Rakuten Investment Management Inc. Makes New $197.26 Million Investment in Monolithic Power Systems, Inc. $MPWR

Rakuten Investment Management Inc. purchased a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 214,264 shares of the semiconductor company’s stock, valued at approximately $197,260,000. Monolithic Power Systems comprises approximately 0.6% of Rakuten Investment Management Inc.’s holdings, making the stock its 13th biggest holding. Rakuten Investment Management Inc. owned about 0.45% of Monolithic Power Systems as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Monolithic Power Systems by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,939,946 shares of the semiconductor company’s stock valued at $4,344,358,000 after purchasing an additional 19,277 shares during the period. JPMorgan Chase & Co. raised its position in shares of Monolithic Power Systems by 36.1% during the second quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock valued at $626,592,000 after buying an additional 227,159 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Monolithic Power Systems by 18.0% in the second quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock valued at $506,661,000 after buying an additional 105,721 shares during the period. Norges Bank bought a new stake in shares of Monolithic Power Systems in the second quarter valued at about $438,014,000. Finally, Massachusetts Financial Services Co. MA grew its position in Monolithic Power Systems by 14.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 556,587 shares of the semiconductor company’s stock worth $512,416,000 after buying an additional 71,199 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $896.97, for a total transaction of $89,697.00. Following the completion of the sale, the director directly owned 426 shares of the company’s stock, valued at $382,109.22. This trade represents a 19.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Theodore Blegen sold 3,000 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $940.47, for a total value of $2,821,410.00. Following the completion of the transaction, the chief financial officer directly owned 68,332 shares in the company, valued at approximately $64,264,196.04. This represents a 4.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 71,276 shares of company stock worth $64,784,323 over the last 90 days. Company insiders own 3.40% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the subject of several recent research reports. Truist Financial upped their price target on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, December 19th. Needham & Company LLC upped their target price on Monolithic Power Systems from $820.00 to $1,025.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Citigroup raised their target price on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Stifel Nicolaus lifted their price target on shares of 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. Finally, Rosenblatt Securities boosted their price target on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the company a “neutral” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,074.58.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $1,034.49 on Wednesday. The firm has a market capitalization 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 has a fifty day moving average price of $945.26 and a two-hundred day moving average price of $898.94. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $737.18 million for the quarter, compared to analyst estimates of $720.66 million. During the same quarter in the prior year, the firm earned $4.06 EPS. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. On average, equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, December 31st. Monolithic Power Systems’s payout ratio is presently 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.