Citizens Financial Group Inc. RI Invests $1.66 Million in Monolithic Power Systems, Inc. $MPWR

Citizens Financial Group Inc. RI bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,201 shares of the semiconductor company’s stock, valued at approximately $1,661,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Monolithic Power Systems by 46.0% during the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after buying an additional 200 shares during the last quarter. Empowered Funds LLC grew its position in shares of Monolithic Power Systems by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after buying an additional 161 shares during the last quarter. NewEdge Advisors LLC raised its stake in Monolithic Power Systems by 3.5% during the 2nd quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock worth $6,863,000 after acquiring an additional 314 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in Monolithic Power Systems by 35.2% during the 2nd quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock worth $26,175,000 after acquiring an additional 9,315 shares in the last quarter. Finally, Globeflex Capital L P acquired a new stake in Monolithic Power Systems during the 2nd quarter worth $347,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the transaction, the executive vice president owned 1,119 shares in the company, valued at $1,503,868.86. The trade was a 2.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jeff Zhou sold 486 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total value of $816,480.00. Following the completion of the transaction, the director owned 3,800 shares in the company, valued at $6,384,000. This trade represents a 11.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 13,191 shares of company stock worth $21,807,015. Corporate insiders own 3.60% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $1,333.18 on Wednesday. The stock has a market cap of $65.51 billion, a P/E ratio of 81.74 and a beta of 1.69. The firm has a fifty day moving average price of $1,387.64 and a 200 day moving average price of $1,344.11. Monolithic Power Systems, Inc. has a 1-year low of $800.97 and a 1-year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.63. The company had revenue of $980.64 million for the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. Monolithic Power Systems’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same period last year, the firm posted $4.21 EPS. Sell-side analysts expect that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $2.00 per share. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is 49.05%.

Analysts Set New Price Targets

Several equities analysts have issued reports on MPWR shares. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. Wells Fargo & Company lifted their target price on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Rosenblatt Securities reissued a “neutral” rating and issued a $1,575.00 target price on shares of Monolithic Power Systems in a report on Friday, July 31st. KeyCorp upped their target price on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Truist Financial raised their price target on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,705.82.

Monolithic Power Systems 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.