Corient Private Wealth LLC Has $47.28 Million Stock Position in Monolithic Power Systems, Inc. $MPWR

Key Points

• Corient Private Wealth LLC trimmed its Monolithic Power Systems stake by 4.2% in the fourth quarter, but still held 51,333 shares valued at about $47.28 million.
• Insiders have been selling recently, including EVP Saria Tseng and EVP Deming Xiao; over the past 90 days, insiders sold 113,043 shares worth about $160.8 million.
• Despite the insider sales, Wall Street remains bullish: multiple analysts raised price targets, and the stock has a consensus rating of Moderate Buy with an average target price of $1,599.17.

Corient Private Wealth LLC lowered its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,333 shares of the semiconductor company's stock after selling 2,264 shares during the quarter. Corient Private Wealth LLC owned about 0.10% of Monolithic Power Systems worth $47,281,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Monolithic Power Systems in the fourth quarter worth about $34,000. IFP Advisors Inc increased its holdings in shares of Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 24 shares during the last quarter. Covestor Ltd raised its stake in shares of Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 9 shares in the last quarter. Greenline Wealth Management LLC bought a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $38,000. Finally, Torren Management LLC acquired a new stake in Monolithic Power Systems in the 4th quarter worth approximately $49,000. 93.46% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Saria Tseng sold 25,674 shares of the stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $1,010.50, for a total transaction of $25,943,577.00. Following the sale, the executive vice president directly owned 174,982 shares in the company, valued at $176,819,311. This represents a 12.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Deming Xiao sold 30,000 shares of the firm's stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the sale, the executive vice president directly owned 205,959 shares of the company's stock, valued at $340,769,463.45. This represents a 12.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 113,043 shares of company stock valued at $160,843,106. Corporate insiders own 3.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MPWR shares. KeyCorp increased their price target on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an "overweight" rating in a report on Friday, May 1st. Truist Financial set a $1,805.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 1st. Wells Fargo & Company upped their price objective on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Raymond James Financial reiterated an "outperform" rating and issued a $1,800.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, Citigroup reiterated a "buy" rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,599.17.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $1,563.70 on Monday. Monolithic Power Systems, Inc. has a 1 year low of $671.18 and a 1 year high of $1,714.09. The firm's fifty day simple moving average is $1,546.37 and its 200 day simple moving average is $1,232.21. The firm has a market capitalization of $76.82 billion, a P/E ratio of 112.74, a price-to-earnings-growth ratio of 2.80 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating analysts' consensus estimates of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The firm had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. During the same period in the prior year, the firm earned $4.04 EPS. The business's revenue was up 26.1% on a year-over-year basis. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.5%. Monolithic Power Systems's dividend payout ratio (DPR) is 57.68%.

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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