Erste Asset Management GmbH Sells 1,435 Shares of Monolithic Power Systems, Inc. $MPWR

Erste Asset Management GmbH lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 9.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 13,177 shares of the semiconductor company’s stock after selling 1,435 shares during the quarter. Erste Asset Management GmbH’s holdings in Monolithic Power Systems were worth $17,394,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Corient Private Wealth LLC grew its stake in shares of Monolithic Power Systems by 3,719.6% in the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after buying an additional 1,993,576 shares during the period. Norges Bank acquired a new position in Monolithic Power Systems during the 4th quarter worth approximately $658,656,000. Royal Bank of Canada boosted its holdings in Monolithic Power Systems by 168.1% in the first quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock worth $517,557,000 after acquiring an additional 296,788 shares in the last quarter. Invesco Ltd. grew its stake in Monolithic Power Systems by 25.9% in the fourth quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock valued at $1,300,345,000 after acquiring an additional 295,556 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Monolithic Power Systems by 56.6% during the fourth quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company’s stock valued at $635,770,000 after acquiring an additional 253,653 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Raymond James Financial reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Needham & Company LLC lifted their price objective on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a “buy” rating in a report on Friday, July 31st. Truist Financial boosted their target price on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Oppenheimer set a $1,700.00 target price on shares of Monolithic Power Systems in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,705.82.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $1,362.55 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $800.97 and a 1 year high of $1,714.09. The firm has a market cap of $66.96 billion, a price-to-earnings ratio of 83.54 and a beta of 1.69. The company has a fifty day moving average price of $1,396.06 and a 200-day moving average price of $1,338.29.

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

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 49.05%.

Insider Activity

In related news, Director Kuo Wei Herbert Chang sold 50 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total transaction of $71,000.00. Following the completion of the sale, the director directly owned 565 shares of the company’s stock, valued at approximately $802,300. This trade represents a 8.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Saria Tseng sold 7,565 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the sale, the executive vice president directly owned 144,218 shares of the company’s stock, valued at $245,170,600. The trade was a 4.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 13,191 shares of company stock worth $21,807,015 in the last quarter. 3.60% of the stock is owned by corporate insiders.

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.