Envestnet Asset Management Inc. cut its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 3.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,518 shares of the semiconductor company's stock after selling 6,354 shares during the period. Envestnet Asset Management Inc. owned 0.35% of Monolithic Power Systems worth $97,157,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Monolithic Power Systems by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock valued at $3,446,223,000 after buying an additional 74,046 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Monolithic Power Systems by 16.3% in the fourth 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 buying an additional 214,395 shares during the period. Geode Capital Management LLC lifted its stake in Monolithic Power Systems by 2.3% in the fourth 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 period. Invesco Ltd. lifted its stake in Monolithic Power Systems by 7.5% in the fourth quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock valued at $687,841,000 after buying an additional 81,412 shares during the period. Finally, Brown Advisory Inc. lifted its stake 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 valued at $583,420,000 after buying an additional 5,274 shares during the period. 93.46% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. Oppenheimer reissued an "outperform" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, March 21st. TD Cowen boosted their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Stifel Nicolaus dropped their price target on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Raymond James Financial reissued an "outperform" rating and issued a $720.00 price target (down from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Finally, Citigroup upped their target price on Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $799.42.
Check Out Our Latest Stock Report on MPWR
Monolithic Power Systems Stock Down 1.4%
Shares of NASDAQ:MPWR opened at $740.45 on Friday. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64. The stock's 50 day moving average is $699.65 and its 200-day moving average is $637.34. The firm has a market capitalization of $35.45 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 2.98 and a beta of 1.20.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating analysts' consensus estimates of $4.00 by $0.04. The business had revenue of $637.55 million during the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. Monolithic Power Systems's quarterly revenue was up 39.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.81 EPS. Equities research 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Monday, June 30th. Monolithic Power Systems's payout ratio is currently 16.56%.
Insider Activity at Monolithic Power Systems
In related news, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction 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 completion of the sale, the executive vice president directly owned 4,015 shares of the company's stock, valued at approximately $2,814,515. This represents a 74.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 6,000 shares of the 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 completion of the sale, the chief financial officer directly owned 46,939 shares of the company's stock, valued at $35,204,250. The trade was a 11.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 18,200 shares of company stock valued at $13,046,800. 3.40% of the stock is owned by insiders.
Monolithic Power Systems Company Profile
(
Free Report)
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.
Featured Articles
Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Monolithic Power Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Monolithic Power Systems wasn't on the list.
While Monolithic Power Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
