Achmea Investment Management B.V. Has $7.43 Million Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Achmea Investment Management B.V. lifted its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 61.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,808 shares of the semiconductor company's stock after buying an additional 4,858 shares during the period. Achmea Investment Management B.V.'s holdings in Monolithic Power Systems were worth $7,429,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Monolithic Power Systems by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock worth $3,446,223,000 after purchasing an additional 74,046 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Monolithic Power Systems by 16.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock worth $904,297,000 after purchasing an additional 214,395 shares in the last quarter. Geode Capital Management LLC raised its position in Monolithic Power Systems by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company's stock worth $807,158,000 after purchasing an additional 31,295 shares in the last quarter. Invesco Ltd. raised its position in Monolithic Power Systems by 7.5% in the fourth quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock worth $687,841,000 after purchasing an additional 81,412 shares in the last quarter. Finally, Brown Advisory Inc. raised its position in Monolithic Power Systems by 0.5% in the fourth quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company's stock worth $583,420,000 after purchasing an additional 5,274 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $650.00, for a total value of $65,000.00. Following the completion of the sale, the director now directly owns 776 shares in the company, valued at $504,400. This represents a 11.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $701.00, for a total value of $8,412,000.00. Following the transaction, the executive vice president now owns 4,015 shares of the company's stock, valued at approximately $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,200 shares of company stock worth $8,546,800 over the last ninety days. 3.40% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Trading Up 0.1%

Shares of MPWR traded up $0.86 during trading hours on Friday, hitting $736.03. 562,271 shares of the stock traded hands, compared to its average volume of 802,487. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The firm has a market capitalization of $35.24 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.92 and a beta of 1.19. The business has a fifty day moving average of $666.32 and a 200-day moving average of $628.67.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The business had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. During the same quarter in the prior year, the firm posted $2.81 earnings per share. The firm's revenue for the quarter was up 39.2% compared to the same quarter last year. As a group, equities research analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $1.56 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.24 annualized dividend and a dividend yield of 0.85%. Monolithic Power Systems's dividend payout ratio (DPR) is currently 16.56%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MPWR shares. Raymond James Financial reissued an "outperform" rating and issued a $720.00 price target (down previously from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Stifel Nicolaus dropped their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. TD Cowen increased their price target on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Citigroup raised their price objective on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, KeyCorp dropped their price objective on shares of Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and an average price target of $789.42.

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.