Rakuten Investment Management Inc. Buys New Stake in Monolithic Power Systems, Inc. $MPWR

Rakuten Investment Management Inc. bought a new stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 18,041 shares of the semiconductor company’s stock, valued at approximately $23,684,000.

Several other hedge funds also recently added to or reduced their stakes in MPWR. Fideuram Asset Management Ireland dac bought a new position in Monolithic Power Systems during the 4th quarter worth $3,983,000. Mirabaud Asset Management Ltd bought a new position in shares of Monolithic Power Systems in the fourth quarter worth about $4,424,000. Baker Avenue Asset Management LP lifted its stake in Monolithic Power Systems by 436.6% in the 4th quarter. Baker Avenue Asset Management LP now owns 3,182 shares of the semiconductor company’s stock valued at $2,884,000 after purchasing an additional 2,589 shares during the last quarter. Norges Bank bought a new position in shares of Monolithic Power Systems in the 4th quarter valued at $658,656,000. Finally, ProShare Advisors LLC raised its position in Monolithic Power Systems by 291.9% in the fourth quarter. ProShare Advisors LLC now owns 99,461 shares of the semiconductor company’s stock valued at $90,147,000 after purchasing an additional 74,082 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $1,256.26 on Friday. The firm has a 50-day moving average of $1,348.06 and a 200-day moving average of $1,350.23. Monolithic Power Systems, Inc. has a one year low of $800.97 and a one year high of $1,714.09. The company has a market cap of $61.73 billion, a P/E ratio of 77.02 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The business had revenue of $980.64 million for the quarter, compared to analysts’ expectations of $903.30 million. During the same period in the previous year, the company earned $4.21 earnings per share. The firm’s revenue for the quarter was up 47.6% compared to the same quarter last year. As a group, research analysts expect that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 annualized dividend and a yield of 0.6%. Monolithic Power Systems’s payout ratio is currently 49.05%.

Insider Transactions at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 50 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the sale, the director directly owned 515 shares in the company, valued at approximately $660,008.55. The trade was a 8.85% 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 30 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the sale, the executive vice president directly owned 1,119 shares in the company, valued at approximately $1,503,868.86. This trade represents a 2.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 190 shares of company stock worth $261,964. Corporate insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MPWR. TD Cowen raised their price target on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Oppenheimer set a $1,700.00 price target on Monolithic Power Systems in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Truist Financial increased their target price on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, KeyCorp increased their target price on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and an average price target of $1,731.42.

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.