Blair William & Co. IL Sells 1,850 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Key Points

• Blair William & Co. IL reduced its stake in Monolithic Power Systems, Inc. by 16.3%, now owning 9,508 shares worth $5,514,000 after selling 1,850 shares during the first quarter.
• Monolithic Power Systems reported $664.57 million in revenue for the recent quarter, exceeding estimates, with a net margin of 73.17% and a 31% increase year-over-year.
• The company announced a quarterly dividend of $1.56, translating to an annual yield of 0.8% and a payout ratio of 16.25%.

Blair William & Co. IL lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 16.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,508 shares of the semiconductor company's stock after selling 1,850 shares during the period. Blair William & Co. IL's holdings in Monolithic Power Systems were worth $5,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Fourth Dimension Wealth LLC bought a new stake in Monolithic Power Systems in the 4th quarter valued at $29,000. Itau Unibanco Holding S.A. boosted its holdings in shares of 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 valued at $35,000 after purchasing an additional 51 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of Monolithic Power Systems by 146.4% during the first quarter. Meeder Asset Management Inc. now owns 69 shares of the semiconductor company's stock valued at $40,000 after purchasing an additional 41 shares in the last quarter. Global Financial Private Client LLC increased its holdings in shares of Monolithic Power Systems by 265.0% in the first 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 last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Monolithic Power Systems in the first quarter worth about $54,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Stock Up 0.4%

Shares of Monolithic Power Systems stock opened at $805.85 on Thursday. The stock's fifty day moving average is $723.63 and its two-hundred day moving average is $654.48. 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 capitalization of $38.58 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 3.06 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $4.21 EPS for the quarter, topping the consensus estimate of $4.12 by $0.09. The company had revenue of $664.57 million for 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 firm's revenue was up 31.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.17 EPS. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $1.56 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $6.24 annualized dividend and a yield of 0.8%. Monolithic Power Systems's dividend payout ratio is 16.25%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MPWR shares. TD Cowen raised their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Rosenblatt Securities reiterated a "neutral" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, August 1st. Wells Fargo & Company raised their target price 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. Raymond James Financial reaffirmed an "outperform" rating and set a $875.00 price target (up previously from $720.00) on shares of Monolithic Power Systems in a research note on Friday, August 1st. Finally, Citigroup reiterated a "buy" rating and set a $825.00 price objective (up previously from $785.00) on shares of Monolithic Power Systems in a research report on Monday. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Monolithic Power Systems presently has an average rating of "Moderate Buy" and a consensus price target of $838.09.

Insider Transactions at Monolithic Power Systems

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $698.00, for a total transaction of $69,800.00. Following the transaction, the director owned 676 shares of the company's stock, valued at approximately $471,848. This represents a 12.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Deming Xiao sold 39,999 shares of Monolithic Power Systems stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $780.00, for a total value 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 disclosure for this sale can be found here. Insiders sold 61,099 shares of company stock worth $46,431,020 in the last ninety days. 3.40% of the stock is owned by company insiders.

Monolithic Power Systems Company 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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