Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Wallace Advisory Group LLC

Wallace Advisory Group LLC decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 12.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 462 shares of the semiconductor company’s stock after selling 65 shares during the quarter. Wallace Advisory Group LLC’s holdings in Monolithic Power Systems were worth $380,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MPWR. BNP Paribas Financial Markets boosted its holdings in Monolithic Power Systems by 95.1% in the first quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock valued at $206,712,000 after purchasing an additional 148,771 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Monolithic Power Systems by 311.8% in the second quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company’s stock worth $153,319,000 after buying an additional 141,277 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Monolithic Power Systems by 1,947.1% in the second quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company’s stock worth $117,826,000 after buying an additional 136,391 shares during the last quarter. Vanguard Group Inc. grew its holdings in Monolithic Power Systems by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 5,464,066 shares of the semiconductor company’s stock worth $3,446,624,000 after acquiring an additional 90,589 shares during the period. Finally, Wellington Management Group LLP raised its position in Monolithic Power Systems by 10.0% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the completion of the sale, the chief financial officer now owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the transaction, the chief financial officer now directly owns 61,678 shares in the company, valued at approximately $55,769,247.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Deming Xiao sold 859 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $668,637.01. Following the completion of the sale, the executive vice president now owns 202,354 shares of the company’s stock, valued at $157,510,330.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,034 shares of company stock valued at $48,181,625. Corporate insiders own 3.20% of the company’s stock.

Monolithic Power Systems Trading Down 2.1 %

MPWR stock opened at $924.99 on Monday. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $959.64. The business’s 50-day moving average is $869.22 and its 200 day moving average is $782.98. The stock has a market cap of $45.03 billion, a price-to-earnings ratio of 110.25, a PEG ratio of 4.13 and a beta of 1.12.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. During the same period in the previous year, the company posted $2.05 earnings per share. The business’s revenue was up 15.0% on a year-over-year basis. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is 59.59%.

Analyst Upgrades and Downgrades

MPWR has been the topic of several recent research reports. Raymond James upped their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Oppenheimer raised their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. Rosenblatt Securities lifted their price objective on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a report on Monday, July 29th. KeyCorp increased 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 research note on Friday, August 2nd. Finally, Stifel Nicolaus lifted their price target on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $952.30.

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.