Assetmark Inc. Has $26.90 Million Stock Position in Monolithic Power Systems, Inc. $MPWR

Key Points

• Assetmark reduced its Monolithic Power Systems stake by 4.2% in the second quarter, selling 859 shares and retaining 19,462 shares valued at approximately $26.9 million. Institutional investors collectively own 93.46% of MPWR.
• Monolithic Power Systems reported quarterly EPS of $6.50, exceeding estimates of $5.87, while revenue rose 47.6% year over year to $980.64 million. The company also declared a quarterly dividend of $2.00 per share, equivalent to a 0.6% annualized yield.
• Analysts maintain a broadly positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $1,705.82. However, insiders sold 13,191 shares worth $21.8 million during the last quarter.

Assetmark Inc. decreased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,462 shares of the semiconductor company's stock after selling 859 shares during the period. Assetmark Inc.'s holdings in Monolithic Power Systems were worth $26,903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of MPWR. Corient Private Wealth LLC raised its stake in Monolithic Power Systems by 3,719.6% during the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company's stock worth $1,855,476,000 after buying an additional 1,993,576 shares during the period. Norges Bank purchased a new position in Monolithic Power Systems in the fourth quarter worth $658,656,000. Royal Bank of Canada increased its holdings in Monolithic Power Systems by 168.1% during the first quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company's stock worth $517,557,000 after buying an additional 296,788 shares during the last quarter. Invesco Ltd. grew its position in shares of Monolithic Power Systems by 25.9% during the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company's stock valued at $1,300,345,000 after acquiring an additional 295,556 shares during the period. Finally, First Trust Advisors LP increased its position in Monolithic Power Systems by 56.6% in the fourth quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company's stock worth $635,770,000 after buying an additional 253,653 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,402.01 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $800.97 and a 52-week high of $1,714.09. The stock has a fifty day moving average of $1,394.48 and a 200 day moving average of $1,338.74. The firm has a market capitalization of $68.90 billion, a price-to-earnings ratio of 85.96 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping analysts' consensus estimates of $5.87 by $0.63. The business had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The company's quarterly revenue was up 47.6% compared to the same quarter last year. During the same period in the prior year, the company earned $4.21 EPS. Equities analysts forecast that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems's payout ratio is currently 49.05%.

Analysts Set New Price Targets

Several research firms have recently weighed in on MPWR. KeyCorp increased their price target on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Weiss Ratings downgraded shares of Monolithic Power Systems from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, August 3rd. Oppenheimer set a $1,700.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 1st. Citigroup reiterated a "buy" rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, Zacks Research raised shares of Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,705.82.

Insider Activity at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 50 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $1,420.00, for a total value of $71,000.00. Following the transaction, the director owned 565 shares of the company's stock, valued at $802,300. This represents a 8.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the sale, the executive vice president directly owned 1,119 shares of the company's stock, valued at $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 13,191 shares of company stock worth $21,807,015 over the last quarter. 3.60% of the stock is currently owned by corporate insiders.

About Monolithic Power Systems

Monolithic Power Systems NASDAQ: MPWR is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS's product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.

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