Swedbank AB Has $9.62 Million Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Swedbank AB boosted its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 49.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 10,400 shares of the semiconductor company’s stock after acquiring an additional 3,439 shares during the quarter. Swedbank AB’s holdings in Monolithic Power Systems were worth $9,615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Cerity Partners LLC grew its position in shares of Monolithic Power Systems by 47.9% in the third quarter. Cerity Partners LLC now owns 4,551 shares of the semiconductor company’s stock valued at $4,207,000 after purchasing an additional 1,474 shares during the last quarter. Covenant Asset Management LLC boosted its stake in Monolithic Power Systems by 181.1% during the 3rd quarter. Covenant Asset Management LLC now owns 742 shares of the semiconductor company’s stock valued at $686,000 after purchasing an additional 478 shares during the period. Raymond James Trust N.A. grew its holdings in Monolithic Power Systems by 10.5% in the 3rd quarter. Raymond James Trust N.A. now owns 1,792 shares of the semiconductor company’s stock valued at $1,657,000 after buying an additional 171 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Monolithic Power Systems by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 314,264 shares of the semiconductor company’s stock worth $290,537,000 after buying an additional 5,645 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of Monolithic Power Systems by 8.4% during the third quarter. Pacer Advisors Inc. now owns 8,533 shares of the semiconductor company’s stock worth $7,889,000 after buying an additional 663 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the sale, the executive vice president now owns 162,239 shares in the company, valued at approximately $124,135,548.46. The trade was a 0.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $929.59, for a total value of $10,225,490.00. Following the completion of the transaction, the executive vice president now directly owns 103,829 shares in the company, valued at approximately $96,518,400.11. This trade represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,100 shares of company stock worth $17,913,521. Company insiders own 3.70% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $572.08 on Wednesday. The firm has a 50 day simple moving average of $820.61 and a 200 day simple moving average of $822.73. Monolithic Power Systems, Inc. has a fifty-two week low of $538.00 and a fifty-two week high of $959.64. The firm has a market cap of $27.91 billion, a P/E ratio of 67.74, a P/E/G ratio of 2.77 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate 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 expect that Monolithic Power Systems, Inc. will post 10.46 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.25 per share. The ex-dividend date was Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.87%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MPWR. Needham & Company LLC lowered their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Raymond James raised their price target on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Stifel Nicolaus raised their price objective on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, TD Cowen reduced their price objective on shares of 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. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $840.36.

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.