Royal Bank of Canada Has $84.82 Million Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Key Points

• Royal Bank of Canada reduced its stake in Monolithic Power Systems, Inc. by 37.1% during the first quarter, selling 86,101 shares to hold approximately 0.31% of the company, valued at $84.8 million.
• Nomura Holdings Inc. increased its holdings in Monolithic Power Systems by 104.0% and several other hedge funds also significantly boosted their positions in the semiconductor company.
• Monolithic Power Systems reported better-than-expected quarterly earnings, with $4.21 earnings per share surpassing analysts' estimates, and announced a quarterly dividend of $1.56 per share.

Royal Bank of Canada cut its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 37.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,255 shares of the semiconductor company's stock after selling 86,101 shares during the quarter. Royal Bank of Canada owned approximately 0.31% of Monolithic Power Systems worth $84,824,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of MPWR. GAMMA Investing LLC increased its stake in shares of Monolithic Power Systems by 76,432.3% in the first quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company's stock worth $451,418,000 after acquiring an additional 777,316 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Monolithic Power Systems by 33.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,034,731 shares of the semiconductor company's stock worth $1,180,104,000 after buying an additional 506,430 shares during the last quarter. Siemens Fonds Invest GmbH increased its position in Monolithic Power Systems by 18,567.3% during 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. Ensign Peak Advisors Inc increased its position in Monolithic Power Systems by 121.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 337,078 shares of the semiconductor company's stock worth $199,449,000 after buying an additional 185,002 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Monolithic Power Systems during the first quarter worth $105,751,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR traded up $17.75 during mid-day trading on Friday, hitting $865.86. 491,519 shares of the stock were exchanged, compared to its average volume of 480,208. The company has a market cap of $41.47 billion, a P/E ratio of 22.55, a PEG ratio of 3.23 and a beta of 1.23. The stock's fifty day simple moving average is $784.36 and its two-hundred day simple moving average is $680.51. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $954.00.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.09. The company had revenue of $664.57 million during the quarter, compared to analyst estimates of $648.74 million. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The company's revenue was up 31.0% on a year-over-year basis. During the same quarter last year, the business posted $3.17 earnings per share. Monolithic Power Systems has set its Q3 2025 guidance at EPS. As a group, equities research 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $1.56 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems's dividend payout ratio (DPR) is presently 16.25%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 39,999 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $780.00, for a total value of $31,199,220.00. Following the transaction, the executive vice president directly owned 121,605 shares of the company's stock, valued at approximately $94,851,900. This trade represents a 24.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 6,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $750.00, for a total transaction 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. The trade was a 11.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,792 shares of company stock valued at $41,066,150. 3.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on MPWR. Oppenheimer reissued an "outperform" rating and set a $800.00 target price (up from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. KeyCorp upped their price target on shares of Monolithic Power Systems from $940.00 to $950.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Stifel Nicolaus upped 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. Citigroup restated a "buy" rating and set a $825.00 price target (up from $785.00) on shares of Monolithic Power Systems in a report on Monday, August 4th. Finally, Needham & Company LLC upped their price target on shares of Monolithic Power Systems from $800.00 to $820.00 and gave the company a "buy" rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $838.09.

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.