Robeco Institutional Asset Management B.V. Has $5.79 Million Stake in Monolithic Power Systems, Inc. $MPWR

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 6,293 shares of the semiconductor company’s stock after selling 541 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Monolithic Power Systems were worth $5,794,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPWR. Norges Bank bought a new stake in shares of Monolithic Power Systems in the second quarter valued at approximately $438,014,000. JPMorgan Chase & Co. boosted its holdings in Monolithic Power Systems by 36.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock valued at $626,592,000 after purchasing an additional 227,159 shares during the period. Rafferty Asset Management LLC increased its holdings in shares of Monolithic Power Systems by 36.1% during the 2nd quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock worth $386,991,000 after purchasing an additional 140,269 shares during the period. Voya Investment Management LLC raised its position in shares of Monolithic Power Systems by 57.5% during the third quarter. Voya Investment Management LLC now owns 359,312 shares of the semiconductor company’s stock valued at $330,797,000 after buying an additional 131,177 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Monolithic Power Systems by 18.0% in the second quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock valued at $506,661,000 after buying an additional 105,721 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity

In other news, EVP Maurice Sciammas sold 27,966 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $881.66, for a total value of $24,656,503.56. Following the transaction, the executive vice president directly owned 148,306 shares of the company’s stock, valued at $130,755,467.96. The trade was a 15.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Blegen sold 3,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $1,024.43, for a total value of $3,073,290.00. Following the sale, the chief financial officer directly owned 74,332 shares of the company’s stock, valued at $76,147,930.76. This represents a 3.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 88,116 shares of company stock worth $81,923,621. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $958.97 on Friday. The firm has a market capitalization of $45.94 billion, a P/E ratio of 24.49, a P/E/G ratio of 2.72 and a beta of 1.45. The stock has a fifty day moving average price of $940.55 and a two-hundred day moving average price of $885.03. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, October 30th. The semiconductor company reported $4.73 EPS for the quarter, beating the consensus estimate of $4.62 by $0.11. The company had revenue of $737.18 million for the quarter, compared to the consensus estimate of $720.66 million. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.06 EPS. On average, equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $1.56 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $6.24 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 15.93%.

Analysts Set New Price Targets

Several research firms have commented on MPWR. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Monolithic Power Systems in a report on Friday, December 26th. Wolfe Research set a $1,200.00 price objective on Monolithic Power Systems and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Stifel Nicolaus raised their target price on Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Rosenblatt Securities lifted their price target on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Finally, TD Cowen increased their price objective on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,074.58.

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.