Synovus Financial Corp Boosts Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Key Points

• Synovus Financial Corp increased its stake in Monolithic Power Systems by 37.9%, owning 6,053 shares valued at approximately $3.5 million.
• Monolithic Power Systems reported revenues of $664.57 million for the quarter, surpassing expectations and achieving a 31% increase year-over-year.
• The semiconductor company plans to issue a quarterly dividend of $1.56, resulting in an annual yield of 0.7% based on its current valuation.

Synovus Financial Corp grew its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 37.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,053 shares of the semiconductor company's stock after buying an additional 1,665 shares during the quarter. Synovus Financial Corp's holdings in Monolithic Power Systems were worth $3,511,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in MPWR. GAMMA Investing LLC grew its holdings in shares of 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 valued at $451,418,000 after buying an additional 777,316 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 valued at $1,180,104,000 after buying an additional 506,430 shares during the last quarter. Siemens Fonds Invest GmbH grew its holdings in shares of 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 valued at $118,628,000 after buying an additional 199,413 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in Monolithic Power Systems in the fourth quarter worth approximately $113,547,000. Finally, Ensign Peak Advisors Inc boosted its holdings in Monolithic Power Systems by 121.7% in the fourth quarter. Ensign Peak Advisors Inc now owns 337,078 shares of the semiconductor company's stock worth $199,449,000 after purchasing an additional 185,002 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Stock Down 2.6%

MPWR traded down $22.70 during trading on Friday, hitting $835.76. The company's stock had a trading volume of 568,918 shares, compared to its average volume of 581,778. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The firm has a market cap of $40.02 billion, a PE ratio of 21.76, a P/E/G ratio of 3.11 and a beta of 1.23. The business's 50 day simple moving average is $772.40 and its 200-day simple moving average is $675.15.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results 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. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The business had revenue of $664.57 million for the quarter, compared to the consensus estimate of $648.74 million. During the same period last year, the firm earned $3.17 earnings per share. The company's quarterly revenue was up 31.0% on a year-over-year basis. Monolithic Power Systems has set its Q3 2025 guidance at EPS. Equities research analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

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

Insiders Place Their Bets

In other news, CFO Theodore Blegen sold 6,000 shares of the firm's stock in a transaction 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 sale, the chief financial officer directly owned 46,939 shares in the company, valued at $35,204,250. This trade represents a 11.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Deming Xiao sold 39,999 shares of Monolithic Power Systems stock in a transaction on Friday, August 1st. The shares were sold at an average price of $780.00, for a total transaction of $31,199,220.00. Following the transaction, the executive vice president owned 121,605 shares in the company, valued at approximately $94,851,900. This trade represents a 24.75% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,792 shares of company stock worth $38,623,130. Company insiders own 3.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Rosenblatt Securities restated a "neutral" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, August 1st. Oppenheimer restated an "outperform" rating and issued a $800.00 target price (up previously from $700.00) on shares of Monolithic Power Systems in a report on Tuesday, July 15th. KeyCorp raised their target price on shares of Monolithic Power Systems from $940.00 to $950.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Loop Capital raised their target price on shares of Monolithic Power Systems from $760.00 to $800.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, William Blair upgraded shares of Monolithic Power Systems to a "strong-buy" rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $838.09.

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.