Robeco Institutional Asset Management B.V. Buys 17,746 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Robeco Institutional Asset Management B.V. lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 86.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,333 shares of the semiconductor company’s stock after acquiring an additional 17,746 shares during the period. Robeco Institutional Asset Management B.V. owned 0.08% of Monolithic Power Systems worth $35,439,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Family Firm Inc. acquired a new position in shares of Monolithic Power Systems during the second quarter valued at about $25,000. NBC Securities Inc. raised its stake in Monolithic Power Systems by 433.3% during the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock worth $29,000 after buying an additional 26 shares during the period. Wolff Wiese Magana LLC grew its stake in Monolithic Power Systems by 3,400.0% in the third quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 34 shares during the period. Atwood & Palmer Inc. acquired a new stake in Monolithic Power Systems in the second quarter valued at approximately $33,000. Finally, Crewe Advisors LLC raised its position in shares of Monolithic Power Systems by 126.3% during the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares during the period. 93.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the completion of the transaction, the executive vice president now directly owns 103,829 shares of the company’s stock, valued at $96,518,400.11. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $929.59, for a total value of $10,225,490.00. Following the sale, the executive vice president now directly owns 103,829 shares in the company, valued at $96,518,400.11. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $772.96, for a total value of $1,932,400.00. Following the transaction, the chief financial officer now owns 56,678 shares of the company’s stock, valued at $43,809,826.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,136 shares of company stock worth $38,392,353. Insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Down 0.5 %

MPWR stock opened at $762.97 on Wednesday. The firm has a market cap of $37.20 billion, a PE ratio of 86.02, a P/E/G ratio of 3.53 and a beta of 1.15. The business has a 50 day moving average of $890.49 and a 200-day moving average of $827.12. Monolithic Power Systems, Inc. has a 12-month low of $480.43 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The business had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. On average, research analysts expect that Monolithic Power Systems, Inc. will post 10.36 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $1.25 per share. The ex-dividend date was Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.66%. Monolithic Power Systems’s payout ratio is currently 56.37%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MPWR. Rosenblatt Securities downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Needham & Company LLC decreased their target price on shares of Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. KeyCorp raised their price target on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Truist Financial reiterated a “buy” rating and set a $994.00 price target (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Finally, TD Cowen dropped their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $942.40.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial 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 cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.