Sumitomo Mitsui Trust Group Inc. Purchases 6,511 Shares of Monolithic Power Systems, Inc. $MPWR

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 119,015 shares of the semiconductor company’s stock after purchasing an additional 6,511 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Monolithic Power Systems were worth $107,870,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. True Wealth Design LLC grew its holdings in shares of Monolithic Power Systems by 61.1% during the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 11 shares in the last quarter. SJS Investment Consulting Inc. grew its holdings in shares of Monolithic Power Systems by 2,700.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 27 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Monolithic Power Systems during the 3rd quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Monolithic Power Systems during the 4th quarter worth $34,000. Finally, IFP Advisors Inc grew its holdings in shares of Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $1,116.44, for a total value of $33,493.20. Following the sale, the executive vice president directly owned 1,239 shares of the company’s stock, valued at $1,383,269.16. This trade represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Victor K. Lee sold 400 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $1,212.16, for a total value of $484,864.00. Following the completion of the sale, the director directly owned 27,756 shares in the company, valued at $33,644,712.96. This trade represents a 1.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 137,683 shares of company stock valued at $158,138,447. 3.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MPWR shares. Weiss Ratings lowered Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Needham & Company LLC increased their target price on 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. Rosenblatt Securities increased their target price on Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Truist Financial increased their target price on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, Wells Fargo & Company increased their target price on Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and an average target price of $1,218.42.

Monolithic Power Systems Stock Up 1.4%

NASDAQ:MPWR opened at $1,372.23 on Tuesday. The stock’s 50-day simple moving average is $1,142.18 and its 200 day simple moving average is $1,035.32. The firm has a market capitalization of $67.40 billion, a PE ratio of 107.71, a price-to-earnings-growth ratio of 3.43 and a beta of 1.48. Monolithic Power Systems, Inc. has a twelve month low of $496.40 and a twelve month high of $1,377.25.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.05. The business had revenue of $751.16 million for the quarter, compared to analyst estimates of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.Monolithic Power Systems’s revenue was up 20.8% compared to the same quarter last year. During the same period last year, the firm posted $4.09 earnings per share. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.6%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date of this dividend is Tuesday, March 31st. Monolithic Power Systems’s payout ratio is 62.79%.

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.