Corebridge Financial Inc. Trims Stake in Monolithic Power Systems, Inc. $MPWR

Key Points

• Corebridge Financial Inc. reduced its stake in Monolithic Power Systems by 5.6%, owning 12,172 shares worth $7,060,000 after selling 717 shares in Q1.
• Several institutional investors significantly increased their positions in Monolithic Power Systems, with Caisse DE Depot ET Placement DU Quebec raising its holdings by 172.6%.
• Monolithic Power Systems reported a 31.0% increase in revenue year-over-year, with an EPS of $4.21 surpassing the expected $4.12.

Corebridge Financial Inc. trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 5.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 12,172 shares of the semiconductor company's stock after selling 717 shares during the period. Corebridge Financial Inc.'s holdings in Monolithic Power Systems were worth $7,060,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Fourth Dimension Wealth LLC bought a new position in shares of Monolithic Power Systems in the 4th quarter valued at $29,000. SouthState Corp bought a new position in Monolithic Power Systems during the 1st quarter worth $33,000. Itau Unibanco Holding S.A. raised its position in Monolithic Power Systems by 637.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 51 shares during the last quarter. Meeder Asset Management Inc. raised its position in Monolithic Power Systems by 146.4% during the 1st quarter. Meeder Asset Management Inc. now owns 69 shares of the semiconductor company's stock worth $40,000 after purchasing an additional 41 shares during the last quarter. Finally, Global Financial Private Client LLC raised its position in Monolithic Power Systems by 265.0% during the 1st quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock worth $42,000 after purchasing an additional 53 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock traded up $5.94 during mid-day trading on Thursday, hitting $833.50. 57,693 shares of the stock were exchanged, compared to its average volume of 783,772. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $954.00. The company has a 50-day simple moving average of $779.50 and a 200 day simple moving average of $678.26. The company has a market capitalization of $39.92 billion, a P/E ratio of 21.71, a P/E/G ratio of 3.11 and a beta of 1.23.

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

Monolithic Power Systems Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Deming Xiao sold 39,999 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $780.00, for a total value of $31,199,220.00. Following the sale, the executive vice president owned 121,605 shares of the company's stock, valued at approximately $94,851,900. The trade was a 24.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeff Zhou sold 193 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $870.00, for a total transaction of $167,910.00. Following the sale, the director directly owned 5,611 shares in the company, valued at $4,881,570. The trade was a 3.33% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,792 shares of company stock valued at $41,066,150. 3.40% of the stock is owned by company insiders.

Analyst Ratings Changes

MPWR has been the subject of several analyst reports. Raymond James Financial reaffirmed an "outperform" rating and set a $875.00 target price (up from $720.00) on shares of Monolithic Power Systems in a research report on Friday, August 1st. Wells Fargo & Company lifted their price objective on Monolithic Power Systems from $730.00 to $750.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Oppenheimer restated an "outperform" rating and issued a $800.00 target price (up from $700.00) on shares of Monolithic Power Systems in a research note on Tuesday, July 15th. Needham & Company LLC raised their target price on Monolithic Power Systems from $800.00 to $820.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Citigroup restated a "buy" rating and issued a $825.00 target price (up from $785.00) on shares of Monolithic Power Systems in a research note on Monday, August 4th. One equities research 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's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $838.09.

About Monolithic Power Systems

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.