Empirical Finance LLC Sells 74 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Empirical Finance LLC cut its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,177 shares of the semiconductor company’s stock after selling 74 shares during the period. Empirical Finance LLC’s holdings in Monolithic Power Systems were worth $967,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Family Firm Inc. acquired a new position in shares of Monolithic Power Systems in the 2nd quarter worth approximately $25,000. RiverPark Advisors LLC bought a new stake in shares of Monolithic Power Systems during the first quarter worth $27,000. OFI Invest Asset Management bought a new stake in Monolithic Power Systems during the 1st quarter worth about $31,000. Atwood & Palmer Inc. bought a new stake in shares of Monolithic Power Systems during the second quarter worth approximately $33,000. Finally, Crewe Advisors LLC lifted its stake in shares of Monolithic Power Systems by 126.3% in the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In related news, EVP Deming Xiao sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the sale, the executive vice president now owns 29,714 shares of the company’s stock, valued at approximately $28,228,300. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Michael Hsing sold 2,790 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $2,171,708.10. Following the sale, the chief executive officer now directly owns 865,332 shares in the company, valued at $673,565,775.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 10,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the completion of the sale, the executive vice president now directly owns 29,714 shares in the company, valued at $28,228,300. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,215 shares of company stock valued at $88,496,208. 3.20% of the stock is currently owned by insiders.

Monolithic Power Systems Price Performance

MPWR opened at $934.68 on Friday. The business has a fifty day simple moving average of $850.14 and a 200 day simple moving average of $761.39. Monolithic Power Systems, Inc. has a 1 year low of $392.10 and a 1 year high of $959.64. The company has a market capitalization of $45.57 billion, a PE ratio of 111.40, a price-to-earnings-growth ratio of 4.32 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.07 by $0.10. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The company had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. During the same period in the prior year, the firm posted $2.05 EPS. Monolithic Power Systems’s quarterly revenue was up 15.0% on a year-over-year basis. Equities analysts anticipate that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $1.25 per share. The ex-dividend date was Friday, June 28th. This represents a $5.00 annualized dividend and a dividend yield of 0.53%. Monolithic Power Systems’s dividend payout ratio is currently 59.59%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Needham & Company LLC boosted their price target on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a report on Monday, August 5th. Truist Financial increased their target price on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Rosenblatt Securities increased their price target on Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, Raymond James lifted their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and an average price target of $912.30.

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.