Monolithic Power Systems, Inc. $MPWR Stock: Robeco Institutional Asset Management B.V. Reduces Holdings

Robeco Institutional Asset Management B.V. lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 6.4% during the third quarter, Holdings Channel.com reports. The fund owned 44,087 shares of the semiconductor company’s stock after selling 3,037 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Monolithic Power Systems were worth $59,395,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Fund Management LLC raised its holdings in shares of Monolithic Power Systems by 2.7% in the 1st quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company’s stock worth $289,000 after purchasing an additional 7 shares during the period. Eastern Bank grew its holdings in shares of Monolithic Power Systems by 8.0% during the 3rd quarter. Eastern Bank now owns 108 shares of the semiconductor company’s stock worth $146,000 after purchasing an additional 8 shares during the period. Avidian Wealth Enterprises LLC grew its holdings in shares of Monolithic Power Systems by 4.5% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 185 shares of the semiconductor company’s stock worth $250,000 after purchasing an additional 8 shares during the period. Worthington Financial Partners LLC grew its holdings in shares of Monolithic Power Systems by 0.6% during the 3rd quarter. Worthington Financial Partners LLC now owns 1,622 shares of the semiconductor company’s stock worth $2,185,000 after purchasing an additional 9 shares during the period. Finally, First Bank & Trust increased its position in Monolithic Power Systems by 3.7% during the 3rd quarter. First Bank & Trust now owns 254 shares of the semiconductor company’s stock worth $342,000 after purchasing an additional 9 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Kuo Wei Chang sold 50 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the completion of the transaction, the director directly owned 515 shares of the company’s stock, valued at $660,008.55. This trade represents a 8.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the completion of the sale, the executive vice president 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 130 shares of company stock valued at $175,397. Company insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $1,167.93 on Friday. The company has a market capitalization of $57.39 billion, a P/E ratio of 76.85 and a beta of 1.68. Monolithic Power Systems, Inc. has a one year low of $833.18 and a one year high of $1,714.09. The stock has a 50-day moving average price of $1,291.59 and a 200 day moving average price of $1,397.51.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data 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 return on equity of 22.31% and a net margin of 24.41%. The firm had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. During the same quarter last year, the firm earned $4.21 EPS. Monolithic Power Systems’s quarterly revenue was up 47.6% on a year-over-year basis. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 23.95 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

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

Analyst Upgrades and Downgrades

MPWR has been the subject of a number of research analyst reports. Rosenblatt Securities reissued a “neutral” rating and set a $1,575.00 target price on shares of Monolithic Power Systems in a research report on Friday, July 31st. Truist Financial lifted their price target on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Wells Fargo & Company decreased their price objective on shares of Monolithic Power Systems from $1,800.00 to $1,550.00 and set an “overweight” rating for the company in a research note on Tuesday. TD Cowen dropped their price objective on shares of Monolithic Power Systems from $1,850.00 to $1,700.00 and set a “buy” rating for the company in a research report on Monday. Finally, Needham & Company LLC increased their price objective on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,706.93.

Monolithic Power Systems Company Profile

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.