Fifth Third Bancorp Raises Position in Monolithic Power Systems, Inc. $MPWR

Fifth Third Bancorp grew its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 18.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,935 shares of the semiconductor company’s stock after acquiring an additional 2,314 shares during the period. Fifth Third Bancorp’s holdings in Monolithic Power Systems were worth $13,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Monolithic Power Systems in the second quarter worth about $438,014,000. JPMorgan Chase & Co. grew its stake in shares of Monolithic Power Systems by 36.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock valued at $626,592,000 after acquiring an additional 227,159 shares during the period. Rakuten Investment Management Inc. purchased a new stake in Monolithic Power Systems in the 3rd quarter worth approximately $197,260,000. Rafferty Asset Management LLC raised its stake in 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 acquiring an additional 140,269 shares during the period. Finally, Voya Investment Management LLC lifted its holdings in 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 purchasing an additional 131,177 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $1,171.47 on Tuesday. The business’s 50 day moving average price is $1,030.56 and its 200-day moving average price is $954.81. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,250.00. The company has a market cap of $56.13 billion, a P/E ratio of 91.95, a P/E/G ratio of 2.97 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.05. Monolithic Power Systems had a return on equity of 18.09% and a net margin of 22.07%.The company had revenue of $751.16 million during the quarter, compared to the consensus estimate of $741.69 million. During the same period last year, the company earned $4.09 earnings per share. Monolithic Power Systems’s revenue was up 20.8% on a year-over-year basis. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $2.00 dividend. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is currently 48.98%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Oppenheimer reissued an “outperform” rating and set a $1,300.00 price target on shares of Monolithic Power Systems in a report on Thursday, January 29th. Citigroup upped their price objective on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. KeyCorp lifted their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Finally, Rosenblatt Securities upped their target price on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $1,218.42.

Insider Buying and Selling

In other news, EVP Deming Xiao sold 22,875 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the transaction, the executive vice president owned 235,932 shares of the company’s stock, valued at approximately $276,314,121.12. This represents a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Victor K. Lee sold 400 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $1,212.16, for a total value of $484,864.00. Following the sale, the director directly owned 27,756 shares of the company’s stock, valued at $33,644,712.96. This represents a 1.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 160,726 shares of company stock worth $170,024,209 over the last three months. 3.40% of the stock is currently owned by company insiders.

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.