Robeco Schweiz AG Has $67.30 Million Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Robeco Schweiz AG grew its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,046 shares of the semiconductor company's stock after buying an additional 5,819 shares during the quarter. Monolithic Power Systems makes up about 1.7% of Robeco Schweiz AG's investment portfolio, making the stock its 21st largest holding. Robeco Schweiz AG owned approximately 0.24% of Monolithic Power Systems worth $67,304,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MPWR. Norges Bank bought a new position in shares of Monolithic Power Systems during the 4th quarter valued at $493,807,000. GAMMA Investing LLC increased its position in Monolithic Power Systems by 76,432.3% during the first quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company's stock worth $451,418,000 after buying an additional 777,316 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Monolithic Power Systems by 16.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock valued at $904,297,000 after buying an additional 214,395 shares in the last quarter. Siemens Fonds Invest GmbH lifted its position in shares of Monolithic Power Systems by 18,567.3% in the fourth quarter. Siemens Fonds Invest GmbH now owns 200,487 shares of the semiconductor company's stock worth $118,628,000 after buying an additional 199,413 shares during the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Monolithic Power Systems during the 4th quarter valued at about $113,547,000. Institutional investors own 93.46% of the company's stock.

Insider Buying and Selling

In other news, CFO Theodore Blegen sold 6,000 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the completion of the sale, the chief financial officer owned 46,939 shares in the company, valued at $35,204,250. The trade was a 11.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $698.00, for a total value of $69,800.00. Following the completion of the sale, the director owned 676 shares of the company's stock, valued at approximately $471,848. The trade was a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,200 shares of company stock worth $13,046,800 in the last quarter. Insiders own 3.40% of the company's stock.

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their target price on Monolithic Power Systems from $665.00 to $695.00 and gave the stock an "equal weight" rating in a research report on Monday, June 16th. Oppenheimer reaffirmed an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, March 21st. Citigroup raised their target price on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. TD Cowen boosted their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, KeyCorp upped their price target on shares of Monolithic Power Systems from $820.00 to $940.00 and gave the company an "overweight" rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $799.42.

Monolithic Power Systems Stock Down 0.6%

MPWR traded down $4.39 during midday trading on Friday, reaching $736.06. 383,148 shares of the company's stock were exchanged, compared to its average volume of 804,600. The business has a 50-day simple moving average of $701.64 and a two-hundred day simple moving average of $638.14. The firm has a market capitalization of $35.24 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 2.94 and a beta of 1.20. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.00 by $0.04. The business had revenue of $637.55 million for the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. The firm's quarterly revenue was up 39.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.81 EPS. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Monday, June 30th. Monolithic Power Systems's dividend payout ratio is currently 16.56%.

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.