PNC Financial Services Group Inc. Acquires 2,874 Shares of Monolithic Power Systems, Inc. $MPWR

PNC Financial Services Group Inc. grew its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 27.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,330 shares of the semiconductor company’s stock after buying an additional 2,874 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Monolithic Power Systems were worth $9,749,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in Monolithic Power Systems by 33.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,034,731 shares of the semiconductor company’s stock worth $1,180,104,000 after acquiring an additional 506,430 shares during the last quarter. Nuveen LLC acquired a new position in shares of Monolithic Power Systems during the first quarter worth approximately $105,751,000. BNP Paribas Financial Markets grew its stake in shares of Monolithic Power Systems by 87.9% during the first quarter. BNP Paribas Financial Markets now owns 284,097 shares of the semiconductor company’s stock valued at $164,771,000 after purchasing an additional 132,880 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Monolithic Power Systems by 26.5% during the first quarter. JPMorgan Chase & Co. now owns 629,566 shares of the semiconductor company’s stock valued at $365,136,000 after purchasing an additional 132,078 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in shares of Monolithic Power Systems by 70.8% in the first quarter. T. Rowe Price Investment Management Inc. now owns 314,449 shares of the semiconductor company’s stock valued at $182,375,000 after purchasing an additional 130,394 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $920.19 on Friday. The company has a market capitalization of $44.08 billion, a P/E ratio of 23.96, a price-to-earnings-growth ratio of 4.08 and a beta of 1.33. The business has a 50-day moving average of $954.65 and a two-hundred day moving average of $813.80. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.62 by $0.11. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%.The business had revenue of $737.18 million for the quarter, compared to analysts’ expectations of $720.66 million. During the same quarter in the previous year, the business posted $4.06 EPS. Monolithic Power Systems’s revenue for the quarter was up 18.9% on a year-over-year basis. Monolithic Power Systems has set its Q4 2025 guidance at EPS. On average, equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, September 30th. Monolithic Power Systems’s dividend payout ratio is 15.93%.

Analyst Upgrades and Downgrades

MPWR has been the topic of several research reports. KeyCorp upped their price objective on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Wells Fargo & Company upped their price target on Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Stifel Nicolaus raised their price target on Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, October 17th. Raymond James Financial reissued an “outperform” rating and set a $875.00 price objective (up from $720.00) on shares of Monolithic Power Systems in a report on Friday, August 1st. Finally, Rosenblatt Securities raised their target price on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,047.27.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 3,000 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $1,024.43, for a total transaction of $3,073,290.00. Following the completion of the transaction, the chief financial officer owned 74,332 shares in the company, valued at approximately $76,147,930.76. This represents a 3.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Saria Tseng sold 1,300 shares of the stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $1,087.62, for a total value of $1,413,906.00. Following the transaction, the executive vice president owned 126,354 shares of the company’s stock, valued at approximately $137,425,137.48. The trade was a 1.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 43,443 shares of company stock valued at $41,703,115 over the last three months. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems 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.