XTX Topco Ltd Has $1.58 Million Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

XTX Topco Ltd boosted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 46.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,162 shares of the semiconductor company’s stock after purchasing an additional 998 shares during the period. Monolithic Power Systems accounts for approximately 0.3% of XTX Topco Ltd’s portfolio, making the stock its 17th biggest position. XTX Topco Ltd’s holdings in Monolithic Power Systems were worth $1,583,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Monolithic Power Systems by 109.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,651,445 shares of the semiconductor company’s stock worth $1,291,187,000 after buying an additional 1,907,764 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of Monolithic Power Systems by 140,338.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,023,797 shares of the semiconductor company’s stock worth $362,025,000 after buying an additional 1,023,068 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Monolithic Power Systems by 516.1% in the first quarter. Envestnet Asset Management Inc. now owns 876,025 shares of the semiconductor company’s stock worth $69,441,000 after buying an additional 733,832 shares during the last quarter. Norges Bank acquired a new stake in shares of Monolithic Power Systems in the fourth quarter worth about $150,233,000. Finally, FMR LLC lifted its position in shares of Monolithic Power Systems by 20.0% in the first quarter. FMR LLC now owns 1,757,149 shares of the semiconductor company’s stock worth $879,524,000 after buying an additional 293,326 shares during the last quarter. Institutional investors and hedge funds own 96.52% of the company’s stock.

Insider Buying and Selling

In related news, CFO Theodore Blegen sold 905 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $537.79, for a total transaction of $486,699.95. Following the sale, the chief financial officer now directly owns 131,496 shares in the company, valued at approximately $70,717,233.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Monolithic Power Systems news, CEO Michael Hsing sold 10,960 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $537.79, for a total transaction of $5,894,178.40. Following the transaction, the chief executive officer now owns 1,049,447 shares of the company’s stock, valued at approximately $564,382,102.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Theodore Blegen sold 905 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $537.79, for a total value of $486,699.95. Following the transaction, the chief financial officer now directly owns 131,496 shares in the company, valued at approximately $70,717,233.84. The disclosure for this sale can be found here. Insiders have sold a total of 82,637 shares of company stock worth $44,126,502 in the last three months. Insiders own 3.20% of the company’s stock.

Monolithic Power Systems Trading Down 1.0 %

MPWR stock opened at $500.87 on Friday. The firm has a market cap of $23.94 billion, a P/E ratio of 53.74, a P/E/G ratio of 3.16 and a beta of 1.13. Monolithic Power Systems, Inc. has a 1-year low of $301.69 and a 1-year high of $595.98. The business’s 50 day moving average is $528.05 and its 200-day moving average is $497.24.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Monday, July 31st. The semiconductor company reported $2.05 EPS for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.11). The business had revenue of $441.13 million for the quarter, compared to the consensus estimate of $440.46 million. Monolithic Power Systems had a return on equity of 26.80% and a net margin of 24.50%. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 9.13 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $4.00 dividend on an annualized basis and a yield of 0.80%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 42.92%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MPWR. Truist Financial boosted their price target on Monolithic Power Systems from $527.00 to $600.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Oppenheimer boosted their price objective on Monolithic Power Systems from $475.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Rosenblatt Securities boosted their price objective on Monolithic Power Systems from $540.00 to $580.00 in a research report on Tuesday, August 1st. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $500.00 to $575.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Finally, StockNews.com initiated coverage on Monolithic Power Systems in a research report on Thursday, August 17th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $553.46.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.