Geneva Capital Management LLC Cuts Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Geneva Capital Management LLC reduced its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,335 shares of the semiconductor company’s stock after selling 709 shares during the quarter. Geneva Capital Management LLC owned 0.06% of Monolithic Power Systems worth $25,271,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MPWR. Assetmark Inc. increased its holdings in Monolithic Power Systems by 6.6% in the 3rd quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock valued at $16,259,000 after purchasing an additional 1,082 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Monolithic Power Systems by 19.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,480 shares of the semiconductor company’s stock valued at $37,583,000 after buying an additional 9,125 shares during the period. Cetera Investment Advisers lifted its position in Monolithic Power Systems by 237.3% during the 1st quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock worth $4,583,000 after acquiring an additional 4,760 shares in the last quarter. Czech National Bank grew its position in Monolithic Power Systems by 9.8% in the second quarter. Czech National Bank now owns 9,274 shares of the semiconductor company’s stock valued at $7,620,000 after acquiring an additional 824 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Monolithic Power Systems by 224.4% during the first quarter. Acadian Asset Management LLC now owns 1,528 shares of the semiconductor company’s stock valued at $1,034,000 after purchasing an additional 1,057 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Trading Down 0.5 %

Shares of Monolithic Power Systems stock opened at $644.10 on Wednesday. The stock has a market capitalization of $31.42 billion, a price-to-earnings ratio of 72.62, a PEG ratio of 3.08 and a beta of 1.15. Monolithic Power Systems, Inc. has a twelve month low of $500.54 and a twelve month high of $959.64. The business’s 50 day simple moving average is $871.40 and its 200-day simple moving average is $830.09.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The firm had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.37%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $772.96, for a total transaction of $1,932,400.00. Following the completion of the transaction, the chief financial officer now owns 56,678 shares in the company, valued at approximately $43,809,826.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction on Monday, October 7th. The stock was sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the transaction, the executive vice president now directly owns 103,829 shares in the company, valued at approximately $96,518,400.11. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $772.96, for a total transaction of $1,932,400.00. Following the completion of the sale, the chief financial officer now owns 56,678 shares in the company, valued at approximately $43,809,826.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,759 shares of company stock worth $34,985,340 in the last three months. 3.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of recent analyst reports. Loop Capital began coverage on shares of Monolithic Power Systems in a report on Monday. They set a “hold” rating and a $660.00 price target for the company. KeyCorp increased their target price on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. TD Cowen cut their price target on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Oppenheimer reissued an “outperform” rating and set a $900.00 price objective on shares of Monolithic Power Systems in a report on Monday. Finally, Stifel Nicolaus upped their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $916.73.

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.