Robeco Institutional Asset Management B.V. Sells 1,059 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Robeco Institutional Asset Management B.V. cut its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Rating) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,897 shares of the semiconductor company’s stock after selling 1,059 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Monolithic Power Systems were worth $10,863,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Achmea Investment Management B.V. bought a new stake in shares of Monolithic Power Systems in the first quarter worth approximately $27,000. Heritage Wealth Management LLC bought a new stake in shares of Monolithic Power Systems in the second quarter worth approximately $28,000. Guardian Wealth Advisors LLC bought a new stake in shares of Monolithic Power Systems in the third quarter worth approximately $27,000. Private Trust Co. NA grew its stake in shares of Monolithic Power Systems by 111.1% in the third quarter. Private Trust Co. NA now owns 76 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 40 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Monolithic Power Systems in the third quarter worth approximately $32,000. 96.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on MPWR shares. StockNews.com started coverage on shares of Monolithic Power Systems in a research report on Thursday. They set a “hold” rating for the company. Needham & Company LLC boosted their target price on shares of Monolithic Power Systems from $450.00 to $525.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. Wells Fargo & Company boosted their target price on shares of Monolithic Power Systems from $435.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, February 9th. KeyCorp boosted their target price on shares of Monolithic Power Systems from $425.00 to $560.00 and gave the company an “overweight” rating in a research report on Thursday, February 9th. Finally, Rosenblatt Securities restated a “buy” rating and set a $620.00 target price on shares of Monolithic Power Systems in a research report on Thursday, February 9th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $542.09.

Monolithic Power Systems Price Performance

MPWR opened at $488.31 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $301.69 and a 1-year high of $541.39. The company has a 50 day simple moving average of $461.19 and a two-hundred day simple moving average of $402.92. The firm has a market cap of $23.10 billion, a P/E ratio of 54.02, a PEG ratio of 1.84 and a beta of 1.14.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, March 30th. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.75. Monolithic Power Systems’s payout ratio is 33.19%.

Insider Transactions at Monolithic Power Systems

In other news, insider Deming Xiao sold 1,497 shares of the business’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $530.00, for a total value of $793,410.00. Following the transaction, the insider now owns 273,537 shares of the company’s stock, valued at $144,974,610. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Deming Xiao sold 1,497 shares of the business’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $530.00, for a total value of $793,410.00. Following the transaction, the insider now owns 273,537 shares of the company’s stock, valued at $144,974,610. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Saria Tseng sold 5,528 shares of the company’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $344.96, for a total transaction of $1,906,938.88. Following the sale, the vice president now directly owns 248,904 shares in the company, valued at approximately $85,861,923.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,605 shares of company stock valued at $45,013,975. 2.00% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Profile

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Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, and consumer applications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.