New Century Financial Group LLC Sells 45 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

New Century Financial Group LLC lessened its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 9.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 427 shares of the semiconductor company’s stock after selling 45 shares during the quarter. New Century Financial Group LLC’s holdings in Monolithic Power Systems were worth $289,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Monolithic Power Systems by 1.7% in 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 stake 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 worth $1,154,686,000 after acquiring an additional 43,191 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Monolithic Power Systems by 0.3% in 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 acquiring an additional 3,105 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of 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 acquiring an additional 43,225 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of 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 acquiring an additional 85,676 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction that occurred 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 sale, the executive vice president now directly owns 130,744 shares in the company, valued at approximately $89,145,181.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Deming Xiao sold 1,300 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $769.40, for a total value of $1,000,220.00. Following the sale, the executive vice president now owns 206,418 shares of the company’s stock, valued at $158,818,009.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $681.83, for a total value of $7,500,130.00. Following the transaction, the executive vice president now directly owns 130,744 shares of the company’s stock, valued at $89,145,181.52. The disclosure for this sale can be found here. Insiders sold 81,311 shares of company stock valued at $61,382,161 over the last quarter. 3.20% of the stock is owned by company insiders.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $839.22 on Friday. The firm’s fifty day moving average price is $761.85 and its two-hundred day moving average price is $694.52. The stock has a market cap of $40.85 billion, a PE ratio of 100.03, a PEG ratio of 4.19 and a beta of 1.11. Monolithic Power Systems, Inc. has a fifty-two week low of $392.10 and a fifty-two week high of $856.30.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.02. The company had revenue of $457.89 million for the quarter, compared to the consensus estimate of $447.76 million. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. As a group, sell-side analysts predict that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Friday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 59.59%.

Wall Street Analysts Forecast Growth

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

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.