Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,445 shares of the semiconductor company’s stock after purchasing an additional 39 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Monolithic Power Systems were worth $1,336,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Monolithic Power Systems by 61.0% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,967 shares of the semiconductor company’s stock worth $2,010,000 after acquiring an additional 1,124 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in Monolithic Power Systems by 62.3% in the first quarter. Kingsview Wealth Management LLC now owns 1,683 shares of the semiconductor company’s stock valued at $1,140,000 after acquiring an additional 646 shares during the period. Nicolet Advisory Services LLC boosted its position in shares of Monolithic Power Systems by 66.2% during the first quarter. Nicolet Advisory Services LLC now owns 806 shares of the semiconductor company’s stock worth $550,000 after buying an additional 321 shares during the period. Vanguard Group Inc. boosted its position in shares of 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 buying an additional 55,874 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of Monolithic Power Systems by 224.4% during the first quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock worth $1,034,000 after buying an additional 1,057 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on MPWR. Raymond James upped their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. TD Cowen lowered their price target on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Truist Financial reiterated a “buy” rating and issued a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Stifel Nicolaus upped their price target on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on 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 Stock Down 0.6 %

Shares of NASDAQ MPWR opened at $573.38 on Friday. The firm has a market cap of $27.97 billion, a PE ratio of 64.64, a P/E/G ratio of 2.86 and a beta of 1.15. Monolithic Power Systems, Inc. has a 12-month low of $532.86 and a 12-month high of $959.64. The company’s fifty day simple moving average is $856.47 and its 200 day simple moving average is $826.00.

Monolithic Power Systems (NASDAQ:MPWR) last posted 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). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The business had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Insider Activity

In other news, CFO Theodore Blegen sold 734 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.15, for a total transaction of $561,620.10. Following the completion of the transaction, the chief financial officer now owns 55,944 shares in the company, valued at $42,805,551.60. This trade represents a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction, the executive vice president now owns 103,829 shares of the company’s stock, valued at approximately $96,518,400.11. The trade was a 9.58 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,359 shares of company stock valued at $36,209,571. Insiders own 3.70% of the company’s stock.

Monolithic Power Systems Company Profile

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.