Comerica Bank Sells 2,819 Shares of Monolithic Power Systems, Inc. $MPWR

Key Points

• Comerica Bank reduced its holdings in Monolithic Power Systems by 26.8%, selling 2,819 shares and ending with a total of 7,690 shares valued at approximately $4.46 million.
• Other institutional investors, such as GAMMA Investing LLC and Price T Rowe Associates, significantly increased their positions in Monolithic Power Systems, collectively owning over 93% of the stock.
• Recent analyst ratings for Monolithic Power Systems have been positive, with multiple firms raising their price targets, making the average target around $838.09 and maintaining a rating of "Moderate Buy."

Comerica Bank decreased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 26.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,690 shares of the semiconductor company's stock after selling 2,819 shares during the period. Comerica Bank's holdings in Monolithic Power Systems were worth $4,460,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fourth Dimension Wealth LLC acquired a new stake in shares of Monolithic Power Systems in the fourth quarter worth $29,000. SouthState Corp acquired a new stake in shares of Monolithic Power Systems in the first quarter worth $33,000. Itau Unibanco Holding S.A. boosted its stake in Monolithic Power Systems by 637.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after buying an additional 51 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in Monolithic Power Systems by 146.4% in the 1st quarter. Meeder Asset Management Inc. now owns 69 shares of the semiconductor company's stock valued at $40,000 after buying an additional 41 shares during the period. Finally, Global Financial Private Client LLC increased its holdings in Monolithic Power Systems by 265.0% in the 1st quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock valued at $42,000 after buying an additional 53 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MPWR. Oppenheimer reissued an "outperform" rating and issued a $800.00 price target (up previously from $700.00) on shares of Monolithic Power Systems in a report on Tuesday, July 15th. Loop Capital boosted their price target on shares of Monolithic Power Systems from $760.00 to $800.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Wells Fargo & Company boosted their price target on shares of Monolithic Power Systems from $730.00 to $750.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. KeyCorp boosted their price target on shares of Monolithic Power Systems from $940.00 to $950.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, William Blair raised shares of Monolithic Power Systems to a "strong-buy" rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and an average target price of $838.09.

Insider Buying and Selling

In related news, CFO Theodore Blegen sold 6,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the transaction, the chief financial officer owned 46,939 shares in the company, valued at $35,204,250. This represents a 11.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeff Zhou sold 400 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $850.00, for a total transaction of $340,000.00. Following the transaction, the director owned 5,804 shares in the company, valued at approximately $4,933,400. This trade represents a 6.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,792 shares of company stock worth $41,066,150 in the last 90 days. Corporate insiders own 3.40% of the company's stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR traded up $20.55 on Thursday, hitting $848.11. The stock had a trading volume of 424,542 shares, compared to its average volume of 490,993. The firm's 50 day moving average price is $781.76 and its 200-day moving average price is $679.39. The company has a market capitalization of $40.62 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 3.08 and a beta of 1.23. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $954.00.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.09. The business had revenue of $664.57 million for the quarter, compared to the consensus estimate of $648.74 million. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The firm's quarterly revenue was up 31.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.17 EPS. Monolithic Power Systems has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $1.56 per share. The ex-dividend date was Monday, June 30th. This represents a $6.24 annualized dividend and a yield of 0.7%. Monolithic Power Systems's dividend payout ratio is 16.25%.

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.