Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stake Lessened by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 9.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 4,455 shares of the semiconductor company's stock after selling 454 shares during the period. Crossmark Global Holdings Inc.'s holdings in Monolithic Power Systems were worth $2,584,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in MPWR. Vanguard Group Inc. increased its holdings in shares of Monolithic Power Systems by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock worth $3,446,223,000 after buying an additional 74,046 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Monolithic Power Systems by 16.3% during the 4th 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. Geode Capital Management LLC increased its stake in Monolithic Power Systems by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company's stock valued at $807,158,000 after buying an additional 31,295 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Monolithic Power Systems by 7.5% in the fourth quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock worth $687,841,000 after acquiring an additional 81,412 shares during the period. Finally, Brown Advisory Inc. grew its position in Monolithic Power Systems by 0.5% in the fourth quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company's stock worth $583,420,000 after acquiring an additional 5,274 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Trading Down 0.4%

MPWR stock traded down $2.60 during trading on Friday, hitting $737.85. 168,504 shares of the company's stock were exchanged, compared to its average volume of 803,073. The business has a 50-day moving average price of $699.65 and a two-hundred day moving average price of $637.34. The stock has a market capitalization of $35.33 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 2.98 and a beta of 1.20. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating analysts' consensus estimates of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The company had revenue of $637.55 million during the quarter, compared to analysts' expectations of $633.43 million. During the same quarter in the previous year, the business earned $2.81 earnings per share. The firm's revenue for the quarter was up 39.2% on a year-over-year basis. On average, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $1.56 dividend. This represents a $6.24 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Monday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is 16.56%.

Insider Activity at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 6,000 shares of Monolithic Power Systems stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the sale, the chief financial officer owned 46,939 shares of the company's stock, valued at $35,204,250. The trade was a 11.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $698.00, for a total value of $69,800.00. Following the completion of the transaction, the director directly owned 676 shares of the company's stock, valued at $471,848. This represents a 12.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,200 shares of company stock valued at $13,046,800 over the last quarter. Insiders own 3.40% of the company's stock.

Analyst Ratings Changes

MPWR has been the subject of several recent research reports. Oppenheimer reiterated an "outperform" rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, March 21st. Wells Fargo & Company raised their price objective on Monolithic Power Systems from $665.00 to $695.00 and gave the company an "equal weight" rating in a research note on Monday, June 16th. TD Cowen lifted their target price on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Finally, Stifel Nicolaus lowered their price target on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $799.42.

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.