Rakuten Investment Management Inc. Has $12.38 Million Stock Position in Monolithic Power Systems, Inc. $MPWR

Rakuten Investment Management Inc. lowered its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 93.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,307 shares of the semiconductor company’s stock after selling 200,957 shares during the period. Rakuten Investment Management Inc.’s holdings in Monolithic Power Systems were worth $12,376,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. First Trust Advisors LP boosted its holdings in Monolithic Power Systems by 66.4% in the 3rd quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock valued at $412,263,000 after purchasing an additional 178,622 shares during the period. Vanguard Group Inc. boosted its holdings in Monolithic Power Systems by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock valued at $5,591,998,000 after purchasing an additional 134,087 shares during the period. AIA Group Ltd bought a new position in Monolithic Power Systems in the 3rd quarter valued at $1,459,000. Merit Financial Group LLC boosted its holdings in Monolithic Power Systems by 183.9% in the 4th quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock valued at $2,499,000 after purchasing an additional 1,786 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Monolithic Power Systems by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock valued at $794,723,000 after purchasing an additional 6,503 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on MPWR. Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Weiss Ratings upgraded shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Stifel Nicolaus raised their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Raymond James Financial restated an “outperform” rating and set a $1,800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,599.17.

Monolithic Power Systems Stock Up 4.8%

Shares of NASDAQ:MPWR opened at $1,652.29 on Tuesday. The stock has a market cap of $81.18 billion, a PE ratio of 119.13, a PEG ratio of 2.82 and a beta of 1.69. The company’s fifty day moving average is $1,520.94 and its 200 day moving average is $1,215.52. Monolithic Power Systems, Inc. has a 52 week low of $671.18 and a 52 week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The business had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The company’s revenue was up 26.1% on a year-over-year basis. During the same quarter last year, the firm earned $4.04 EPS. Sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company 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 0.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is 57.68%.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Saria Tseng sold 7,565 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the sale, the executive vice president owned 144,218 shares of the company’s stock, valued at $245,170,600. This trade represents a 4.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,533.95, for a total transaction of $46,018.50. Following the completion of the sale, the executive vice president directly owned 1,179 shares in the company, valued at approximately $1,808,527.05. This trade represents a 2.48% 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 90 days, insiders have sold 113,073 shares of company stock worth $160,875,958. 3.60% of the stock is currently owned by insiders.

Monolithic Power Systems Profile

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.