ABN AMRO Bank N.V. Acquires Shares of 3,130 Monolithic Power Systems, Inc. $MPWR

Key Points

• ABN AMRO Bank acquired 3,130 shares of Monolithic Power Systems in the second quarter, valued at approximately $4.3 million. Institutional investors collectively own 93.46% of the company.
• Monolithic Power Systems reported quarterly EPS of $6.50, beating estimates of $5.87, while revenue rose 47.6% year over year to $980.64 million. Shares were trading near $1,402, up 2.9%.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $1,705.82; meanwhile, insiders sold 13,191 shares worth approximately $21.8 million over the past three months.

ABN AMRO Bank N.V. bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,130 shares of the semiconductor company's stock, valued at approximately $4,302,000.

Other large investors have also recently modified their holdings of the company. State Street Corp lifted its stake in Monolithic Power Systems by 2.1% in the 4th quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company's stock valued at $1,979,610,000 after purchasing an additional 45,715 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Monolithic Power Systems by 3,719.6% during the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company's stock worth $1,855,476,000 after buying an additional 1,993,576 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Monolithic Power Systems by 7.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company's stock worth $1,533,013,000 after buying an additional 117,596 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Monolithic Power Systems by 25.9% in the 4th 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 last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Monolithic Power Systems by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 1,382,280 shares of the semiconductor company's stock valued at $1,248,436,000 after acquiring an additional 44,583 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Buying and Selling

In related news, Director Kuo Wei Herbert Chang sold 50 shares of Monolithic Power Systems stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $1,420.00, for a total transaction of $71,000.00. Following the completion of the transaction, the director owned 565 shares of the company's stock, valued at $802,300. This trade represents a 8.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Saria Tseng sold 7,565 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the transaction, the executive vice president directly owned 144,218 shares of the company's stock, valued at $245,170,600. This represents a 4.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 13,191 shares of company stock valued at $21,807,015. Insiders own 3.60% of the company's stock.

Monolithic Power Systems Stock Up 2.9%

Shares of NASDAQ:MPWR opened at $1,402.01 on Friday. The firm has a market cap of $68.89 billion, a P/E ratio of 85.96 and a beta of 1.69. Monolithic Power Systems, Inc. has a 12-month low of $800.97 and a 12-month high of $1,714.09. The business has a fifty day simple moving average of $1,394.48 and a 200 day simple moving average of $1,338.74.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, topping the consensus estimate of $5.87 by $0.63. The firm had revenue of $980.64 million for the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The business's quarterly revenue was up 47.6% compared to the same quarter last year. During the same period in the previous year, the business earned $4.21 EPS. As a group, equities research analysts expect that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $2.00 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 annualized dividend and a yield of 0.6%. Monolithic Power Systems's dividend payout ratio is presently 49.05%.

Wall Street Analysts Forecast Growth

MPWR has been the topic of several recent research reports. Citigroup reissued a "buy" rating on shares of Monolithic Power Systems in a report on Friday, May 1st. TD Cowen increased their target price on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a "buy" rating in a research report on Friday, May 1st. Truist Financial increased their target price on 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. Wall Street Zen raised Monolithic Power Systems from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, KeyCorp boosted their price target on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,705.82.

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.

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