Rakuten Securities Inc. Boosts Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Rakuten Securities Inc. grew its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 410.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51 shares of the semiconductor company’s stock after acquiring an additional 41 shares during the quarter. Rakuten Securities Inc.’s holdings in Monolithic Power Systems were worth $47,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Monolithic Power Systems by 1.0% in the first quarter. Vanguard Group Inc. now owns 5,519,940 shares of the semiconductor company’s stock worth $3,739,318,000 after buying an additional 55,874 shares during the period. Van ECK Associates Corp increased its stake in Monolithic Power Systems by 26.3% in the third quarter. Van ECK Associates Corp now owns 447,823 shares of the semiconductor company’s stock worth $395,715,000 after purchasing an additional 93,362 shares during the period. Earnest Partners LLC lifted its position in shares of Monolithic Power Systems by 5.2% during the first quarter. Earnest Partners LLC now owns 290,876 shares of the semiconductor company’s stock worth $197,045,000 after purchasing an additional 14,327 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Monolithic Power Systems by 14.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 275,979 shares of the semiconductor company’s stock worth $226,767,000 after purchasing an additional 34,557 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Monolithic Power Systems by 0.5% during the second quarter. American Century Companies Inc. now owns 235,508 shares of the semiconductor company’s stock valued at $193,513,000 after purchasing an additional 1,262 shares during the period. Institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Deming Xiao sold 9,259 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total value of $8,796,050.00. Following the sale, the executive vice president now owns 20,455 shares in the company, valued at $19,432,250. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Deming Xiao sold 9,259 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the sale, the executive vice president now directly owns 20,455 shares of the company’s stock, valued at approximately $19,432,250. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total transaction of $2,270,900.00. Following the sale, the chief financial officer now owns 59,178 shares in the company, valued at approximately $53,754,928.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,759 shares of company stock valued at $34,985,340. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Trading Down 0.5 %

Shares of Monolithic Power Systems stock opened at $644.10 on Wednesday. The firm’s 50 day simple moving average is $871.40 and its two-hundred day simple moving average is $830.09. The firm has a market capitalization of $31.42 billion, a price-to-earnings ratio of 72.62, a PEG ratio of 3.08 and a beta of 1.15. Monolithic Power Systems, Inc. has a 12-month low of $500.54 and a 12-month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The firm had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. On average, sell-side analysts predict that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s payout ratio is 56.37%.

Analyst Ratings Changes

A number of equities analysts have recently commented on MPWR shares. Loop Capital assumed coverage on shares of Monolithic Power Systems in a research report on Monday. They set a “hold” rating and a $660.00 target price on the stock. Needham & Company LLC restated a “buy” rating and set a $950.00 price objective on shares of Monolithic Power Systems in a report on Tuesday. TD Cowen lowered their target price on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Rosenblatt Securities lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Raymond James lifted their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $916.73.

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.