Robeco Institutional Asset Management B.V. Sells 5,356 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Robeco Institutional Asset Management B.V. decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 14.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,977 shares of the semiconductor company’s stock after selling 5,356 shares during the period. Robeco Institutional Asset Management B.V. owned 0.07% of Monolithic Power Systems worth $19,512,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MPWR. Creative Planning lifted its holdings in shares of Monolithic Power Systems by 10.8% in the 2nd quarter. Creative Planning now owns 5,818 shares of the semiconductor company’s stock valued at $4,780,000 after acquiring an additional 566 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Monolithic Power Systems by 5.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 825 shares of the semiconductor company’s stock valued at $676,000 after acquiring an additional 45 shares during the last quarter. Cetera Investment Advisers lifted its stake in Monolithic Power Systems by 4.0% in the second quarter. Cetera Investment Advisers now owns 7,038 shares of the semiconductor company’s stock worth $5,784,000 after purchasing an additional 272 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Monolithic Power Systems in the second quarter worth about $3,292,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Monolithic Power Systems by 20.3% in the third quarter. Massmutual Trust Co. FSB ADV now owns 255 shares of the semiconductor company’s stock worth $236,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of Monolithic Power Systems stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.14, for a total value of $662,611.24. Following the transaction, the executive vice president now directly owns 162,239 shares of the company’s stock, valued at approximately $124,135,548.46. The trade was a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 734 shares of Monolithic Power Systems stock in a transaction on Friday, November 8th. The stock was sold at an average price of $765.15, for a total transaction of $561,620.10. Following the completion of the transaction, the chief financial officer now directly owns 55,944 shares in the company, valued at $42,805,551.60. This represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,100 shares of company stock valued at $2,724,231 over the last ninety days. 3.70% of the stock is owned by company insiders.

Monolithic Power Systems Stock Up 0.1 %

Shares of MPWR stock opened at $637.37 on Friday. The firm has a market cap of $31.09 billion, a price-to-earnings ratio of 71.86, a PEG ratio of 2.37 and a beta of 1.03. The company’s 50 day moving average is $609.43 and its 200 day moving average is $761.13. Monolithic Power Systems, Inc. has a 52-week low of $546.71 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.05). The business had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. Analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Tuesday, December 31st. Monolithic Power Systems’s payout ratio is 56.37%.

Analyst Ratings Changes

Several analysts have issued reports on MPWR shares. Loop Capital raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price objective for the company in a research note on Monday, November 18th. KeyCorp decreased their price objective on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Wells Fargo & Company started coverage on shares of Monolithic Power Systems in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 price objective for the company. Needham & Company LLC decreased their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Finally, Citigroup began coverage on shares of Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $820.33.

About Monolithic Power Systems

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.