ABN AMRO Bank N.V. Takes Position in Monolithic Power Systems, Inc. $MPWR

ABN AMRO Bank N.V. bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,930 shares of the semiconductor company’s stock, valued at approximately $3,192,000.

A number of other large investors have also recently made changes to their positions in the company. Sterling Capital Management LLC grew its holdings in Monolithic Power Systems by 674.4% during the 1st quarter. Sterling Capital Management LLC now owns 3,485 shares of the semiconductor company’s stock valued at $3,810,000 after purchasing an additional 3,035 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of Monolithic Power Systems during the first quarter valued at approximately $911,000. Riverstone Advisors LLC raised its holdings in shares of Monolithic Power Systems by 16.3% in the first quarter. Riverstone Advisors LLC now owns 783 shares of the semiconductor company’s stock worth $856,000 after buying an additional 110 shares during the period. Maridea Wealth Management LLC purchased a new stake in shares of Monolithic Power Systems in the first quarter worth approximately $271,000. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Monolithic Power Systems in the first quarter worth approximately $6,232,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,533.95, for a total value of $46,018.50. Following the completion of the sale, the executive vice president directly owned 1,179 shares in the company, valued at $1,808,527.05. This trade represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deming Xiao sold 30,000 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the completion of the transaction, the executive vice president directly owned 205,959 shares in the company, valued at $340,769,463.45. This represents a 12.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 87,369 shares of company stock valued at $134,899,529 over the last three months. Company insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $1,316.24 on Monday. The company has a market capitalization of $64.67 billion, a PE ratio of 94.90, a P/E/G ratio of 2.35 and a beta of 1.69. The company has a 50-day simple moving average of $1,553.78 and a two-hundred day simple moving average of $1,248.67. Monolithic Power Systems, Inc. has a one year low of $686.87 and a one year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business had revenue of $804.19 million during the quarter, compared to analyst estimates of $781.93 million. During the same period in the prior year, the firm posted $4.04 earnings per share. The company’s quarterly revenue was up 26.1% on a year-over-year basis. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is presently 57.68%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MPWR shares. Stifel Nicolaus boosted their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, April 16th. William Blair reiterated an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Raymond James Financial reissued an “outperform” rating and set a $1,800.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus price target of $1,599.17.

About Monolithic Power Systems

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.