The Manufacturers Life Insurance Company Decreases Stock Holdings in Monolithic Power Systems, Inc. $MPWR

The Manufacturers Life Insurance Company lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 49,654 shares of the semiconductor company’s stock after selling 4,179 shares during the period. The Manufacturers Life Insurance Company’s holdings in Monolithic Power Systems were worth $54,289,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Corient Private Wealth LLC grew its stake in shares of Monolithic Power Systems by 3,719.6% in the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock worth $1,855,476,000 after acquiring an additional 1,993,576 shares during the period. Norges Bank bought a new position in Monolithic Power Systems during the fourth quarter valued at approximately $658,656,000. Invesco Ltd. boosted its holdings in Monolithic Power Systems by 25.9% in the fourth quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock worth $1,300,345,000 after purchasing an additional 295,556 shares during the last quarter. First Trust Advisors LP grew its position in Monolithic Power Systems by 56.6% in the 4th quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company’s stock worth $635,770,000 after purchasing an additional 253,653 shares during the period. Finally, Barclays PLC grew its position in Monolithic Power Systems by 67.0% in the 4th quarter. Barclays PLC now owns 604,802 shares of the semiconductor company’s stock worth $548,168,000 after purchasing an additional 242,740 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. KeyCorp boosted their target price on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Oppenheimer set a $1,700.00 target price on Monolithic Power Systems in a report on Friday, May 1st. Finally, Wells Fargo & Company dropped their target price on Monolithic Power Systems from $1,860.00 to $1,700.00 and set an “overweight” rating on the stock in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,657.27.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Deming Xiao sold 30,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the completion of the sale, the executive vice president owned 205,959 shares in the company, valued at $340,769,463.45. This represents a 12.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Saria Tseng sold 7,565 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president owned 144,218 shares of the company’s stock, valued at approximately $245,170,600. The trade was a 4.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 69,370 shares of company stock worth $112,702,503 in the last quarter. Company insiders own 3.60% of the company’s stock.

Monolithic Power Systems Trading Down 2.5%

Shares of MPWR stock opened at $1,249.95 on Thursday. Monolithic Power Systems, Inc. has a 12 month low of $706.00 and a 12 month high of $1,714.09. The stock has a market cap of $61.41 billion, a P/E ratio of 90.12 and a beta of 1.71. The company has a 50 day simple moving average of $1,448.73 and a two-hundred day simple moving average of $1,310.96.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. During the same quarter last year, the company posted $4.04 EPS. The company’s revenue was up 26.1% compared to the same quarter last year. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 20.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 57.68%.

About Monolithic Power Systems

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.