Monolithic Power Systems, Inc. $MPWR Stake Decreased by Swiss Life Asset Management Ltd

Key Points

• Swiss Life Asset Management cut its Monolithic Power Systems stake by 22.4% in the second quarter, selling 6,940 shares and retaining 24,087 shares valued at approximately $33.3 million. Institutional investors collectively own 93.46% of the company.
• 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. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $1,705.82.
• The stock opened at $1,362.55 after declining 4.4%; insiders sold 13,191 shares worth $21.8 million over the past 90 days. The company also pays a quarterly dividend of $2.00, equal to a 0.6% annualized yield.

Swiss Life Asset Management Ltd cut its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 22.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,087 shares of the semiconductor company's stock after selling 6,940 shares during the period. Swiss Life Asset Management Ltd's holdings in Monolithic Power Systems were worth $33,297,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. State Street Corp raised its stake in Monolithic Power Systems by 2.1% during the 4th quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company's stock valued at $1,979,610,000 after acquiring an additional 45,715 shares in the last quarter. Corient Private Wealth LLC boosted its position in Monolithic Power Systems by 3,719.6% during the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company's stock worth $1,855,476,000 after acquiring an additional 1,993,576 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Monolithic Power Systems by 7.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company's stock worth $1,533,013,000 after purchasing an additional 117,596 shares in the last quarter. Invesco Ltd. grew its stake in shares of Monolithic Power Systems by 25.9% in the fourth quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company's stock worth $1,300,345,000 after purchasing an additional 295,556 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Monolithic Power Systems by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 1,382,280 shares of the semiconductor company's stock valued at $1,248,436,000 after purchasing an additional 44,583 shares during the period. 93.46% of the stock is owned by institutional investors.

Insider Transactions at Monolithic Power Systems

In related news, Director Jeff Zhou sold 486 shares of the stock in a transaction that occurred on 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 owned 3,800 shares in the company, valued at approximately $6,384,000. This represents a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kuo Wei Herbert Chang sold 50 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total transaction of $71,000.00. Following the transaction, the director owned 565 shares in the company, valued at approximately $802,300. This trade represents a 8.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 13,191 shares of company stock valued at $21,807,015 over the last 90 days. Company insiders own 3.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MPWR shares. Zacks Research upgraded shares of Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 18th. Rosenblatt Securities reissued a "neutral" rating and set a $1,575.00 target price on shares of Monolithic Power Systems in a research note on Friday, July 31st. Citigroup reissued a "buy" rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. KeyCorp boosted their price target on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Finally, Wells Fargo & Company upped their price target on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,705.82.

Monolithic Power Systems Trading Down 4.4%

NASDAQ MPWR opened at $1,362.55 on Friday. The stock's 50-day moving average price is $1,396.06 and its two-hundred day moving average price is $1,338.29. The company has a market cap of $66.96 billion, a PE ratio of 83.54 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 posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. During the same quarter last year, the business posted $4.21 EPS. The company's revenue was up 47.6% on a year-over-year basis. Research analysts forecast that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems's dividend payout ratio is presently 49.05%.

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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