Monolithic Power Systems, Inc. $MPWR Shares Acquired by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co increased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 13.5% during the third quarter, Holdings Channel reports. The institutional investor owned 5,390 shares of the semiconductor company’s stock after purchasing an additional 640 shares during the period. Harbour Trust & Investment Management Co’s holdings in Monolithic Power Systems were worth $7,262,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Monolithic Power Systems in the second quarter valued at approximately $7,727,289,000. Bank of America Corp DE acquired a new position in shares of Monolithic Power Systems during the second quarter worth approximately $741,271,000. Legal & General Group Plc acquired a new position in shares of Monolithic Power Systems during the second quarter worth approximately $497,561,000. Royal Bank of Canada lifted its holdings in shares of Monolithic Power Systems by 168.1% in the 1st quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock worth $517,557,000 after purchasing an additional 296,788 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Monolithic Power Systems in the 2nd quarter worth $402,414,000. Institutional investors own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the transaction, the executive vice president directly owned 1,119 shares of the company’s stock, valued at $1,503,868.86. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the transaction, the director owned 515 shares in the company, valued at approximately $660,008.55. This trade represents a 8.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 130 shares of company stock worth $175,397 over the last three months. 3.60% of the stock is owned by insiders.

Key Monolithic Power Systems News

Here are the key news stories impacting Monolithic Power Systems this week:

• Positive Sentiment: Q3 results exceeded expectations: Adjusted earnings were $8.19 per share, above the roughly $7.79–$7.80 consensus, while revenue reached $1.20 billion versus estimates of about $1.16 billion. Revenue increased 63.1% year over year, and earnings rose substantially from $4.73 per share in the prior-year quarter. Monolithic Power Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Operating trends improved: Reports highlighted improving inventory levels, a development that could support cash flow and reduce supply-chain concerns. The earnings beat and strong year-over-year growth reinforce demand for MPS’s power-management semiconductor products. Monolithic Power Systems delivers impressive Q3, inventory levels improve

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MPWR. Zacks Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Wells Fargo & Company dropped their price objective on shares of Monolithic Power Systems from $1,800.00 to $1,550.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 20th. Arete Research initiated coverage on shares of Monolithic Power Systems in a research note on Thursday, August 20th. They issued a “buy” rating and a $2,013.00 price objective on the stock. Weiss Ratings upgraded shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, KeyCorp boosted their target price on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,692.64.

Monolithic Power Systems Trading Down 1.0%

NASDAQ MPWR opened at $1,198.81 on Friday. The firm has a market capitalization of $58.91 billion, a P/E ratio of 72.53 and a beta of 1.68. The business has a fifty day simple moving average of $1,276.68 and a 200 day simple moving average of $1,309.09. Monolithic Power Systems, Inc. has a 12 month low of $833.18 and a 12 month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, October 29th. The semiconductor company reported $8.19 earnings per share for the quarter, beating the consensus estimate of $7.79 by $0.40. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%. The business’s revenue was up 63.1% on a year-over-year basis. During the same period last year, the business earned $4.73 EPS. As a group, sell-side analysts predict that Monolithic Power Systems, Inc. will post 23.95 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a $2.00 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is currently 49.05%.

About Monolithic Power Systems

Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help regulate, convert, distribute and control electrical power in electronic systems, supporting applications that require efficient and reliable power delivery.

The company’s portfolio includes integrated circuits, power modules, battery-management products, motor drivers, LED drivers and related analog and mixed-signal semiconductor solutions.