Sumitomo Mitsui Trust Group Inc. Has $101.60 Million Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Sumitomo Mitsui Trust Group Inc. grew its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,900 shares of the semiconductor company's stock after purchasing an additional 1,802 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Monolithic Power Systems worth $101,603,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new stake in shares of Monolithic Power Systems in the 2nd quarter valued at about $25,000. NBC Securities Inc. lifted its stake in Monolithic Power Systems by 433.3% in the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 26 shares in the last quarter. Wolff Wiese Magana LLC boosted its position in Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 34 shares during the last quarter. Atwood & Palmer Inc. acquired a new stake in shares of Monolithic Power Systems in the second quarter valued at approximately $33,000. Finally, Crewe Advisors LLC increased its stake in Monolithic Power Systems by 126.3% in the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company's stock valued at $35,000 after buying an additional 24 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 734 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.15, for a total value of $561,620.10. Following the transaction, the chief financial officer now directly owns 55,944 shares of the company's stock, valued at $42,805,551.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Deming Xiao sold 9,259 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total value of $8,796,050.00. Following the completion of the transaction, the executive vice president now owns 20,455 shares of the company's stock, valued at approximately $19,432,250. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 734 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.15, for a total transaction of $561,620.10. Following the sale, the chief financial officer now directly owns 55,944 shares in the company, valued at $42,805,551.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,359 shares of company stock valued at $36,209,571. 3.70% of the stock is owned by corporate insiders.

Monolithic Power Systems Stock Down 3.9 %

Shares of Monolithic Power Systems stock traded down $23.18 during trading on Thursday, reaching $578.29. The company's stock had a trading volume of 1,079,345 shares, compared to its average volume of 584,245. The business's 50-day moving average price is $866.42 and its 200-day moving average price is $828.49. Monolithic Power Systems, Inc. has a 52 week low of $532.86 and a 52 week high of $959.64. The firm has a market cap of $28.21 billion, a PE ratio of 67.81, a P/E/G ratio of 3.07 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.04 by ($0.05). The business had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. Equities analysts predict that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.86%. Monolithic Power Systems's payout ratio is 56.37%.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of recent research reports. Raymond James lifted their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the company an "outperform" rating in a research report on Friday, August 2nd. Needham & Company LLC reissued a "buy" rating and issued a $950.00 target price on shares of Monolithic Power Systems in a research note on Tuesday. Oppenheimer reiterated an "outperform" rating and issued a $900.00 target price on shares of Monolithic Power Systems in a research note on Monday. Stifel Nicolaus boosted their price target on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Finally, Loop Capital initiated coverage on Monolithic Power Systems in a research report on Monday. They issued a "hold" rating and a $660.00 price objective for the company. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $916.73.

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.