Monolithic Power Systems, Inc. $MPWR Stake Raised by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 20.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,789 shares of the semiconductor company’s stock after acquiring an additional 470 shares during the period. Rockefeller Capital Management L.P.’s holdings in Monolithic Power Systems were worth $2,529,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Hsbc Holdings PLC boosted its position in Monolithic Power Systems by 43.1% during the 4th quarter. Hsbc Holdings PLC now owns 200,626 shares of the semiconductor company’s stock worth $182,310,000 after acquiring an additional 60,414 shares during the period. Worthington Financial Partners LLC bought a new position in shares of Monolithic Power Systems in the fourth quarter worth $1,724,000. Reflection Asset Management acquired a new position in shares of Monolithic Power Systems during the fourth quarter valued at $92,000. Ketron Financial acquired a new position in shares of Monolithic Power Systems during the fourth quarter valued at $2,371,000. Finally, Drake & Associates LLC raised its stake in shares of Monolithic Power Systems by 1.5% during the fourth quarter. Drake & Associates LLC now owns 793 shares of the semiconductor company’s stock valued at $719,000 after purchasing an additional 12 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MPWR has been the subject of several research analyst reports. Truist Financial set a $1,805.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 1st. Rosenblatt Securities raised their target price on shares of Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Needham & Company LLC boosted their price target on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, Citigroup reiterated a “buy” rating 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

Insider Activity at Monolithic Power Systems

In other news, EVP Saria Tseng sold 8,963 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $1,305.22, for a total value of $11,698,686.86. Following the transaction, the executive vice president owned 156,983 shares of the company’s stock, valued at $204,897,351.26. The trade was a 5.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 that occurred 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 position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 87,369 shares of company stock worth $134,899,529. Company insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Performance

MPWR opened at $1,312.77 on Tuesday. The company has a market capitalization of $64.50 billion, a PE ratio of 94.65, a P/E/G ratio of 2.35 and a beta of 1.69. The stock’s fifty day moving average is $1,551.98 and its 200-day moving average is $1,251.13. 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 announced its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.20. The business had revenue of $804.19 million during the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company’s quarterly revenue was up 26.1% on a year-over-year basis. During the same quarter last year, the business posted $4.04 earnings per share. On average, equities research analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

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

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.