Deutsche Bank AG Purchases New Holdings in Monolithic Power Systems, Inc. $MPWR

Deutsche Bank AG purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 167,290 shares of the semiconductor company's stock, valued at approximately $231,255,000. Deutsche Bank AG owned approximately 0.34% of Monolithic Power Systems at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MPWR. Perigon Wealth Management LLC acquired a new position in Monolithic Power Systems in the 2nd quarter valued at $1,011,000. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Monolithic Power Systems during the 2nd quarter worth $3,246,000. Trust Co. of Vermont acquired a new stake in shares of Monolithic Power Systems during the 2nd quarter worth $194,000. TimesSquare Capital Management LLC bought a new position in shares of Monolithic Power Systems in the second quarter worth $153,199,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Monolithic Power Systems in the second quarter worth $182,560,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, Director Jeff Zhou sold 486 shares of the company's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total value of $816,480.00. Following the completion of the transaction, the director owned 3,800 shares of the company's stock, valued at $6,384,000. This represents a 11.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Saria Tseng sold 7,565 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the completion of the transaction, the executive vice president owned 144,218 shares of the company's stock, valued at $245,170,600. This represents a 4.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 13,191 shares of company stock valued at $21,807,015 over the last quarter. 3.60% of the stock is currently owned by insiders.

Monolithic Power Systems Trading Down 5.8%

Shares of Monolithic Power Systems stock opened at $1,333.18 on Wednesday. The firm's 50 day moving average is $1,387.64 and its 200 day moving average is $1,344.11. The firm has a market capitalization of $65.51 billion, a PE ratio of 81.74 and a beta of 1.69. Monolithic Power Systems, Inc. has a 1 year low of $800.97 and a 1 year high of $1,714.09.

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

Monolithic Power Systems Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently commented on MPWR shares. Needham & Company LLC boosted their price target on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a "buy" rating in a research note on Friday, July 31st. TD Cowen increased their price objective on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a "buy" rating in a research note on Friday, May 1st. KeyCorp raised their target price on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Wall Street Zen upgraded shares of Monolithic Power Systems from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Zacks Research upgraded shares of Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Monolithic Power Systems presently has an average rating of "Moderate Buy" and a consensus price target of $1,705.82.

Monolithic Power Systems Company 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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