Erste Asset Management GmbH Has $17.39 Million Stock Position in Monolithic Power Systems, Inc. $MPWR

Key Points

• Erste Asset Management reduced its Monolithic Power Systems stake by 9.8% in the second quarter, leaving it with 13,177 shares valued at $17.39 million. Institutional investors collectively own 93.46% of MPWR.
• Analysts remain broadly bullish, with one Strong Buy, eleven Buy and two Hold ratings. The stock has a consensus “Moderate Buy” rating and a consensus price target of $1,705.82.
• 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. The company also pays a quarterly dividend of $2.00, representing a 0.6% yield.

Erste Asset Management GmbH cut its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 9.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,177 shares of the semiconductor company's stock after selling 1,435 shares during the period. Erste Asset Management GmbH's holdings in Monolithic Power Systems were worth $17,394,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Asset Management One Co. Ltd. boosted its holdings in shares of Monolithic Power Systems by 1.3% during the 2nd quarter. Asset Management One Co. Ltd. now owns 21,424 shares of the semiconductor company's stock valued at $29,616,000 after acquiring an additional 267 shares in the last quarter. Werba Rubin Papier Wealth Management acquired a new position in Monolithic Power Systems in the 2nd quarter worth about $200,000. Clear Creek Financial Management LLC raised its position in Monolithic Power Systems by 4.2% in the second quarter. Clear Creek Financial Management LLC now owns 599 shares of the semiconductor company's stock valued at $829,000 after purchasing an additional 24 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Monolithic Power Systems by 0.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 20,303 shares of the semiconductor company's stock valued at $25,841,000 after purchasing an additional 76 shares during the last quarter. Finally, WealthTrust Asset Management LLC acquired a new stake in shares of Monolithic Power Systems during the second quarter valued at about $223,000. 93.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. 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. Oppenheimer set a $1,700.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 1st. Raymond James Financial reiterated an "outperform" rating on shares of Monolithic Power Systems in a research report on Wednesday. Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. 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 research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,705.82.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,362.55 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $800.97 and a 52 week high of $1,714.09. The firm's fifty day moving average is $1,396.06 and its 200-day moving average is $1,338.29. The firm has a market cap of $66.96 billion, a P/E ratio of 83.54 and a beta of 1.69.

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

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $2.00 dividend. The ex-dividend date of this dividend 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 (DPR) is 49.05%.

Insiders Place Their Bets

In other news, Director Jeff Zhou sold 486 shares of the business'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 transaction, the director directly owned 3,800 shares of the company's stock, valued at $6,384,000. The trade was a 11.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kuo Wei Herbert Chang sold 50 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $1,420.00, for a total value of $71,000.00. Following the sale, the director owned 565 shares in the company, valued at approximately $802,300. The trade was a 8.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 13,191 shares of company stock valued at $21,807,015 over the last 90 days. 3.60% of the stock is owned by company insiders.

About Monolithic Power Systems

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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