Riverview Trust Co Trims Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Riverview Trust Co decreased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 17.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 132 shares of the semiconductor company’s stock after selling 28 shares during the period. Riverview Trust Co’s holdings in Monolithic Power Systems were worth $122,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MPWR. BNP Paribas Financial Markets boosted its stake in Monolithic Power Systems by 95.1% during the first quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock valued at $206,712,000 after buying an additional 148,771 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Monolithic Power Systems by 311.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company’s stock valued at $153,319,000 after acquiring an additional 141,277 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Monolithic Power Systems by 1,947.1% during the second quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company’s stock worth $117,826,000 after purchasing an additional 136,391 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Monolithic Power Systems by 952.2% in the first quarter. SG Americas Securities LLC now owns 93,101 shares of the semiconductor company’s stock worth $63,068,000 after purchasing an additional 84,253 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in Monolithic Power Systems by 30.1% in the first quarter. Van ECK Associates Corp now owns 321,174 shares of the semiconductor company’s stock valued at $217,569,000 after purchasing an additional 74,287 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Activity

In related news, EVP Deming Xiao sold 10,000 shares of Monolithic Power Systems stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total value of $9,500,000.00. Following the sale, the executive vice president now owns 29,714 shares in the company, valued at $28,228,300. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 103,829 shares in the company, valued at $96,518,400.11. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Deming Xiao sold 10,000 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total value of $9,500,000.00. Following the sale, the executive vice president now owns 29,714 shares in the company, valued at $28,228,300. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,535 shares of company stock valued at $51,396,728. Company insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MPWR shares. Stifel Nicolaus boosted their price target on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Truist Financial restated a “buy” rating and set a $994.00 price target (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Raymond James upped their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Rosenblatt Securities raised their price objective on Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, KeyCorp upped their target price on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $959.90.

Monolithic Power Systems Stock Down 0.2 %

Shares of NASDAQ MPWR opened at $916.29 on Friday. The firm’s fifty day moving average is $902.98 and its 200 day moving average is $807.88. Monolithic Power Systems, Inc. has a 52 week low of $392.10 and a 52 week high of $959.64. The company has a market cap of $44.60 billion, a price-to-earnings ratio of 109.21, a PEG ratio of 4.33 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. The firm had revenue of $507.40 million for the quarter, compared to analysts’ expectations of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.05 earnings per share. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.55%. Monolithic Power Systems’s dividend payout ratio is currently 59.59%.

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.