Azimuth Capital Investment Management LLC Sells 363 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Key Points

• Azimuth Capital Investment Management LLC reduced its stake in Monolithic Power Systems by 1.1%, selling 363 shares to own approximately 34,031 shares valued at $19.7 million.
• Other institutional investors showed significant activity, with GAMMA Investing LLC increasing its stake by 76,432.3% to own 778,333 shares worth $451.4 million.
• Monolithic Power Systems reported a 31% increase in revenue year-over-year, achieving a net margin of 73.17% and earnings per share of $4.21 for the latest quarter.

Azimuth Capital Investment Management LLC lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,031 shares of the semiconductor company's stock after selling 363 shares during the period. Azimuth Capital Investment Management LLC owned approximately 0.07% of Monolithic Power Systems worth $19,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Monolithic Power Systems by 76,432.3% during the first quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company's stock valued at $451,418,000 after acquiring an additional 777,316 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Monolithic Power Systems by 16.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock valued at $904,297,000 after acquiring an additional 214,395 shares in the last quarter. Siemens Fonds Invest GmbH raised its stake in shares of Monolithic Power Systems by 18,567.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 200,487 shares of the semiconductor company's stock valued at $118,628,000 after acquiring an additional 199,413 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $113,547,000. Finally, Ensign Peak Advisors Inc raised its stake in shares of Monolithic Power Systems by 121.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 337,078 shares of the semiconductor company's stock valued at $199,449,000 after acquiring an additional 185,002 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Insider Transactions at Monolithic Power Systems

In other news, EVP Deming Xiao sold 39,999 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $780.00, for a total transaction of $31,199,220.00. Following the completion of the sale, the executive vice president owned 121,605 shares of the company's stock, valued at $94,851,900. The trade was a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Theodore Blegen sold 3,000 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $750.00, for a total transaction of $2,250,000.00. Following the sale, the chief financial officer directly owned 43,939 shares of the company's stock, valued at $32,954,250. This represents a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,199 shares of company stock valued at $38,115,220 over the last 90 days. Corporate insiders own 3.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Rosenblatt Securities reissued a "neutral" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, August 1st. Loop Capital lifted their price objective on shares of Monolithic Power Systems from $760.00 to $800.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Wells Fargo & Company lifted their price objective on shares of Monolithic Power Systems from $730.00 to $750.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. TD Cowen lifted their price target on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, KeyCorp lifted their price objective on shares of Monolithic Power Systems from $940.00 to $950.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $838.09.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $848.81 on Friday. The company has a fifty day moving average of $741.32 and a 200 day moving average of $661.51. The company has a market capitalization of $40.65 billion, a PE ratio of 22.10, a P/E/G ratio of 3.21 and a beta of 1.18. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share for the quarter, topping analysts' consensus estimates of $4.12 by $0.09. The business had revenue of $664.57 million during the quarter, compared to the consensus estimate of $648.74 million. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The company's revenue was up 31.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.17 earnings per share. Research analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $1.56 per share. 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 0.7%. Monolithic Power Systems's payout ratio is currently 16.25%.

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.

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