Royal Bank of Canada Reduces Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Royal Bank of Canada trimmed its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 12.2% in the 4th quarter, Holdings Channel reports. The firm owned 232,356 shares of the semiconductor company’s stock after selling 32,177 shares during the period. Royal Bank of Canada’s holdings in Monolithic Power Systems were worth $137,485,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MPWR. Vanguard Group Inc. grew its stake in shares of Monolithic Power Systems by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company’s stock valued at $3,446,223,000 after purchasing an additional 74,046 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Monolithic Power Systems by 16.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company’s stock worth $904,297,000 after buying an additional 214,395 shares during the last quarter. Geode Capital Management LLC grew its position in Monolithic Power Systems by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company’s stock valued at $807,158,000 after buying an additional 31,295 shares during the period. Invesco Ltd. increased its holdings in Monolithic Power Systems by 7.5% during the fourth quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company’s stock valued at $687,841,000 after buying an additional 81,412 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in Monolithic Power Systems by 0.5% during the fourth quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company’s stock valued at $583,420,000 after buying an additional 5,274 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the completion of the transaction, the executive vice president now directly owns 4,015 shares of the company’s stock, valued at approximately $2,814,515. This represents a 74.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total value of $65,000.00. Following the completion of the sale, the director now directly owns 776 shares in the company, valued at approximately $504,400. The trade was a 11.42% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,200 shares of company stock valued at $8,546,800. 3.40% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Up 0.7%

NASDAQ MPWR opened at $715.40 on Monday. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64. The business has a 50-day moving average price of $586.35 and a 200-day moving average price of $614.27. The firm has a market cap of $34.25 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, topping the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The business had revenue of $637.55 million during the quarter, compared to the consensus estimate of $633.43 million. During the same period in the prior year, the company posted $2.81 EPS. The firm’s revenue for the quarter was up 39.2% compared to the same quarter last year. Research analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MPWR. Rosenblatt Securities reiterated a “neutral” rating and set a $644.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Citigroup lifted their target price on Monolithic Power Systems from $615.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Loop Capital upped their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. KeyCorp lowered their price objective on Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Finally, Stifel Nicolaus cut their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus price target of $779.83.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.