Commonwealth Equity Services LLC Sells 38 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Commonwealth Equity Services LLC lessened its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,114 shares of the semiconductor company’s stock after selling 38 shares during the period. Commonwealth Equity Services LLC’s holdings in Monolithic Power Systems were worth $3,381,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Family Firm Inc. bought a new position in shares of Monolithic Power Systems in the second quarter worth approximately $25,000. RiverPark Advisors LLC bought a new position in shares of Monolithic Power Systems in the first quarter worth approximately $27,000. OFI Invest Asset Management bought a new position in shares of Monolithic Power Systems in the first quarter worth approximately $31,000. Atwood & Palmer Inc. bought a new position in shares of Monolithic Power Systems in 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 second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 1.4 %

MPWR opened at $847.70 on Wednesday. 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 $41.33 billion, a PE ratio of 101.04, a PEG ratio of 3.73 and a beta of 1.12. The firm’s 50 day simple moving average is $854.57 and its two-hundred day simple moving average is $766.75.

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

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders 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 0.59%. Monolithic Power Systems’s payout ratio is 59.59%.

Wall Street Analysts Forecast Growth

MPWR has been the topic of several analyst reports. Needham & Company LLC upped their target price on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Rosenblatt Securities raised their target price on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Oppenheimer raised their target price 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. KeyCorp raised their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $912.30.

Insider Activity

In other news, CFO Theodore Blegen sold 728 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $566,667.92. Following the sale, the chief financial officer now directly owns 64,178 shares in the company, valued at approximately $49,955,513.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Victor K. Lee sold 1,000 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $820.46, for a total transaction of $820,460.00. Following the sale, the director now directly owns 29,232 shares in the company, valued at approximately $23,983,686.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 728 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $566,667.92. Following the sale, the chief financial officer now owns 64,178 shares in the company, valued at $49,955,513.42. The disclosure for this sale can be found here. Insiders have sold 98,299 shares of company stock worth $83,140,933 in the last three months. Company insiders own 3.20% of the company’s stock.

About Monolithic Power Systems

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.