Assetmark Inc. Sells 1,248 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Key Points

• Assetmark Inc. reduced its stake in Monolithic Power Systems, Inc. by 6.0%, retaining holdings worth $11.38 million after selling 1,248 shares during the first quarter.
• Insiders at Monolithic Power Systems sold a total of 18,200 shares of the company stock valued at approximately $13.05 million within the last three months.
• Monolithic Power Systems reported a 39.2% year-over-year increase in revenue, totaling $637.55 million for the quarter, and a net income margin of 76.59%.

Assetmark Inc. reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 19,612 shares of the semiconductor company's stock after selling 1,248 shares during the quarter. Assetmark Inc.'s holdings in Monolithic Power Systems were worth $11,375,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Fourth Dimension Wealth LLC purchased a new position in shares of Monolithic Power Systems in the 4th quarter valued at $29,000. Itau Unibanco Holding S.A. boosted its stake in Monolithic Power Systems by 637.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 51 shares during the period. Global Financial Private Client LLC boosted its stake in Monolithic Power Systems by 265.0% during the 1st quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock worth $42,000 after purchasing an additional 53 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in Monolithic Power Systems during the 4th quarter worth $47,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Monolithic Power Systems during the 1st quarter worth $54,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock traded up $5.81 during mid-day trading on Wednesday, hitting $730.18. The company's stock had a trading volume of 100,297 shares, compared to its average volume of 808,616. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64. The company has a market cap of $34.96 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 2.93 and a beta of 1.20. The firm's 50 day moving average is $711.06 and its 200 day moving average is $647.47.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping the consensus estimate of $4.00 by $0.04. The firm had revenue of $637.55 million during the quarter, compared to analysts' expectations of $633.43 million. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. Monolithic Power Systems's quarterly revenue was up 39.2% compared to the same quarter last year. During the same period last year, the business earned $2.81 earnings per share. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $1.56 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.85%. Monolithic Power Systems's dividend payout ratio is 16.56%.

Insider Activity at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 6,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the completion of the transaction, the chief financial officer directly owned 46,939 shares in the company, valued at approximately $35,204,250. The trade was a 11.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $698.00, for a total value of $69,800.00. Following the transaction, the director owned 676 shares of the company's stock, valued at $471,848. The trade was a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,200 shares of company stock valued at $13,046,800 over the last ninety days. 3.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MPWR has been the subject of several recent analyst reports. Needham & Company LLC restated a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. TD Cowen increased their price target on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a report on Friday, May 2nd. KeyCorp upped their price target on shares of Monolithic Power Systems from $820.00 to $940.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Stifel Nicolaus lowered their target price on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, Loop Capital boosted their target price on shares of Monolithic Power Systems from $760.00 to $800.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $805.67.

Monolithic Power Systems 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.