Edgestream Partners L.P. Decreases Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Edgestream Partners L.P. lowered its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 37.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,117 shares of the semiconductor company's stock after selling 5,423 shares during the quarter. Edgestream Partners L.P.'s holdings in Monolithic Power Systems were worth $5,288,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Leelyn Smith LLC raised its position in shares of Monolithic Power Systems by 5.6% in the 1st quarter. Leelyn Smith LLC now owns 3,131 shares of the semiconductor company's stock worth $1,816,000 after purchasing an additional 165 shares during the last quarter. Fortress Financial Solutions LLC grew its stake in shares of Monolithic Power Systems by 18.7% during the 1st quarter. Fortress Financial Solutions LLC now owns 697 shares of the semiconductor company's stock valued at $404,000 after purchasing an additional 110 shares during the period. CWM LLC grew its stake in shares of Monolithic Power Systems by 79.0% during the 1st quarter. CWM LLC now owns 2,434 shares of the semiconductor company's stock valued at $1,412,000 after purchasing an additional 1,074 shares during the period. Emerald Advisers LLC grew its stake in shares of Monolithic Power Systems by 9.7% during the 1st quarter. Emerald Advisers LLC now owns 1,499 shares of the semiconductor company's stock valued at $869,000 after purchasing an additional 132 shares during the period. Finally, Ballentine Partners LLC bought a new stake in shares of Monolithic Power Systems during the 1st quarter valued at about $221,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 6,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the sale, the chief financial officer directly owned 46,939 shares of the company's stock, valued at $35,204,250. This represents a 11.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $701.00, for a total value of $8,412,000.00. Following the sale, the executive vice president directly owned 4,015 shares in the company, valued at $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,200 shares of company stock valued at $13,046,800 in the last ninety days. Corporate insiders own 3.40% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $644.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. Citigroup raised their target price on Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Needham & Company LLC reiterated a "buy" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Oppenheimer boosted their price objective on Monolithic Power Systems from $700.00 to $800.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, KeyCorp boosted their price objective on Monolithic Power Systems from $820.00 to $940.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $802.33.

Monolithic Power Systems Stock Down 2.7%

MPWR stock traded down $19.59 during midday trading on Wednesday, hitting $698.03. The company's stock had a trading volume of 378,724 shares, compared to its average volume of 804,147. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64. The firm has a market capitalization of $33.42 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 2.86 and a beta of 1.20. The company has a 50 day moving average of $705.38 and a two-hundred day moving average of $639.70.

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 (EPS) for the quarter, topping the consensus estimate of $4.00 by $0.04. The business had revenue of $637.55 million for the quarter, compared to analysts' expectations of $633.43 million. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The company's revenue for the quarter was up 39.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.81 EPS. On average, 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $1.56 per share. The ex-dividend date was Monday, June 30th. This represents a $6.24 annualized dividend and a dividend yield of 0.89%. Monolithic Power Systems's dividend payout ratio (DPR) is 16.56%.

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.