HB Wealth Management LLC Sells 561 Shares of Monolithic Power Systems, Inc. $MPWR

HB Wealth Management LLC cut its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 12.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,834 shares of the semiconductor company’s stock after selling 561 shares during the quarter. HB Wealth Management LLC’s holdings in Monolithic Power Systems were worth $5,300,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in Monolithic Power Systems during the 2nd quarter worth about $7,727,289,000. Corient Private Wealth LLC lifted its stake in shares of Monolithic Power Systems by 3,719.6% in the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after purchasing an additional 1,993,576 shares during the period. Norges Bank bought a new stake in shares of Monolithic Power Systems during the 4th quarter valued at about $658,656,000. Bank of America Corp DE acquired a new stake in Monolithic Power Systems during the second quarter worth approximately $741,271,000. Finally, Legal & General Group Plc bought a new stake in Monolithic Power Systems in the second quarter worth approximately $497,561,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

MPWR stock opened at $1,223.86 on Tuesday. The stock’s 50 day simple moving average is $1,326.35 and its 200 day simple moving average is $1,353.81. The company has a market cap of $60.14 billion, a P/E ratio of 75.04 and a beta of 1.66. Monolithic Power Systems, Inc. has a fifty-two week low of $830.00 and a fifty-two week high of $1,714.09.

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

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s payout ratio is 49.05%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Weiss Ratings cut Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 31st. Needham & Company LLC lifted their price objective on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Arete Research set a $2,013.00 target price on shares of Monolithic Power Systems and gave the company a “buy” rating in a research report on Thursday, August 20th. Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. Finally, Wall Street Zen upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average target price of $1,731.42.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the transaction, the executive vice president directly owned 1,119 shares of the company’s stock, valued at approximately $1,503,868.86. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the completion of the transaction, the director directly owned 515 shares in the company, valued at $660,008.55. This trade represents a 8.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 160 shares of company stock worth $215,945. Corporate insiders own 3.60% of the company’s stock.

Monolithic Power Systems Profile

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.