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

Robeco Schweiz AG raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 5.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 116,046 shares of the semiconductor company's stock after acquiring an additional 5,819 shares during the period. Monolithic Power Systems comprises about 1.7% of Robeco Schweiz AG's investment portfolio, making the stock its 21st largest holding. Robeco Schweiz AG owned about 0.24% of Monolithic Power Systems worth $67,304,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cerity Partners LLC boosted its position in shares of Monolithic Power Systems by 29.6% during the first quarter. Cerity Partners LLC now owns 4,743 shares of the semiconductor company's stock worth $2,751,000 after buying an additional 1,083 shares during the period. Alps Advisors Inc. raised its holdings in Monolithic Power Systems by 40.4% during the first quarter. Alps Advisors Inc. now owns 556 shares of the semiconductor company's stock worth $322,000 after acquiring an additional 160 shares in the last quarter. Allworth Financial LP boosted its position in Monolithic Power Systems by 21.9% during the first quarter. Allworth Financial LP now owns 189 shares of the semiconductor company's stock valued at $110,000 after purchasing an additional 34 shares during the last quarter. Bridges Investment Management Inc. acquired a new position in Monolithic Power Systems during the first quarter valued at approximately $201,000. Finally, Linden Thomas Advisory Services LLC boosted its position in Monolithic Power Systems by 3.1% during the first quarter. Linden Thomas Advisory Services LLC now owns 4,121 shares of the semiconductor company's stock valued at $2,390,000 after purchasing an additional 124 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Theodore Blegen sold 6,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total value of $4,500,000.00. Following the completion of the transaction, the chief financial officer directly owned 46,939 shares in the company, valued at approximately $35,204,250. This represents a 11.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $701.00, for a total value of $8,412,000.00. Following the completion of the transaction, the executive vice president owned 4,015 shares of the company's stock, valued at $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,200 shares of company stock worth $13,046,800. Insiders own 3.40% of the company's stock.

Wall Street Analysts Forecast Growth

MPWR has been the subject of several recent research reports. Needham & Company LLC reissued a "buy" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Rosenblatt Securities restated a "neutral" rating and issued a $644.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 2nd. KeyCorp upped their price objective on Monolithic Power Systems from $820.00 to $940.00 and gave the company an "overweight" rating in a research note on Tuesday. Wells Fargo & Company upped their price objective on Monolithic Power Systems from $665.00 to $695.00 and gave the company an "equal weight" rating in a research note on Monday, June 16th. Finally, Citigroup increased their target price on Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $799.42.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $740.45 on Friday. The business's 50 day simple moving average is $699.65 and its 200 day simple moving average is $637.34. The company has a market capitalization of $35.45 billion, a P/E ratio of 19.66, a P/E/G ratio of 2.98 and a beta of 1.20. 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 issued its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating analysts' consensus estimates of $4.00 by $0.04. The firm had revenue of $637.55 million for the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The company's revenue was up 39.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.81 EPS. On average, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Monday, June 30th. Monolithic Power Systems's payout ratio is 16.56%.

Monolithic Power Systems 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.

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