Royal Bank of Canada Grows Position in Monolithic Power Systems, Inc. (MPWR)

Royal Bank of Canada increased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 40.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,164 shares of the semiconductor company’s stock after acquiring an additional 36,729 shares during the period. Royal Bank of Canada owned approximately 0.30% of Monolithic Power Systems worth $14,722,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MPWR. Denver Investment Advisors LLC lifted its stake in Monolithic Power Systems by 6.6% in the 1st quarter. Denver Investment Advisors LLC now owns 6,310 shares of the semiconductor company’s stock valued at $731,000 after buying an additional 392 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Monolithic Power Systems by 6.0% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,240 shares of the semiconductor company’s stock valued at $836,000 after buying an additional 408 shares in the last quarter. Guggenheim Capital LLC lifted its stake in Monolithic Power Systems by 0.5% in the 1st quarter. Guggenheim Capital LLC now owns 89,259 shares of the semiconductor company’s stock valued at $10,333,000 after buying an additional 430 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Monolithic Power Systems by 3.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,574 shares of the semiconductor company’s stock valued at $1,412,000 after buying an additional 431 shares in the last quarter. Finally, Zeke Capital Advisors LLC lifted its stake in Monolithic Power Systems by 24.3% in the 1st quarter. Zeke Capital Advisors LLC now owns 2,219 shares of the semiconductor company’s stock valued at $257,000 after buying an additional 434 shares in the last quarter. Institutional investors and hedge funds own 91.49% of the company’s stock.

In other Monolithic Power Systems news, Director James C. Moyer sold 15,000 shares of the stock in a transaction on Monday, April 9th. The stock was sold at an average price of $113.41, for a total transaction of $1,701,150.00. Following the transaction, the director now owns 666,815 shares of the company’s stock, valued at approximately $75,623,489.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Hsing sold 20,000 shares of the stock in a transaction on Friday, June 1st. The stock was sold at an average price of $133.05, for a total value of $2,661,000.00. Following the transaction, the chief executive officer now directly owns 1,168,575 shares in the company, valued at approximately $155,478,903.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 141,576 shares of company stock worth $17,805,189. Corporate insiders own 4.00% of the company’s stock.

A number of equities research analysts recently issued reports on the company. Raymond James assumed coverage on Monolithic Power Systems in a research note on Thursday, April 12th. They issued a “strong-buy” rating and a $140.00 target price on the stock. Cowen assumed coverage on Monolithic Power Systems in a research note on Thursday, May 17th. They issued an “outperform” rating and a $150.00 target price on the stock. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research note on Tuesday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 target price on shares of Monolithic Power Systems in a research note on Friday, June 8th. Finally, BidaskClub lowered Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 30th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Monolithic Power Systems currently has a consensus rating of “Buy” and an average price target of $145.22.

Shares of Monolithic Power Systems stock opened at $136.34 on Friday. Monolithic Power Systems, Inc. has a fifty-two week low of $94.26 and a fifty-two week high of $142.56. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of 73.70, a price-to-earnings-growth ratio of 2.16 and a beta of 1.31.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Monday, April 30th. The semiconductor company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. Monolithic Power Systems had a return on equity of 17.04% and a net margin of 14.52%. The company had revenue of $129.20 million for the quarter, compared to analyst estimates of $125.18 million. During the same quarter in the prior year, the company posted $0.58 EPS. The business’s revenue for the quarter was up 28.7% compared to the same quarter last year. sell-side analysts expect that Monolithic Power Systems, Inc. will post 2.46 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 29th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, June 28th. Monolithic Power Systems’s dividend payout ratio is presently 64.86%.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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