Resona Asset Management Co. Ltd. Has $66.94 Million Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Resona Asset Management Co. Ltd. trimmed its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 14.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,148 shares of the semiconductor company’s stock after selling 8,559 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Monolithic Power Systems were worth $66,944,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MPWR. IFP Advisors Inc grew its holdings in Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares during the last quarter. Covestor Ltd raised its stake in shares of Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 9 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of Monolithic Power Systems by 233.3% in the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 28 shares during the last quarter. Greenline Wealth Management LLC acquired a new position in shares of Monolithic Power Systems during the fourth quarter worth approximately $38,000. Finally, Essential Partners LLC lifted its position in shares of Monolithic Power Systems by 30.3% during the first quarter. Essential Partners LLC now owns 43 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 10 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Raymond James Financial reissued an “outperform” rating on shares of Monolithic Power Systems in a research note on Wednesday. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. Wall Street Zen upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. KeyCorp lifted 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 note on Friday, July 31st. Finally, Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,705.82.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Saria Tseng sold 7,565 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the transaction, the executive vice president owned 144,218 shares of the company’s stock, valued at $245,170,600. This represents a 4.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 50 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total value of $71,000.00. Following the completion of the transaction, the director owned 565 shares in the company, valued at $802,300. This represents a 8.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 13,191 shares of company stock worth $21,807,015. 3.60% of the stock is currently owned by insiders.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $1,362.55 on Friday. Monolithic Power Systems, Inc. has a one year low of $800.97 and a one year high of $1,714.09. The company has a 50 day moving average of $1,396.06 and a 200-day moving average of $1,338.29. The stock has a market cap of $66.96 billion, a price-to-earnings ratio of 83.54 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, beating the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The business had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. During the same period in the prior year, the business posted $4.21 earnings per share. Monolithic Power Systems’s revenue was up 47.6% compared to the same quarter last year. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given 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 payout ratio is presently 49.05%.

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.