Vest Financial LLC Sells 17,206 Shares of Monolithic Power Systems, Inc. $MPWR

Vest Financial LLC decreased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 49.0% in the third quarter, Holdings Channel reports. The institutional investor owned 17,895 shares of the semiconductor company’s stock after selling 17,206 shares during the quarter. Vest Financial LLC’s holdings in Monolithic Power Systems were worth $24,109,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MPWR. BlackRock Inc. purchased a new position in shares of Monolithic Power Systems during the 2nd quarter valued at $7,727,289,000. State Street Corp increased its stake in shares of Monolithic Power Systems by 4.3% in the second quarter. State Street Corp now owns 2,282,186 shares of the semiconductor company’s stock worth $3,159,219,000 after acquiring an additional 93,732 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Monolithic Power Systems by 42.3% in the second quarter. Van ECK Associates Corp now owns 746,237 shares of the semiconductor company’s stock worth $1,031,568,000 after acquiring an additional 221,666 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Monolithic Power Systems in the second quarter worth $741,271,000. Finally, Royal Bank of Canada raised its holdings in shares of Monolithic Power Systems by 168.1% during the first quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock worth $517,557,000 after acquiring an additional 296,788 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the transaction, the executive vice president directly owned 1,119 shares of the company’s stock, valued at $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 dated Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the transaction, the director owned 515 shares in the company, valued at approximately $660,008.55. This trade represents a 8.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 130 shares of company stock worth $175,397 over the last three months. Company insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Down 9.0%

MPWR stock opened at $1,167.93 on Friday. The company has a market capitalization of $57.39 billion, a price-to-earnings ratio of 71.61 and a beta of 1.68. Monolithic Power Systems, Inc. has a 12 month low of $833.18 and a 12 month high of $1,714.09. The firm has a 50 day moving average of $1,291.59 and a two-hundred day moving average of $1,397.51.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, topping the consensus estimate of $5.87 by $0.63. The company 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 quarterly revenue was up 47.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.21 EPS. On average, research analysts expect that Monolithic Power Systems, Inc. will post 23.95 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $2.00 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is currently 49.05%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MPWR. Truist Financial lifted their price objective on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research report on Friday, July 31st. KeyCorp upped their target price on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Wells Fargo & Company dropped their target price on Monolithic Power Systems from $1,800.00 to $1,550.00 and set an “overweight” rating on the stock in a research report on Tuesday. Raymond James Financial reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. Finally, Wall Street Zen lowered Monolithic Power Systems from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,706.93.

About Monolithic Power Systems

Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help regulate, convert, distribute and control electrical power in electronic systems, supporting applications that require efficient and reliable power delivery.

The company’s portfolio includes integrated circuits, power modules, battery-management products, motor drivers, LED drivers and related analog and mixed-signal semiconductor solutions.