7,026 Monolithic Power Systems, Inc. $MPWR Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG trimmed its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.3% in the third quarter, HoldingsChannel.com reports. The firm owned 89,007 shares of the semiconductor company’s stock after selling 7,026 shares during the quarter. Monolithic Power Systems comprises about 2.2% of Robeco Schweiz AG’s investment portfolio, making the stock its 11th largest holding. Robeco Schweiz AG’s holdings in Monolithic Power Systems were worth $119,912,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Monolithic Power Systems during the second quarter worth approximately $7,727,289,000. State Street Corp lifted its position in shares of Monolithic Power Systems by 4.3% during the 2nd quarter. State Street Corp now owns 2,282,186 shares of the semiconductor company’s stock worth $3,159,219,000 after buying an additional 93,732 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Monolithic Power Systems by 42.3% in the 2nd quarter. Van ECK Associates Corp now owns 746,237 shares of the semiconductor company’s stock valued at $1,031,568,000 after buying an additional 221,666 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Monolithic Power Systems in the 2nd quarter valued at $741,271,000. Finally, Royal Bank of Canada boosted its holdings in shares of Monolithic Power Systems by 168.1% in the 1st quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock valued at $517,557,000 after buying an additional 296,788 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In related news, Director Kuo Wei Chang sold 50 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the completion of the sale, the director owned 515 shares in the company, valued at $660,008.55. This represents a 8.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the sale, the executive vice president owned 1,119 shares of the company’s stock, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 130 shares of company stock valued at $175,397. 3.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MPWR has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their target price on shares of Monolithic Power Systems from $1,800.00 to $1,550.00 and set an “overweight” rating on the stock in a research report on Tuesday. Arete Research began coverage on shares of Monolithic Power Systems in a research report on Thursday, August 20th. They issued a “buy” rating and a $2,013.00 price target for the company. Wall Street Zen upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Sunday. Needham & Company LLC upped their price objective on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Oppenheimer dropped their price objective on Monolithic Power Systems from $1,700.00 to $1,500.00 and set an “outperform” rating on the stock in a report on Friday. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,692.64.

Monolithic Power Systems Trading Down 2.4%

Shares of NASDAQ MPWR opened at $1,140.12 on Friday. Monolithic Power Systems, Inc. has a twelve month low of $833.18 and a twelve month high of $1,714.09. The stock has a 50 day moving average of $1,286.36 and a two-hundred day moving average of $1,395.71. The stock has a market cap of $56.03 billion, a P/E ratio of 69.90 and a beta of 1.68.

Monolithic Power Systems (NASDAQ:MPWR) last posted 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. The business had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%. The company’s revenue was up 47.6% compared to the same quarter last year. During the same period in the prior year, the company earned $4.21 earnings per share. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 23.95 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a $2.00 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $8.00 annualized dividend and a yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is 49.05%.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help regulate, convert, distribute and control electrical power in electronic systems, supporting applications that require efficient and reliable power delivery.

The company’s portfolio includes integrated circuits, power modules, battery-management products, motor drivers, LED drivers and related analog and mixed-signal semiconductor solutions.