Royal London Asset Management Ltd. Has $39.38 Million Holdings in Monolithic Power Systems, Inc. $MPWR

Royal London Asset Management Ltd. trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 28,488 shares of the semiconductor company’s stock after selling 467 shares during the period. Royal London Asset Management Ltd. owned 0.06% of Monolithic Power Systems worth $39,381,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Monolithic Power Systems during the 2nd quarter worth $7,727,289,000. Corient Private Wealth LLC raised its position in Monolithic Power Systems by 3,719.6% in the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after purchasing an additional 1,993,576 shares during the last quarter. Norges Bank bought a new position in Monolithic Power Systems in the fourth quarter valued at about $658,656,000. Bank of America Corp DE acquired a new stake in shares of Monolithic Power Systems during the second quarter valued at about $741,271,000. Finally, Legal & General Group Plc acquired a new stake in shares of Monolithic Power Systems during the second quarter valued at about $497,561,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MPWR shares. Wall Street Zen upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. KeyCorp lifted their target price on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Arete Research set a $2,013.00 target price on shares of Monolithic Power Systems and gave the stock a “buy” rating in a report on Thursday, August 20th. Rosenblatt Securities restated a “neutral” rating and issued a $1,575.00 price target on shares of Monolithic Power Systems in a research report on Friday, July 31st. Finally, Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,731.42.

Monolithic Power Systems Trading Down 4.2%

NASDAQ MPWR opened at $1,256.26 on Friday. The firm has a market capitalization of $61.74 billion, a PE ratio of 77.02 and a beta of 1.69. The business’s 50-day moving average price is $1,348.06 and its two-hundred day moving average price is $1,350.23. Monolithic Power Systems, Inc. has a 12 month low of $800.97 and a 12 month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.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 prior year, the business posted $4.21 earnings per share. The firm’s revenue was up 47.6% on a year-over-year basis. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 49.05%.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the completion of the transaction, the executive vice president directly owned 1,119 shares of the company’s stock, valued at approximately $1,503,868.86. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Herbert Chang sold 50 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the completion of the transaction, the director directly owned 515 shares in the company, valued at approximately $660,008.55. This trade represents a 8.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 190 shares of company stock valued at $261,964. Company insiders own 3.60% of the company’s stock.

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.