Seaport Global Advisors LLC Has $555,000 Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Seaport Global Advisors LLC cut its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 676 shares of the semiconductor company’s stock after selling 42 shares during the quarter. Monolithic Power Systems accounts for about 2.0% of Seaport Global Advisors LLC’s portfolio, making the stock its 23rd biggest position. Seaport Global Advisors LLC’s holdings in Monolithic Power Systems were worth $555,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of MPWR. Family Firm Inc. purchased a new stake in Monolithic Power Systems in the 2nd quarter valued at $25,000. RiverPark Advisors LLC purchased a new stake in shares of Monolithic Power Systems in the first quarter valued at about $27,000. OFI Invest Asset Management purchased a new stake in shares of Monolithic Power Systems in the first quarter valued at about $31,000. Atwood & Palmer Inc. bought a new position in shares of Monolithic Power Systems during the second quarter valued at about $33,000. Finally, Crewe Advisors LLC boosted its holdings in Monolithic Power Systems by 126.3% during the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Deming Xiao sold 3,205 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $831.58, for a total transaction of $2,665,213.90. Following the sale, the executive vice president now owns 203,213 shares of the company’s stock, valued at approximately $168,987,866.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Deming Xiao sold 3,205 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $831.58, for a total transaction of $2,665,213.90. Following the sale, the executive vice president now directly owns 203,213 shares in the company, valued at $168,987,866.54. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Theodore Blegen sold 728 shares of the firm’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 transaction of $566,667.92. Following the completion of the transaction, the chief financial officer now owns 64,178 shares of the company’s stock, valued at $49,955,513.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,034 shares of company stock valued at $48,181,625. Company insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the subject of several analyst reports. KeyCorp increased their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research note 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. Truist Financial boosted their price objective on Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Stifel Nicolaus upped their price objective 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. Finally, Oppenheimer lifted their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $952.30.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $924.99 on Monday. Monolithic Power Systems, Inc. has a 1 year low of $392.10 and a 1 year high of $959.64. The stock’s fifty day moving average price is $869.22 and its two-hundred day moving average price is $782.98. The firm has a market cap of $45.03 billion, a PE ratio of 110.25, a PEG ratio of 4.13 and a beta of 1.12.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. The business had revenue of $507.40 million for the quarter, compared to analysts’ expectations of $490.66 million. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.05 EPS. Sell-side 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 declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Monday, September 30th. Monolithic Power Systems’s payout ratio is currently 59.59%.

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.