Monolithic Power Systems, Inc. $MPWR Stock: Robeco Institutional Asset Management B.V. Reduces Position

Key Points

• Robeco Institutional Asset Management reduced its Monolithic Power Systems position by 6.4% in the third quarter, selling 3,037 shares and retaining 44,087 shares valued at approximately $59.4 million. Institutional investors collectively own 93.46% of the company.
• Monolithic Power Systems reported quarterly EPS of $6.50, surpassing the $5.87 analyst estimate, while revenue rose 47.6% year over year to $980.64 million. The company also pays an annualized dividend of $8.00 per share, yielding 0.7%.
• Analyst sentiment remains favorable, with a “Moderate Buy” consensus and an average price target of $1,706.93, although the stock recently traded at $1,167.93. Company insiders have sold 130 shares worth about $175,397 over the past three months.

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 6.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,087 shares of the semiconductor company's stock after selling 3,037 shares during the period. Robeco Institutional Asset Management B.V. owned 0.09% of Monolithic Power Systems worth $59,395,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Royal Fund Management LLC boosted its holdings in Monolithic Power Systems by 2.7% in the first quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company's stock valued at $289,000 after purchasing an additional 7 shares in the last quarter. Eastern Bank lifted its position in shares of Monolithic Power Systems by 8.0% during the 3rd quarter. Eastern Bank now owns 108 shares of the semiconductor company's stock worth $146,000 after buying an additional 8 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its position in shares of Monolithic Power Systems by 4.5% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 185 shares of the semiconductor company's stock worth $250,000 after buying an additional 8 shares during the last quarter. Worthington Financial Partners LLC lifted its position in shares of Monolithic Power Systems by 0.6% during the 3rd quarter. Worthington Financial Partners LLC now owns 1,622 shares of the semiconductor company's stock worth $2,185,000 after buying an additional 9 shares during the last quarter. Finally, First Bank & Trust boosted its holdings in shares of Monolithic Power Systems by 3.7% in the 3rd quarter. First Bank & Trust now owns 254 shares of the semiconductor company's stock valued at $342,000 after buying an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $1,167.93 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $833.18 and a 1-year high of $1,714.09. The company has a market cap of $57.39 billion, a PE ratio of 76.85 and a beta of 1.68. The stock's 50 day moving average price is $1,291.59 and its 200 day moving average price is $1,397.51.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating 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 business had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. During the same quarter last year, the firm posted $4.21 EPS. The business's revenue was up 47.6% compared to the same quarter last year. On average, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 23.95 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a $2.00 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.7%. Monolithic Power Systems's dividend payout ratio (DPR) is currently 49.05%.

Analysts Set New Price Targets

A number of research firms recently commented on MPWR. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $1,575.00 target price on shares of Monolithic Power Systems in a research report on Friday, July 31st. Wall Street Zen cut shares of Monolithic Power Systems from a "buy" rating to a "hold" rating in a research report on Saturday, October 17th. Arete Research began coverage on shares of Monolithic Power Systems in a research note on Thursday, August 20th. They issued a "buy" rating and a $2,013.00 price objective for the company. Weiss Ratings raised Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Monolithic Power Systems in a report on Wednesday, August 12th. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1,706.93.

Insider Buying and Selling at Monolithic Power Systems

In related news, Director Kuo Wei Chang sold 50 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the sale, the director directly owned 515 shares of the company's stock, valued at approximately $660,008.55. This trade represents a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the sale, the executive vice president directly owned 1,119 shares in the company, valued at $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 130 shares of company stock valued at $175,397 in the last three months. 3.60% of the stock is currently owned by company insiders.

About Monolithic Power Systems

Monolithic Power Systems, Inc NASDAQ: MPWR is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help regulate, convert, distribute and control electrical power in electronic systems, supporting applications that require efficient and reliable power delivery.

The company's portfolio includes integrated circuits, power modules, battery-management products, motor drivers, LED drivers and related analog and mixed-signal semiconductor solutions.

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