T. Rowe Price Investment Management Inc. Has $182.38 Million Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Monolithic Power Systems by 70.8%, acquiring an additional 130,394 shares, bringing their total ownership to approximately 314,449 shares valued at $182.4 million.
• Monolithic Power Systems reported $4.21 earnings per share for the last quarter, exceeding expectations and posting a 31% year-over-year revenue increase to $664.57 million.
• The company declared a quarterly dividend of $1.56 per share, resulting in an annualized yield of 0.8%, while insiders have recently sold a total of approximately $38.5 million in shares.

T. Rowe Price Investment Management Inc. raised its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 70.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 314,449 shares of the semiconductor company's stock after acquiring an additional 130,394 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 0.66% of Monolithic Power Systems worth $182,375,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MPWR. Brighton Jones LLC lifted its stake in Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock valued at $376,000 after acquiring an additional 200 shares during the last quarter. GeoWealth Management LLC lifted its stake in Monolithic Power Systems by 73.9% in the fourth quarter. GeoWealth Management LLC now owns 287 shares of the semiconductor company's stock valued at $170,000 after acquiring an additional 122 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Monolithic Power Systems by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 159,587 shares of the semiconductor company's stock valued at $94,440,000 after acquiring an additional 10,761 shares during the last quarter. MML Investors Services LLC lifted its stake in Monolithic Power Systems by 1.7% in the fourth quarter. MML Investors Services LLC now owns 7,554 shares of the semiconductor company's stock valued at $4,470,000 after acquiring an additional 123 shares during the last quarter. Finally, State of Tennessee Department of Treasury lifted its stake in Monolithic Power Systems by 1.7% in the fourth quarter. State of Tennessee Department of Treasury now owns 11,845 shares of the semiconductor company's stock valued at $7,009,000 after acquiring an additional 197 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. William Blair raised shares of Monolithic Power Systems to a "strong-buy" rating in a research report on Wednesday, August 13th. Oppenheimer reissued an "outperform" rating and issued a $800.00 price objective (up from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. TD Cowen increased their price objective on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Loop Capital increased their price objective on shares of Monolithic Power Systems from $760.00 to $800.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, Needham & Company LLC increased their target price on Monolithic Power Systems from $800.00 to $820.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $838.09.

Insider Activity

In other news, Director Jeff Zhou sold 400 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $850.00, for a total value of $340,000.00. Following the completion of the transaction, the director directly owned 5,804 shares in the company, valued at approximately $4,933,400. The trade was a 6.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 6,000 shares of the business'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 owned 46,939 shares of the company's stock, valued at $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. In the last ninety days, insiders sold 49,599 shares of company stock worth $38,455,220. 3.40% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock traded down $3.2780 during midday trading on Monday, hitting $840.7220. The company's stock had a trading volume of 201,344 shares, compared to its average volume of 799,720. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The company has a 50-day moving average price of $756.82 and a two-hundred day moving average price of $670.08. The company has a market cap of $40.26 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 3.14 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued 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. 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 during the quarter, compared to analysts' expectations of $648.74 million. During the same quarter in the previous year, the company earned $3.17 EPS. The business's revenue was up 31.0% on a year-over-year basis. Monolithic Power Systems has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders 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 dividend yield of 0.7%. Monolithic Power Systems's payout ratio is presently 16.25%.

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.