Cynosure Group LLC Has $361,000 Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Key Points

• Cynosure Group LLC has significantly cut its stake in Monolithic Power Systems by 81.8%, selling 2,809 shares and now holding only 623 shares worth $361,000.
• Major hedge funds such as Townsquare Capital and Mitsubishi UFJ Asset Management have increased their positions in the company, indicating confidence in its future performance.
• Monolithic Power Systems recently reported quarterly earnings of $4.21 per share, exceeding expectations, and announced a quarterly dividend of $1.56 per share, reflecting a dividend yield of 0.8%.

Cynosure Group LLC cut its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 81.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 623 shares of the semiconductor company's stock after selling 2,809 shares during the period. Cynosure Group LLC's holdings in Monolithic Power Systems were worth $361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Beverly Hills Private Wealth LLC grew its position in Monolithic Power Systems by 3.2% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 638 shares of the semiconductor company's stock worth $370,000 after purchasing an additional 20 shares during the last quarter. Cromwell Holdings LLC lifted its holdings in Monolithic Power Systems by 18.7% during the 1st quarter. Cromwell Holdings LLC now owns 127 shares of the semiconductor company's stock valued at $74,000 after purchasing an additional 20 shares during the last quarter. Burney Co. lifted its holdings in Monolithic Power Systems by 2.2% during the 1st quarter. Burney Co. now owns 946 shares of the semiconductor company's stock valued at $549,000 after purchasing an additional 20 shares during the last quarter. Kestra Private Wealth Services LLC lifted its holdings in Monolithic Power Systems by 2.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 897 shares of the semiconductor company's stock valued at $520,000 after purchasing an additional 25 shares during the last quarter. Finally, TrinityPoint Wealth LLC raised its stake in shares of Monolithic Power Systems by 5.6% in the fourth quarter. TrinityPoint Wealth LLC now owns 513 shares of the semiconductor company's stock worth $303,000 after acquiring an additional 27 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Trading Up 5.4%

NASDAQ:MPWR traded up $43.05 during midday trading on Tuesday, reaching $840.56. The company had a trading volume of 713,712 shares, compared to its average volume of 654,728. The stock's fifty day simple moving average is $734.63 and its 200-day simple moving average is $658.40. The firm has a market capitalization of $40.25 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 2.97 and a beta of 1.18. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month 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 (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.09. The firm had revenue of $664.57 million during the quarter, compared to analysts' expectations of $648.74 million. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%. Monolithic Power Systems's revenue was up 31.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.17 earnings per share. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 30th. Monolithic Power Systems's dividend payout ratio is 16.25%.

Insider Buying and Selling

In other news, CFO Theodore Blegen sold 6,000 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $750.00, for a total value of $4,500,000.00. Following the transaction, the chief financial officer directly owned 46,939 shares of the company's stock, valued at approximately $35,204,250. This represents a 11.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Deming Xiao sold 39,999 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $780.00, for a total transaction of $31,199,220.00. Following the transaction, the executive vice president directly owned 121,605 shares in the company, 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 a total of 48,999 shares of company stock valued at $37,949,220 over the last three months. Corporate insiders own 3.40% of the company's stock.

Analyst Ratings Changes

MPWR has been the subject of several analyst reports. Raymond James Financial reiterated an "outperform" rating and set a $875.00 price target (up previously from $720.00) on shares of Monolithic Power Systems in a research report on Friday, August 1st. Oppenheimer reaffirmed an "outperform" rating and set a $800.00 price target (up from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. Stifel Nicolaus upped their price target on shares of Monolithic Power Systems from $880.00 to $930.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Loop Capital upped 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. Finally, TD Cowen upped their price target on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $838.09.

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.