Assetmark Inc. Sells 864 Shares of Monolithic Power Systems, Inc. $MPWR

Key Points

• Assetmark Inc. cut its stake in Monolithic Power Systems by 4.1%, selling 864 shares and leaving it with 20,327 shares valued at about $18.42 million.
• Monolithic Power Systems beat quarterly expectations with EPS of $4.79 (vs. $4.74 est.) and revenue of $751.16M (up 20.8% YoY), and raised its quarterly dividend to $2.00 (annualized $8.00).
• Insiders have been active sellers—EVP Deming Xiao sold 22,875 shares and insiders disposed of 137,683 shares (~$158.14M) over the last 90 days—while institutional investors still own 93.46% of the stock.

Assetmark Inc. decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,327 shares of the semiconductor company's stock after selling 864 shares during the quarter. Assetmark Inc.'s holdings in Monolithic Power Systems were worth $18,424,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Greenup Street Wealth Management LLC grew its holdings in Monolithic Power Systems by 92.5% during the 4th quarter. Greenup Street Wealth Management LLC now owns 4,769 shares of the semiconductor company's stock worth $4,323,000 after acquiring an additional 2,292 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Monolithic Power Systems by 5.8% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 119,015 shares of the semiconductor company's stock valued at $107,870,000 after acquiring an additional 6,511 shares during the period. Clear Creek Financial Management LLC raised its position in shares of Monolithic Power Systems by 22.8% in the 4th quarter. Clear Creek Financial Management LLC now owns 442 shares of the semiconductor company's stock valued at $401,000 after acquiring an additional 82 shares during the period. Bouvel Investment Partners LLC raised its position in shares of Monolithic Power Systems by 37.9% in the 4th quarter. Bouvel Investment Partners LLC now owns 2,146 shares of the semiconductor company's stock valued at $1,945,000 after acquiring an additional 590 shares during the period. Finally, Diversify Advisory Services LLC raised its position in shares of Monolithic Power Systems by 13.9% in the 4th quarter. Diversify Advisory Services LLC now owns 1,741 shares of the semiconductor company's stock valued at $1,578,000 after acquiring an additional 212 shares during the period. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Trading Down 0.8%

Shares of MPWR opened at $1,353.00 on Thursday. The company has a market cap of $66.46 billion, a price-to-earnings ratio of 106.20, a PEG ratio of 3.45 and a beta of 1.48. Monolithic Power Systems, Inc. has a 1-year low of $496.40 and a 1-year high of $1,378.55. The company's fifty day simple moving average is $1,150.47 and its 200 day simple moving average is $1,040.87.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, topping analysts' consensus estimates of $4.74 by $0.05. The business had revenue of $751.16 million for the quarter, compared to the consensus estimate of $741.69 million. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The firm's revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the previous year, the company earned $4.09 earnings per share. As a group, research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.56. The ex-dividend date of this dividend was Tuesday, March 31st. Monolithic Power Systems's payout ratio is presently 62.79%.

Analyst Ratings Changes

A number of brokerages recently weighed in on MPWR. Stifel Nicolaus increased their price target on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a "buy" rating in a research report on Wednesday, February 4th. Zacks Research downgraded shares of Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 10th. KeyCorp raised their target price on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Friday, February 6th. Oppenheimer restated an "outperform" rating and set a $1,300.00 target price on shares of Monolithic Power Systems in a report on Thursday, January 29th. Finally, Citigroup raised their target price on shares of Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a "buy" rating in a report on Monday, February 9th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,218.42.

Insiders Place Their Bets

In related news, Director Victor K. Lee sold 400 shares of the business's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $1,212.16, for a total value of $484,864.00. Following the completion of the transaction, the director owned 27,756 shares of the company's stock, valued at $33,644,712.96. The trade was a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Deming Xiao sold 22,875 shares of the business's stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the completion of the transaction, the executive vice president directly owned 235,932 shares of the company's stock, valued at approximately $276,314,121.12. This trade represents a 8.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 137,683 shares of company stock valued at $158,138,447 over the last 90 days. 3.40% of the stock is owned by company insiders.

Monolithic Power Systems Profile

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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