Sumitomo Mitsui Trust Group Inc. Has $107.87 Million Holdings in Monolithic Power Systems, Inc. $MPWR

Key Points

• Sumitomo Mitsui Trust Group Inc. increased its stake in Monolithic Power Systems by 5.8% in Q4, now holding 119,015 shares — roughly 0.25% of the company — valued at about $107.87 million.
• Monolithic Power Systems beat quarterly estimates, reporting EPS of $4.79 vs. $4.74 expected and revenue of $751.16 million, up 20.8% year‑over‑year.
• The company raised its quarterly dividend to $2.00 (annualized $8.00), implying a 0.6% yield and a dividend payout ratio of 62.79%; the ex‑dividend date is March 31 and payment is April 15.

Sumitomo Mitsui Trust Group Inc. increased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,015 shares of the semiconductor company's stock after buying an additional 6,511 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Monolithic Power Systems worth $107,870,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. SJS Investment Consulting Inc. boosted its holdings in shares of Monolithic Power Systems by 2,700.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company's stock valued at $26,000 after buying an additional 27 shares during the last quarter. True Wealth Design LLC boosted its holdings in shares of Monolithic Power Systems by 61.1% in the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company's stock valued at $26,000 after buying an additional 11 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Monolithic Power Systems in the 4th quarter valued at approximately $34,000. Finally, IFP Advisors Inc boosted its holdings in shares of Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock valued at $35,000 after buying an additional 24 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Trading Up 1.4%

MPWR opened at $1,372.23 on Tuesday. Monolithic Power Systems, Inc. has a 1-year low of $496.40 and a 1-year high of $1,377.25. The stock's fifty day simple moving average is $1,142.18 and its 200 day simple moving average is $1,035.32. The stock has a market cap of $67.40 billion, a PE ratio of 107.71, a price-to-earnings-growth ratio of 3.43 and a beta of 1.48.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating analysts' consensus estimates of $4.74 by $0.05. The business had revenue of $751.16 million for the quarter, compared to analysts' expectations of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The firm's revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.09 EPS. Equities analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, March 31st. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.56. Monolithic Power Systems's dividend payout ratio (DPR) is 62.79%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MPWR. Stifel Nicolaus increased their price target on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a "buy" rating in a research note on Wednesday, February 4th. Weiss Ratings cut Monolithic Power Systems from a "buy (b-)" rating to a "hold (c)" rating in a research note on Monday, March 2nd. Truist Financial increased their price target on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a "buy" rating in a research note on Friday, February 6th. Needham & Company LLC increased their price target on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a "buy" rating in a research note on Friday, February 6th. Finally, Citigroup increased their price target on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a research note on Monday, February 9th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,218.42.

Insider Activity

In other Monolithic Power Systems news, Director Victor K. Lee sold 400 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $1,212.16, for a total transaction of $484,864.00. Following the transaction, the director owned 27,756 shares in the company, valued at $33,644,712.96. This trade represents a 1.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 22,875 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the transaction, the executive vice president owned 178,625 shares in the company, valued at $209,198,455. The trade was a 11.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 137,683 shares of company stock worth $158,138,447. Corporate insiders own 3.40% of the company's stock.

Monolithic Power Systems Company Profile

Monolithic Power Systems NASDAQ: MPWR is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS's product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.

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