Rakuten Investment Management Inc. Purchases New Holdings in Monolithic Power Systems, Inc. $MPWR

Rakuten Investment Management Inc. acquired a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 214,264 shares of the semiconductor company’s stock, valued at approximately $197,260,000. Monolithic Power Systems makes up 0.6% of Rakuten Investment Management Inc.’s holdings, making the stock its 13th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Chicago Partners Investment Group LLC increased its position in Monolithic Power Systems by 6.3% in the third quarter. Chicago Partners Investment Group LLC now owns 558 shares of the semiconductor company’s stock worth $514,000 after purchasing an additional 33 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Monolithic Power Systems by 13.9% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 123 shares of the semiconductor company’s stock worth $113,000 after buying an additional 15 shares during the period. Vest Financial LLC grew its position in shares of Monolithic Power Systems by 52.2% during the 3rd quarter. Vest Financial LLC now owns 49,277 shares of the semiconductor company’s stock worth $45,366,000 after buying an additional 16,892 shares during the period. Boomfish Wealth Group LLC lifted its holdings in Monolithic Power Systems by 9.6% in the third quarter. Boomfish Wealth Group LLC now owns 1,328 shares of the semiconductor company’s stock valued at $1,223,000 after buying an additional 116 shares during the period. Finally, Triasima Portfolio Management inc. acquired a new position in Monolithic Power Systems in the third quarter valued at approximately $2,697,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Saria Tseng sold 20,000 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $926.47, for a total value of $18,529,400.00. Following the sale, the executive vice president owned 187,331 shares of the company’s stock, valued at approximately $173,556,551.57. This trade represents a 9.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $896.97, for a total value of $89,697.00. Following the completion of the sale, the director owned 426 shares in the company, valued at $382,109.22. The trade was a 19.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 71,276 shares of company stock valued at $64,784,323. Corporate insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on MPWR shares. TD Cowen lifted their target price on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Friday, October 31st. KeyCorp raised their price target on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Stifel Nicolaus lifted their price objective on Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of Monolithic Power Systems in a research note on Friday, December 26th. Finally, Needham & Company LLC raised their target price on Monolithic Power Systems from $820.00 to $1,025.00 and gave the stock a “buy” rating in a report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,074.58.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $1,034.49 on Wednesday. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,123.38. The firm has a market cap of $49.56 billion, a P/E ratio of 26.42, a P/E/G ratio of 2.92 and a beta of 1.45. The stock’s 50-day moving average is $945.26 and its 200-day moving average is $898.94.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.11. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The firm had revenue of $737.18 million for the quarter, compared to analyst estimates of $720.66 million. During the same quarter in the previous year, the firm posted $4.06 earnings per share. The business’s revenue was up 18.9% on a year-over-year basis. Equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $1.56 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $6.24 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 15.93%.

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.