Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Raiffeisen Bank International AG

Key Points

• Raiffeisen Bank International AG has reduced its holdings in Monolithic Power Systems, Inc. (MPWR) by 26.2%, now owning 8,998 shares worth approximately $5.2 million.
• Several other hedge funds have increased their positions, with Itau Unibanco raising its stake by 637.5% during the 4th quarter.
• Analysts remain optimistic about MPWR, with multiple brokerages increasing their target prices, and the stock currently has a consensus rating of "Moderate Buy".

Raiffeisen Bank International AG trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 26.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,998 shares of the semiconductor company's stock after selling 3,196 shares during the period. Raiffeisen Bank International AG's holdings in Monolithic Power Systems were worth $5,218,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of MPWR. Brighton Jones LLC raised its holdings in shares of Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock worth $376,000 after buying an additional 200 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Monolithic Power Systems in the fourth quarter valued at $454,000. Wells Fargo & Company MN grew its position in shares of Monolithic Power Systems by 20.2% in the fourth quarter. Wells Fargo & Company MN now owns 69,376 shares of the semiconductor company's stock valued at $41,050,000 after purchasing an additional 11,667 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at about $293,000. Finally, Aviva PLC boosted its position in Monolithic Power Systems by 11.1% during the fourth quarter. Aviva PLC now owns 2,831 shares of the semiconductor company's stock worth $1,675,000 after acquiring an additional 282 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Up 5.7%

NASDAQ:MPWR traded up $45.01 during trading hours on Monday, reaching $830.63. 1,360,386 shares of the company's stock were exchanged, compared to its average volume of 580,987. The firm has a market capitalization of $39.77 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 3.12 and a beta of 1.18. The company has a 50-day moving average of $718.72 and a 200 day moving average of $652.39. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $4.21 EPS for the quarter, topping analysts' consensus estimates of $4.12 by $0.09. The company had revenue of $664.57 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 31.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.17 EPS. Research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $1.56 per share. The ex-dividend date was Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a yield of 0.8%. Monolithic Power Systems's dividend payout ratio is presently 16.25%.

Insider Activity

In other Monolithic Power Systems news, EVP Deming Xiao sold 39,999 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $780.00, for a total transaction of $31,199,220.00. Following the completion of the transaction, the executive vice president owned 121,605 shares in the company, valued at approximately $94,851,900. This represents a 24.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the transaction, the executive vice president owned 4,015 shares of the company's stock, valued at approximately $2,814,515. The trade was a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 61,199 shares of company stock worth $46,496,020 in the last 90 days. Corporate insiders own 3.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MPWR. Raymond James Financial restated an "outperform" rating and set a $875.00 price target (up from $720.00) on shares of Monolithic Power Systems in a research report on Friday. Needham & Company LLC upped their target price on shares of Monolithic Power Systems from $800.00 to $820.00 and gave the stock a "buy" rating in a research note on Friday. Citigroup increased their price objective on shares of Monolithic Power Systems from $785.00 to $825.00 and gave the company a "buy" rating in a research report on Monday. Rosenblatt Securities reissued a "neutral" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday. Finally, Stifel Nicolaus upped their target price on shares of Monolithic Power Systems from $880.00 to $930.00 and gave the company a "buy" rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Monolithic Power Systems has a consensus rating of "Moderate Buy" and a consensus price target of $838.09.

Monolithic Power Systems Company 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.