Sumitomo Mitsui Trust Holdings Inc. Increases Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 109,763 shares of the semiconductor company’s stock after purchasing an additional 417 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.23% of Monolithic Power Systems worth $69,236,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MPWR. Private Advisor Group LLC lifted its stake in Monolithic Power Systems by 31.3% during the 1st quarter. Private Advisor Group LLC now owns 1,383 shares of the semiconductor company’s stock valued at $672,000 after acquiring an additional 330 shares during the period. Raymond James Trust N.A. lifted its stake in Monolithic Power Systems by 5.4% during the 1st quarter. Raymond James Trust N.A. now owns 1,916 shares of the semiconductor company’s stock valued at $930,000 after acquiring an additional 99 shares during the period. Cibc World Market Inc. lifted its stake in Monolithic Power Systems by 1,624.0% during the 1st quarter. Cibc World Market Inc. now owns 7,189 shares of the semiconductor company’s stock valued at $3,492,000 after acquiring an additional 6,772 shares during the period. Blair William & Co. IL lifted its stake in Monolithic Power Systems by 9.3% during the 1st quarter. Blair William & Co. IL now owns 10,335 shares of the semiconductor company’s stock valued at $5,019,000 after acquiring an additional 883 shares during the period. Finally, Prudential PLC bought a new position in Monolithic Power Systems during the 1st quarter valued at about $439,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $681.83, for a total value of $7,500,130.00. Following the transaction, the executive vice president now owns 130,744 shares in the company, valued at $89,145,181.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Monolithic Power Systems news, Director Jeff Zhou sold 200 shares of Monolithic Power Systems stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $750.57, for a total value of $150,114.00. Following the transaction, the director now owns 6,269 shares in the company, valued at $4,705,323.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $681.83, for a total value of $7,500,130.00. Following the completion of the transaction, the executive vice president now owns 130,744 shares in the company, valued at approximately $89,145,181.52. The disclosure for this sale can be found here. Insiders sold 45,077 shares of company stock worth $30,357,479 over the last three months. 3.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. KeyCorp upped their target price on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. TD Cowen raised their price target on Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Rosenblatt Securities raised their price target on Monolithic Power Systems from $550.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, December 26th. Oppenheimer lifted their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus lifted their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $670.30.

Monolithic Power Systems Price Performance

MPWR stock opened at $637.72 on Thursday. The business has a 50-day moving average price of $697.55 and a 200 day moving average price of $601.37. The company has a market capitalization of $31.03 billion, a P/E ratio of 72.80, a PEG ratio of 3.51 and a beta of 1.24. Monolithic Power Systems, Inc. has a 1-year low of $383.19 and a 1-year high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.17). The firm had revenue of $454.01 million during the quarter, compared to the consensus estimate of $452.13 million. Monolithic Power Systems had a net margin of 23.47% and a return on equity of 22.66%. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 10.05 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $1.25 dividend. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.00. This represents a $5.00 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Wednesday, March 27th. Monolithic Power Systems’s payout ratio is presently 57.08%.

Monolithic Power Systems 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.