Skandinaviska Enskilda Banken AB publ increases stock position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

VaselineSeptember 21, 2024

0 5 minutes read

Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 106.8% during the second quarter, Holdings Channel.com reports. The firm owned 23,651 shares of the semiconductor company’s stock after purchasing an additional 12,214 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Monolithic Power Systems were worth $19,420,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have recently made changes to their positions in MPWR. Gilbert & Cook Inc. grew its position in shares of Monolithic Power Systems by 8.6% during the 4th quarter. Gilbert & Cook Inc. now owns 1,608 shares of the semiconductor company’s stock valued at $1,014,000 after buying an additional 127 shares during the last quarter. Avantax Advisory Services Inc. purchased a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $416,000. Robeco Institutional Asset Management BV boosted its holdings in Monolithic Power Systems by 159.2% in the fourth quarter. Robeco Institutional Asset Management BV now owns 954 shares of the semiconductor company’s stock worth $602,000 after acquiring an additional 586 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Monolithic Power Systems by 13.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,274 shares of the semiconductor company’s stock worth $5,219,000 after purchasing an additional 988 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC acquired a new stake in Monolithic Power Systems in the 4th quarter valued at about $209,000. Hedge funds and other institutional investors own 93.46% of the company’s shares.

The Wall Street analyst weighs in

Several research firms have recently issued reports on MPWR. Rosenblatt Securities upped their target price on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC upped their target price on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Truist Financial upped their target price on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, KeyCorp upped their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $912.30, based on data from MarketBeat.

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See the latest Monolithic Power Systems stock report

Indoor activity

In other news, EVP Deming Xiao sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the completion of the transaction, the executive vice president now directly owns 29,714 shares in the company, valued at approximately $28,228,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. In related news, EVP Deming Xiao sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total value of $9,500,000.00. Following the completion of the sale, the executive vice president now directly owns 29,714 shares in the company, valued at $28,228,300. The sale was disclosed in a filing with the SEC, which can be accessed via this link. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total value of $2,260,500.00. Following the completion of the sale, the chief financial officer now owns 61,678 shares of the company’s stock, valued at $55,769,247.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 98,299 shares of company stock worth $83,140,933. 3.20% of shares are currently owned by insiders.

Price performance of monolithic power systems

Shares of MPWR stock opened at $891.32 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $392.10 and a 1 year high of $959.64. The company has a 50 day simple moving average of $862.05 and a two hundred day simple moving average of $776.26. The firm has a market cap of $43.39 billion, a P/E ratio of 106.24, a price-to-earnings-growth ratio of 4.14 and a beta of 1.12.

Monolithic Power Systems (NASDAQ:MPWR – Get Your Free Report ) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. The firm had revenue of $507.40 million during the quarter, compared to the consensus estimate of $490.66 million. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.05 EPS. On average, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $1.25 per share. The ex-dividend date is Monday, September 30. This represents a dividend of $5.00 on an annualized basis and a dividend yield of 0.56%. Monolithic Power Systems’s dividend payout ratio is currently 59.59%.

Monolithic Power Systems Company Profile

(Free Report)

Monolithic Power Systems, Inc is engaged 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 supplies direct current (DC) to DC integrated circuits (ICs) that are used to convert and control the voltages of various electronic systems such as cloud-based CPU servers, server artificial intelligence applications, storage applications, notebooks commercial, digital booth, power supplies, home appliances, 4G and 5G infrastructure and satellite communications applications.