Deutsche Bank AG Has $98.13 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Deutsche Bank AG lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 169,196 shares of the semiconductor company's stock after purchasing an additional 10,158 shares during the quarter. Deutsche Bank AG owned approximately 0.35% of Monolithic Power Systems worth $98,130,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Chicago Partners Investment Group LLC acquired a new position in Monolithic Power Systems in the 1st quarter valued at $253,000. Charles Schwab Investment Management Inc. grew its stake in Monolithic Power Systems by 3.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 335,986 shares of the semiconductor company's stock valued at $194,865,000 after buying an additional 10,163 shares during the last quarter. ASR Vermogensbeheer N.V. acquired a new position in Monolithic Power Systems in the 1st quarter valued at $1,260,000. Citizens Financial Group Inc. RI grew its stake in Monolithic Power Systems by 82.1% in the 1st quarter. Citizens Financial Group Inc. RI now owns 681 shares of the semiconductor company's stock valued at $396,000 after buying an additional 307 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Monolithic Power Systems by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 5,920,669 shares of the semiconductor company's stock valued at $3,433,870,000 after buying an additional 96,395 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Trading Down 1.4%

MPWR stock traded down $12.27 during trading on Thursday, hitting $849.53. 372,031 shares of the stock traded hands, compared to its average volume of 811,470. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The stock has a market cap of $40.68 billion, a price-to-earnings ratio of 22.12, a P/E/G ratio of 3.13 and a beta of 1.18. The company has a 50 day simple moving average of $737.97 and a 200 day simple moving average of $659.80.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $0.09. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The firm had revenue of $664.57 million during the quarter, compared to the consensus estimate of $648.74 million. During the same period last year, the firm posted $3.17 EPS. The firm's quarterly revenue was up 31.0% on a year-over-year basis. As a group, analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

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

Analyst Upgrades and Downgrades

MPWR has been the topic of a number of research analyst reports. Raymond James Financial reiterated an "outperform" rating and issued a $875.00 target price (up from $720.00) on shares of Monolithic Power Systems in a research note on Friday, August 1st. Rosenblatt Securities reissued a "neutral" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, August 1st. Oppenheimer reissued an "outperform" rating and issued a $800.00 price target (up from $700.00) on shares of Monolithic Power Systems in a report on Tuesday, July 15th. Stifel Nicolaus increased their price target on shares of Monolithic Power Systems from $880.00 to $930.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Citigroup reissued a "buy" rating and issued a $825.00 price target (up from $785.00) on shares of Monolithic Power Systems in a report on Monday, August 4th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $838.09.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 3,000 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $750.00, for a total value of $2,250,000.00. Following the completion of the sale, the chief financial officer owned 43,939 shares in the company, valued at approximately $32,954,250. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeff Zhou sold 200 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $830.00, for a total transaction of $166,000.00. Following the completion of the sale, the director owned 6,204 shares of the company's stock, valued at $5,149,320. The trade was a 3.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,199 shares of company stock worth $38,115,220. 3.40% of the stock is currently owned by corporate insiders.

About Monolithic Power Systems

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.