Brown Advisory Inc. Sells 52,380 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Brown Advisory Inc. lowered its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 933,625 shares of the semiconductor company's stock after selling 52,380 shares during the period. Brown Advisory Inc. owned about 1.95% of Monolithic Power Systems worth $541,484,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Beverly Hills Private Wealth LLC lifted its position in Monolithic Power Systems by 3.2% in the first quarter. Beverly Hills Private Wealth LLC now owns 638 shares of the semiconductor company's stock valued at $370,000 after purchasing an additional 20 shares during the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in Monolithic Power Systems in the 1st quarter worth $680,000. Financial Counselors Inc. grew its holdings in Monolithic Power Systems by 5.4% in the 1st quarter. Financial Counselors Inc. now owns 7,399 shares of the semiconductor company's stock worth $4,291,000 after acquiring an additional 377 shares during the last quarter. Penserra Capital Management LLC increased its position in shares of Monolithic Power Systems by 25.3% in the first quarter. Penserra Capital Management LLC now owns 1,139 shares of the semiconductor company's stock valued at $658,000 after acquiring an additional 230 shares during the period. Finally, Jackson Wealth Management LLC raised its stake in shares of Monolithic Power Systems by 29.5% during the first quarter. Jackson Wealth Management LLC now owns 2,896 shares of the semiconductor company's stock valued at $1,680,000 after acquiring an additional 659 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Needham & Company LLC reissued a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Citigroup boosted their target price on Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Raymond James Financial reaffirmed an "outperform" rating and issued a $720.00 price target (down previously from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Wells Fargo & Company boosted their price objective on shares of Monolithic Power Systems from $665.00 to $695.00 and gave the company an "equal weight" rating in a research report on Monday, June 16th. Finally, Stifel Nicolaus decreased their price objective on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $799.42.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock traded down $4.39 during trading on Friday, hitting $736.06. The company's stock had a trading volume of 383,148 shares, compared to its average volume of 804,600. 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 $35.24 billion, a PE ratio of 19.54, a P/E/G ratio of 2.94 and a beta of 1.20. The company has a fifty day simple moving average of $701.64 and a two-hundred day simple moving average of $638.14.

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

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Monday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is presently 16.56%.

Insider Buying and Selling 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 value of $69,800.00. Following the sale, the director directly owned 676 shares of the company's stock, valued at approximately $471,848. This represents a 12.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the completion of the transaction, the executive vice president owned 4,015 shares in the company, valued at approximately $2,814,515. The trade was a 74.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,200 shares of company stock worth $13,046,800. 3.40% of the stock is owned by insiders.

About Monolithic Power Systems

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.