American National Bank Decreases Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

American National Bank lessened its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 21.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 830 shares of the semiconductor company’s stock after selling 230 shares during the period. American National Bank’s holdings in Monolithic Power Systems were worth $562,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Monolithic Power Systems by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 5,464,066 shares of the semiconductor company’s stock valued at $3,446,624,000 after purchasing an additional 90,589 shares during the period. Franklin Resources Inc. increased its holdings in Monolithic Power Systems by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 1,830,569 shares of the semiconductor company’s stock valued at $1,154,686,000 after purchasing an additional 43,191 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Monolithic Power Systems by 0.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,056,183 shares of the semiconductor company’s stock valued at $666,219,000 after purchasing an additional 3,105 shares during the period. Brown Advisory Inc. increased its holdings in Monolithic Power Systems by 4.4% during the 4th quarter. Brown Advisory Inc. now owns 1,028,467 shares of the semiconductor company’s stock valued at $648,736,000 after purchasing an additional 43,225 shares during the period. Finally, Wellington Management Group LLP increased its holdings in Monolithic Power Systems by 10.0% during the 4th quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock valued at $592,251,000 after purchasing an additional 85,676 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Truist Financial lifted their price objective on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. KeyCorp lifted their price objective on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Finally, Oppenheimer lifted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus price target of $766.00.

Monolithic Power Systems Stock Up 0.1 %

Shares of MPWR opened at $826.17 on Friday. The business’s 50 day moving average price is $727.31 and its 200-day moving average price is $680.12. Monolithic Power Systems, Inc. has a 52 week low of $392.10 and a 52 week high of $856.30. The stock has a market cap of $40.22 billion, a P/E ratio of 98.47, a P/E/G ratio of 4.22 and a beta of 1.13.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. The firm had revenue of $457.89 million for the quarter, compared to analysts’ expectations of $447.76 million. On average, equities analysts anticipate that Monolithic Power Systems, Inc. will post 10.12 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $5.00 dividend on an annualized basis and a yield of 0.61%. Monolithic Power Systems’s payout ratio is currently 59.59%.

Insider Buying and Selling

In related news, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $677.44, for a total value of $5,419,520.00. Following the completion of the transaction, the chief executive officer now directly owns 899,232 shares in the company, valued at approximately $609,175,726.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the completion of the sale, the executive vice president now directly owns 130,744 shares in the company, valued at approximately $89,145,181.52. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $677.44, for a total transaction of $5,419,520.00. Following the sale, the chief executive officer now owns 899,232 shares of the company’s stock, valued at $609,175,726.08. The disclosure for this sale can be found here. Insiders sold a total of 46,046 shares of company stock worth $31,842,373 in the last three months. Insiders own 3.20% of the company’s stock.

Monolithic Power Systems Company 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.