Skandinaviska Enskilda Banken AB publ Cuts Position in Monolithic Power Systems, Inc. $MPWR

Skandinaviska Enskilda Banken AB publ decreased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 20.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,695 shares of the semiconductor company’s stock after selling 3,799 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Monolithic Power Systems were worth $13,509,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC increased its position in Monolithic Power Systems by 46.0% during the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after buying an additional 200 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Monolithic Power Systems by 3.1% during the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after acquiring an additional 161 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Monolithic Power Systems by 10.3% in the 2nd quarter. Nordea Investment Management AB now owns 4,236 shares of the semiconductor company’s stock worth $3,114,000 after purchasing an additional 397 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in shares of Monolithic Power Systems by 32.2% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 525 shares of the semiconductor company’s stock worth $378,000 after purchasing an additional 128 shares during the last quarter. Finally, Stephens Inc. AR bought a new position in Monolithic Power Systems in the 2nd quarter worth about $218,000. 93.46% of the stock is owned by institutional investors.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 22,875 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the transaction, the executive vice president owned 178,625 shares of the company’s stock, valued at approximately $209,198,455. This trade represents a 11.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Saria Tseng sold 22,875 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the sale, the executive vice president owned 200,626 shares of the company’s stock, valued at $234,965,146.16. This trade represents a 10.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 125,726 shares of company stock worth $139,246,648. 3.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on MPWR shares. Needham & Company LLC lifted their target price on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Citigroup boosted their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a report on Monday, February 9th. KeyCorp upped their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. Finally, Oppenheimer restated an “outperform” rating and issued a $1,300.00 price target on shares of Monolithic Power Systems in a research note on Thursday, January 29th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Buy” and an average price target of $1,218.42.

Monolithic Power Systems Trading Up 1.3%

NASDAQ:MPWR opened at $1,188.32 on Thursday. The company has a market cap of $56.93 billion, a PE ratio of 93.27, a price-to-earnings-growth ratio of 2.97 and a beta of 1.45. The company has a 50 day simple moving average of $1,038.95 and a two-hundred day simple moving average of $959.15. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $1,250.00.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.05. The firm had revenue of $751.16 million for the quarter, compared to the consensus estimate of $741.69 million. Monolithic Power Systems had a return on equity of 18.09% and a net margin of 22.07%.The company’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period last year, the business posted $4.09 EPS. Research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s payout ratio is currently 48.98%.

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.