DekaBank Deutsche Girozentrale Decreases Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

DekaBank Deutsche Girozentrale reduced its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 0.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,045 shares of the semiconductor company's stock after selling 398 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.40% of Monolithic Power Systems worth $111,681,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. OFI Invest Asset Management purchased a new stake in Monolithic Power Systems in the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC purchased a new stake in Monolithic Power Systems in the 4th quarter worth approximately $29,000. Itau Unibanco Holding S.A. lifted its stake in Monolithic Power Systems by 637.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 51 shares in the last quarter. AlphaQuest LLC purchased a new stake in Monolithic Power Systems in the 4th quarter worth approximately $41,000. Finally, Global Financial Private Client LLC lifted its stake in Monolithic Power Systems by 265.0% in the 1st 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 in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the sale, the executive vice president owned 4,015 shares of the company's stock, valued at approximately $2,814,515. The trade was a 74.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $698.00, for a total transaction of $69,800.00. Following the transaction, the director directly owned 676 shares of the company's stock, valued at approximately $471,848. This trade represents a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,200 shares of company stock valued at $13,046,800. Corporate insiders own 3.40% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on MPWR. Citigroup increased their price target on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. TD Cowen upped their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Stifel Nicolaus cut their target price on shares of 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. KeyCorp upped their target price on shares of Monolithic Power Systems from $820.00 to $940.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $799.42.

Monolithic Power Systems Stock Performance

Shares of MPWR stock traded down $4.39 on Friday, hitting $736.06. 383,148 shares of the company's stock traded hands, compared to its average volume of 805,771. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The company's fifty day simple moving average is $701.64 and its 200 day simple moving average is $638.27. The stock has a market capitalization of $35.24 billion, a price-to-earnings ratio of 19.54, a P/E/G ratio of 2.92 and a beta of 1.20.

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

Monolithic Power Systems Dividend Announcement

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

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.