Monolithic Power Systems, Inc. (NASDAQ:MPWR) Position Lowered by US Bancorp DE

US Bancorp DE decreased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,178 shares of the semiconductor company’s stock after selling 979 shares during the quarter. US Bancorp DE’s holdings in Monolithic Power Systems were worth $15,024,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in MPWR. RiverPark Advisors LLC acquired a new stake in Monolithic Power Systems in the first quarter worth approximately $27,000. OFI Invest Asset Management acquired a new stake in Monolithic Power Systems during the 1st quarter worth about $31,000. Arlington Trust Co LLC lifted its stake in Monolithic Power Systems by 56.1% during the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 23 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Monolithic Power Systems in the fourth quarter worth approximately $43,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Monolithic Power Systems by 23.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 15 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Stock Down 6.8 %

Shares of NASDAQ:MPWR traded down $60.65 during mid-day trading on Wednesday, reaching $828.83. 372,922 shares of the stock were exchanged, compared to its average volume of 509,355. Monolithic Power Systems, Inc. has a one year low of $392.10 and a one year high of $891.67. The stock’s 50 day simple moving average is $788.12 and its 200-day simple moving average is $708.34. The company has a market cap of $40.35 billion, a P/E ratio of 98.80, a P/E/G ratio of 4.35 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The business had revenue of $457.89 million for the quarter, compared to analyst estimates of $447.76 million. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. Analysts anticipate that Monolithic Power Systems, Inc. will post 10.37 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.00 annualized dividend and a dividend yield of 0.60%. Monolithic Power Systems’s dividend payout ratio is currently 59.59%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MPWR shares. Needham & Company LLC restated a “buy” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a report on Thursday, May 2nd. Oppenheimer increased their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. Truist Financial raised their target price on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. KeyCorp upped their price target on Monolithic Power Systems from $850.00 to $975.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 9th. Finally, Wells Fargo & Company upped their price objective on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $806.13.

Insider Activity

In related news, Director Victor K. Lee sold 1,000 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $820.46, for a total transaction of $820,460.00. Following the sale, the director now directly owns 29,232 shares in the company, valued at approximately $23,983,686.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Victor K. Lee sold 1,000 shares of the stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $820.46, for a total value of $820,460.00. Following the completion of the sale, the director now owns 29,232 shares of the company’s stock, valued at $23,983,686.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Saria Tseng sold 37,093 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $808.20, for a total value of $29,978,562.60. Following the completion of the sale, the executive vice president now owns 166,428 shares in the company, valued at $134,507,109.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 81,310 shares of company stock worth $63,163,317. Corporate insiders own 3.20% of the company’s stock.

Monolithic Power Systems 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.