Northern Trust Corp Decreases Holdings in Monolithic Power Systems, Inc. $MPWR

Key Points

• Northern Trust Corp has reduced its stake in Monolithic Power Systems by 2.1%, currently owning approximately 1.04% of the company, valued at $289.1 million.
• Several other institutional investors have increased their holdings in Monolithic Power Systems, reflecting a strong interest among hedge funds and institutional investors who collectively own 93.46% of the company's stock.
• Analysts have raised their price targets for Monolithic Power Systems, with a consensus target price of $838.09 and a consensus rating of "Moderate Buy" among analysts.

Northern Trust Corp reduced its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 498,516 shares of the semiconductor company's stock after selling 10,777 shares during the quarter. Northern Trust Corp owned approximately 1.04% of Monolithic Power Systems worth $289,129,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MPWR. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Monolithic Power Systems by 13.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,719 shares of the semiconductor company's stock valued at $2,157,000 after purchasing an additional 438 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new stake in Monolithic Power Systems during the 1st quarter valued at $204,000. Praxis Investment Management Inc. acquired a new position in shares of Monolithic Power Systems in the first quarter worth $980,000. Jackson Wealth Management LLC increased its stake in shares of Monolithic Power Systems by 29.5% in the first quarter. Jackson Wealth Management LLC now owns 2,896 shares of the semiconductor company's stock worth $1,680,000 after acquiring an additional 659 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its stake in shares of Monolithic Power Systems by 52.6% in the first quarter. DAVENPORT & Co LLC now owns 653 shares of the semiconductor company's stock worth $379,000 after acquiring an additional 225 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Jeff Zhou sold 400 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $850.00, for a total value of $340,000.00. Following the completion of the transaction, the director directly owned 5,804 shares in the company, valued at approximately $4,933,400. The trade was a 6.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 6,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was 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 of the company's stock, valued at approximately $35,204,250. This represents a 11.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,599 shares of company stock worth $38,455,220. 3.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MPWR. Wells Fargo & Company upped their price objective on shares of Monolithic Power Systems from $730.00 to $750.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Stifel Nicolaus increased their target price on shares of Monolithic Power Systems from $880.00 to $930.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Needham & Company LLC increased their price target on shares of Monolithic Power Systems from $800.00 to $820.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Citigroup reaffirmed a "buy" rating and set a $825.00 price objective (up previously from $785.00) on shares of Monolithic Power Systems in a report on Monday, August 4th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $875.00 price objective (up previously from $720.00) on shares of Monolithic Power Systems in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems has a consensus rating of "Moderate Buy" and an average price target of $838.09.

Monolithic Power Systems Stock Up 1.5%

Shares of NASDAQ:MPWR traded up $12.78 during midday trading on Tuesday, reaching $850.64. 403,951 shares of the company were exchanged, compared to its average volume of 692,768. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The stock has a fifty day simple moving average of $762.64 and a two-hundred day simple moving average of $672.15. The firm has a market cap of $40.74 billion, a PE ratio of 22.15, a P/E/G ratio of 3.12 and a beta of 1.18.

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

Monolithic Power Systems Announces Dividend

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

Monolithic Power Systems 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.