Intech Investment Management LLC Sells 483 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Intech Investment Management LLC decreased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 18.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,177 shares of the semiconductor company’s stock after selling 483 shares during the period. Intech Investment Management LLC’s holdings in Monolithic Power Systems were worth $1,475,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Monolithic Power Systems by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 5,464,066 shares of the semiconductor company’s stock valued at $3,446,624,000 after purchasing an additional 90,589 shares in the last quarter. Franklin Resources Inc. raised its position in Monolithic Power Systems by 2.4% during the fourth quarter. Franklin Resources Inc. now owns 1,830,569 shares of the semiconductor company’s stock valued at $1,154,686,000 after purchasing an additional 43,191 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Monolithic Power Systems by 0.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,056,183 shares of the semiconductor company’s stock valued at $666,219,000 after purchasing an additional 3,105 shares in the last quarter. Brown Advisory Inc. raised its position in Monolithic Power Systems by 4.4% during the fourth quarter. Brown Advisory Inc. now owns 1,028,467 shares of the semiconductor company’s stock valued at $648,736,000 after purchasing an additional 43,225 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in Monolithic Power Systems by 10.0% during the fourth quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock valued at $592,251,000 after purchasing an additional 85,676 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Activity at Monolithic Power Systems

In related news, EVP Saria Tseng sold 869 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $690.02, for a total transaction of $599,627.38. Following the completion of the transaction, the executive vice president now owns 203,521 shares in the company, valued at approximately $140,433,560.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Monolithic Power Systems news, EVP Maurice Sciammas sold 10,999 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $843.83, for a total value of $9,281,286.17. Following the completion of the sale, the executive vice president now directly owns 118,876 shares in the company, valued at approximately $100,311,135.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Saria Tseng sold 869 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $690.02, for a total value of $599,627.38. Following the completion of the sale, the executive vice president now owns 203,521 shares of the company’s stock, valued at $140,433,560.42. The disclosure for this sale can be found here. Insiders sold a total of 81,310 shares of company stock worth $63,163,317 in the last quarter. 3.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock traded down $34.64 during trading on Friday, hitting $808.83. 624,447 shares of the company’s stock traded hands, compared to its average volume of 478,725. The stock has a market capitalization of $39.37 billion, a P/E ratio of 96.40, a PEG ratio of 4.04 and a beta of 1.11. The business has a 50-day simple moving average of $795.03 and a 200-day simple moving average of $711.27. Monolithic Power Systems, Inc. has a 1 year low of $392.10 and a 1 year high of $891.67.

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

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Friday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is 59.59%.

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.