Monolithic Power Systems, Inc. (NASDAQ:MPWR) Holdings Lowered by WP Advisors LLC

WP Advisors LLC trimmed its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 16.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 506 shares of the semiconductor company’s stock after selling 99 shares during the quarter. WP Advisors LLC’s holdings in Monolithic Power Systems were worth $416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Monolithic Power Systems in the 4th quarter worth approximately $362,477,000. BNP Paribas Financial Markets boosted its stake in Monolithic Power Systems by 95.1% in the 1st quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock worth $206,712,000 after purchasing an additional 148,771 shares during the period. UBS Group AG boosted its stake in Monolithic Power Systems by 100.4% in the 4th quarter. UBS Group AG now owns 194,286 shares of the semiconductor company’s stock worth $122,552,000 after purchasing an additional 97,357 shares during the period. Vanguard Group Inc. boosted its stake in Monolithic Power Systems by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 5,464,066 shares of the semiconductor company’s stock worth $3,446,624,000 after purchasing an additional 90,589 shares during the period. Finally, Wellington Management Group LLP boosted its stake in Monolithic Power Systems by 10.0% in the 4th quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock worth $592,251,000 after purchasing an additional 85,676 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Trading Up 0.4 %

MPWR traded up $4.07 during trading on Friday, hitting $934.68. The stock had a trading volume of 520,123 shares, compared to its average volume of 533,591. The firm has a market cap of $45.50 billion, a PE ratio of 111.40, a P/E/G ratio of 3.92 and a beta of 1.11. Monolithic Power Systems, Inc. has a 12 month low of $392.10 and a 12 month high of $959.64. The company has a 50 day simple moving average of $850.14 and a 200-day simple moving average of $761.05.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, topping the consensus estimate of $3.07 by $0.10. The firm had revenue of $507.40 million for the quarter, compared to the consensus estimate of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.63%. The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.05 EPS. As a group, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.00 annualized dividend and a yield of 0.53%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Insider Buying and Selling

In other Monolithic Power Systems news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $731.08, for a total value of $5,848,640.00. Following the sale, the chief executive officer now directly owns 880,408 shares in the company, valued at approximately $643,648,680.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Monolithic Power Systems news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $731.08, for a total value of $5,848,640.00. Following the sale, the chief executive officer now directly owns 880,408 shares in the company, valued at approximately $643,648,680.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 2,416 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $731.43, for a total transaction of $1,767,134.88. Following the completion of the sale, the chief financial officer now owns 72,486 shares in the company, valued at $53,018,434.98. The disclosure for this sale can be found here. Insiders have sold 106,215 shares of company stock worth $88,496,208 in the last quarter. 3.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MPWR has been the subject of a number of research analyst reports. Truist Financial increased their target price on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Needham & Company LLC increased their target price on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Oppenheimer raised their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. KeyCorp raised their price target on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, TD Cowen raised their price target on shares of Monolithic Power Systems from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $912.30.

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.