Monolithic Power Systems, Inc. $MPWR Stock: Robeco Schweiz AG Trims Position

Key Points

• Robeco Schweiz AG reduced its Monolithic Power Systems stake by 7.3% in the third quarter, selling 7,026 shares and retaining 89,007 shares worth approximately $119.9 million. Institutional investors collectively own 93.46% of MPWR.
• MPWR shares opened at $1,140.12, down 2.4%, with a market capitalization of about $56.03 billion. The company recently beat quarterly expectations, reporting $6.50 in EPS and $980.64 million in revenue, up 47.6% year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $1,692.64 target price. Monolithic Power Systems also pays a quarterly dividend of $2.00, equivalent to an annualized yield of 0.7%.

Robeco Schweiz AG lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 7.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,007 shares of the semiconductor company's stock after selling 7,026 shares during the period. Monolithic Power Systems accounts for 2.2% of Robeco Schweiz AG's investment portfolio, making the stock its 11th largest position. Robeco Schweiz AG owned 0.18% of Monolithic Power Systems worth $119,912,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC acquired a new stake in shares of Monolithic Power Systems in the 2nd quarter worth $35,000. Danske Bank A S purchased a new position in shares of Monolithic Power Systems during the 2nd quarter worth $36,000. Continuum Advisory LLC acquired a new position in shares of Monolithic Power Systems during the 2nd quarter valued at about $43,000. GK Wealth Management LLC acquired a new position in shares of Monolithic Power Systems during the 3rd quarter valued at about $43,000. Finally, Sunbelt Securities Inc. boosted its position in shares of Monolithic Power Systems by 233.3% during the 1st quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company's stock valued at $44,000 after acquiring an additional 28 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Stock Down 2.4%

MPWR stock opened at $1,140.12 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $833.18 and a 52-week high of $1,714.09. The stock has a market cap of $56.03 billion, a price-to-earnings ratio of 69.90 and a beta of 1.68. The business has a fifty day moving average of $1,286.36 and a two-hundred day moving average of $1,395.71.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating the consensus estimate of $5.87 by $0.63. The business had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%. The company's quarterly revenue was up 47.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.21 EPS. As a group, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 23.95 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued 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 payout ratio is 49.05%.

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of analyst reports. TD Cowen dropped their price objective on shares of Monolithic Power Systems from $1,850.00 to $1,700.00 and set a "buy" rating for the company in a report on Monday, October 19th. Oppenheimer reduced their target price on shares of Monolithic Power Systems from $1,700.00 to $1,500.00 and set an "outperform" rating on the stock in a research note on Friday. KeyCorp lifted their target price on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Raymond James Financial reiterated an "outperform" rating on shares of Monolithic Power Systems in a report on Wednesday, August 12th. Finally, Rosenblatt Securities reissued a "neutral" rating and issued a $1,575.00 price target on shares of Monolithic Power Systems in a research note on Friday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,692.64.

Insider Buying and Selling

In other Monolithic Power Systems news, Director Kuo Wei Chang sold 50 shares of the business's stock in a transaction 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 completion of the transaction, the director owned 515 shares in the company, valued at $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the company's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 130 shares of company stock worth $175,397. 3.60% of the stock is owned by company insiders.

Monolithic Power Systems Profile

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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