Monolithic Power Systems, Inc. $MPWR Stock Position Boosted by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co raised its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 13.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,390 shares of the semiconductor company’s stock after acquiring an additional 640 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Monolithic Power Systems were worth $7,262,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MPWR. BlackRock Inc. bought a new stake in shares of Monolithic Power Systems in the second quarter worth $7,727,289,000. State Street Corp increased its holdings in Monolithic Power Systems by 4.3% in the second quarter. State Street Corp now owns 2,282,186 shares of the semiconductor company’s stock valued at $3,159,219,000 after purchasing an additional 93,732 shares during the period. Van ECK Associates Corp raised its position in Monolithic Power Systems by 42.3% during the 2nd quarter. Van ECK Associates Corp now owns 746,237 shares of the semiconductor company’s stock worth $1,031,568,000 after purchasing an additional 221,666 shares during the last quarter. Bank of America Corp DE bought a new position in Monolithic Power Systems during the 2nd quarter worth $741,271,000. Finally, Royal Bank of Canada lifted its holdings in Monolithic Power Systems by 168.1% during the 1st quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock worth $517,557,000 after buying an additional 296,788 shares during the period. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 1.0%

MPWR stock opened at $1,198.81 on Friday. The firm has a market cap of $58.91 billion, a price-to-earnings ratio of 72.53 and a beta of 1.68. Monolithic Power Systems, Inc. has a 12-month low of $833.18 and a 12-month high of $1,714.09. The company’s fifty day simple moving average is $1,276.68 and its 200 day simple moving average is $1,309.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, October 29th. The semiconductor company reported $8.19 earnings per share for the quarter, topping analysts’ consensus estimates of $7.79 by $0.40. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the business posted $4.73 EPS. The business’s revenue was up 63.1% compared to the same quarter last year. Research analysts expect that Monolithic Power Systems, Inc. will post 23.95 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $2.00 per share. The ex-dividend date was Wednesday, September 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is presently 49.05%.

Analyst Upgrades and Downgrades

A number of research firms have commented on MPWR. Raymond James Financial reiterated an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. Zacks Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Arete Research assumed coverage on Monolithic Power Systems in a research note on Thursday, August 20th. They issued a “buy” rating and a $2,013.00 price objective on the stock. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $1,575.00 price objective on shares of Monolithic Power Systems in a research note on Friday, July 31st. Finally, 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 report on Friday, July 31st. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus target price of $1,692.64.

Key Monolithic Power Systems News

Here are the key news stories impacting Monolithic Power Systems this week:

• Positive Sentiment: Q3 results exceeded expectations: Adjusted earnings were $8.19 per share, above the roughly $7.79–$7.80 consensus, while revenue reached $1.20 billion versus estimates of about $1.16 billion. Revenue increased 63.1% year over year, and earnings rose substantially from $4.73 per share in the prior-year quarter. Monolithic Power Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Operating trends improved: Reports highlighted improving inventory levels, a development that could support cash flow and reduce supply-chain concerns. The earnings beat and strong year-over-year growth reinforce demand for MPS’s power-management semiconductor products. Monolithic Power Systems delivers impressive Q3, inventory levels improve

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction that occurred on 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 directly owned 1,119 shares of the company’s stock, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the transaction, the director owned 515 shares in the company, valued at $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 130 shares of company stock valued at $175,397 in the last ninety days. 3.60% of the stock is currently owned by insiders.

About Monolithic Power Systems

Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help regulate, convert, distribute and control electrical power in electronic systems, supporting applications that require efficient and reliable power delivery.

The company’s portfolio includes integrated circuits, power modules, battery-management products, motor drivers, LED drivers and related analog and mixed-signal semiconductor solutions.