Skandinaviska Enskilda Banken AB publ Grows Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 106.8% in the 2nd 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 also recently made changes to their positions in MPWR. Gilbert & Cook Inc. increased 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 purchasing an additional 127 shares during the last quarter. Avantax Advisory Services Inc. purchased a new stake in shares of Monolithic Power Systems during the 4th quarter valued at about $416,000. Robeco Institutional Asset Management B.V. increased its holdings in Monolithic Power Systems by 159.2% in the 4th quarter. Robeco Institutional Asset Management B.V. 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. increased its holdings in Monolithic Power Systems by 13.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,274 shares of the semiconductor company’s stock worth $5,219,000 after acquiring an additional 988 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC purchased a new stake in Monolithic Power Systems in the 4th quarter worth approximately $209,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MPWR. Rosenblatt Securities increased 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 increased 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 increased 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 increased 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 increased 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. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $912.30.

Insider Activity

In other news, EVP Deming Xiao sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was 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 through this hyperlink. In related news, EVP Deming Xiao sold 10,000 shares of the firm’s stock in a transaction on 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 through this link. Also, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction on 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. In the last ninety days, insiders sold 98,299 shares of company stock worth $83,140,933. 3.20% of the stock is currently owned by insiders.

Monolithic Power Systems Price Performance

Shares of MPWR 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) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, beating 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 prior 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 given a dividend of $1.25 per share. The ex-dividend date is Monday, September 30th. This represents a $5.00 dividend 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

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.