Generate Investment Management Ltd Sells 6,718 Shares of Monolithic Power Systems, Inc. $MPWR

Generate Investment Management Ltd reduced its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 63.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,922 shares of the semiconductor company’s stock after selling 6,718 shares during the period. Generate Investment Management Ltd’s holdings in Monolithic Power Systems were worth $5,422,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MPWR. Cambridge Investment Research Advisors Inc. raised its stake in shares of Monolithic Power Systems by 48.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 5,073 shares of the semiconductor company’s stock valued at $7,013,000 after acquiring an additional 1,657 shares during the last quarter. Leonteq Securities AG grew its stake in shares of Monolithic Power Systems by 41.7% in the second quarter. Leonteq Securities AG now owns 231 shares of the semiconductor company’s stock worth $319,000 after purchasing an additional 68 shares during the last quarter. Peterson Wealth Services grew its stake in shares of Monolithic Power Systems by 6.6% in the second quarter. Peterson Wealth Services now owns 1,304 shares of the semiconductor company’s stock worth $1,802,000 after purchasing an additional 81 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in Monolithic Power Systems by 4.5% in the second quarter. TD Waterhouse Canada Inc. now owns 373 shares of the semiconductor company’s stock valued at $496,000 after purchasing an additional 16 shares during the period. Finally, Oak Harvest Investment Services increased its holdings in Monolithic Power Systems by 17.5% in the second quarter. Oak Harvest Investment Services now owns 4,173 shares of the semiconductor company’s stock valued at $5,769,000 after purchasing an additional 620 shares during the period. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 4.4%

MPWR opened at $1,362.55 on Friday. Monolithic Power Systems, Inc. has a twelve month low of $800.97 and a twelve month high of $1,714.09. The company has a fifty day moving average of $1,396.06 and a 200-day moving average of $1,338.29. The stock has a market cap of $66.96 billion, a PE ratio of 83.54 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.63. The business had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. Monolithic Power Systems’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.21 earnings per share. Sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $2.00 per share. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is presently 49.05%.

Insiders Place Their Bets

In related news, Director Jeff Zhou sold 486 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the completion of the sale, the director owned 3,800 shares of the company’s stock, valued at $6,384,000. This trade represents a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kuo Wei Herbert Chang sold 50 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total value of $71,000.00. Following the completion of the sale, the director owned 565 shares of the company’s stock, valued at approximately $802,300. The trade was a 8.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 13,191 shares of company stock worth $21,807,015 in the last quarter. 3.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Rosenblatt Securities reaffirmed a “neutral” rating and set a $1,575.00 target price on shares of Monolithic Power Systems in a research report on Friday, July 31st. Oppenheimer set a $1,700.00 price target on Monolithic Power Systems in a research report on Friday, May 1st. Weiss Ratings cut Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. TD Cowen raised their price objective on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, Truist Financial lifted their price objective on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,705.82.

About Monolithic Power Systems

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.