solutions LLC boosted its stake in shares of Monolithic Power Systems by 3.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after acquiring an additional 12 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Monolithic Power Systems by 1.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock worth $731,000 after acquiring an additional 12 shares in the last quarter. Outlook Wealth Advisors LLC boosted its stake in shares of Monolithic Power Systems by 2.5% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock worth $461,000 after acquiring an additional 12 shares in the last quarter. Greenleaf Trust boosted its stake in shares of Monolithic Power Systems by 1.5% during the 3rd quarter. Greenleaf Trust now owns 979 shares of the semiconductor company’s stock worth $905,000 after acquiring an additional 14 shares in the last quarter. Finally, Aptus Capital Advisors LLC boosted its stake in shares of Monolithic Power Systems by 4.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock worth $285,000 after acquiring an additional 14 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Deming Xiao sold 9,259 shares of the firm’s stock in a transaction dated 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 directly owns 20,455 shares of the company’s stock, valued at approximately $19,432,250. This trade represents a 31.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $929.59, for a total value of $10,225,490.00. Following the completion of the sale, the executive vice president now directly owns 103,829 shares in the company, valued at approximately $96,518,400.11. This represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,359 shares of company stock valued at $36,209,571. 3.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on MPWR. Deutsche Bank Aktiengesellschaft raised their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Stifel Nicolaus raised their target price on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Raymond James raised their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. TD Cowen decreased their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, KeyCorp raised their target price on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average target price of $916.73.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $573.38 on Monday. Monolithic Power Systems, Inc. has a fifty-two week low of $532.86 and a fifty-two week high of $959.64. The stock’s 50-day moving average is $856.47 and its two-hundred day moving average is $827.10. The firm has a market cap of $27.97 billion, a P/E ratio of 64.64, a price-to-earnings-growth ratio of 2.73 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.05). The business had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

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.