Chevy Chase Trust Holdings LLC Sells 725 Shares of Monolithic Power Systems, Inc. $MPWR

Chevy Chase Trust Holdings LLC trimmed its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,579 shares of the semiconductor company’s stock after selling 725 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Monolithic Power Systems were worth $22,628,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SJS Investment Consulting Inc. raised its holdings in Monolithic Power Systems by 2,700.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 27 shares during the last quarter. True Wealth Design LLC boosted its position in Monolithic Power Systems by 61.1% during the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after buying an additional 11 shares during the period. Salomon & Ludwin LLC bought a new stake in Monolithic Power Systems during the 3rd quarter worth approximately $33,000. Armstrong Advisory Group Inc. grew its holdings in Monolithic Power Systems by 192.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 27 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its position in Monolithic Power Systems by 542.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 38 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MPWR. Truist Financial raised their price target on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Weiss Ratings cut shares of Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Oppenheimer reaffirmed an “outperform” rating and set a $1,300.00 target price on shares of Monolithic Power Systems in a research report on Thursday, January 29th. Finally, Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,218.42.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $1,077.40 on Tuesday. The firm has a market cap of $52.92 billion, a PE ratio of 84.57, a price-to-earnings-growth ratio of 2.67 and a beta of 1.45. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $1,256.22. The business’s 50 day moving average price is $1,102.98 and its two-hundred day moving average price is $996.13.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, topping the consensus estimate of $4.74 by $0.05. The company had revenue of $751.16 million during the quarter, compared to the consensus estimate of $741.69 million. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The company’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the firm posted $4.09 EPS. Research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $2.00 dividend. The ex-dividend date is Tuesday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is 48.98%.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Saria Tseng sold 22,875 shares of Monolithic Power Systems stock in a transaction on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the completion of the sale, the executive vice president directly owned 200,626 shares of the company’s stock, valued at approximately $234,965,146.16. The trade was a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Victor K. Lee sold 400 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $1,212.16, for a total transaction of $484,864.00. Following the transaction, the director owned 27,756 shares in the company, valued at $33,644,712.96. This represents a 1.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 98,550 shares of company stock valued at $114,256,090. 3.40% of the stock is currently owned by corporate insiders.

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.