Envestnet Portfolio Solutions Inc. Sells 2,844 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Envestnet Portfolio Solutions Inc. trimmed its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 34.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,454 shares of the semiconductor company's stock after selling 2,844 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Monolithic Power Systems were worth $3,163,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Boston Family Office LLC boosted its position in shares of Monolithic Power Systems by 1,031.6% during the 4th quarter. Boston Family Office LLC now owns 2,614 shares of the semiconductor company's stock worth $1,547,000 after acquiring an additional 2,383 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Monolithic Power Systems during the fourth quarter worth $454,000. Plato Investment Management Ltd boosted its holdings in shares of Monolithic Power Systems by 257.4% in the 4th quarter. Plato Investment Management Ltd now owns 3,785 shares of the semiconductor company's stock valued at $2,248,000 after purchasing an additional 2,726 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new stake in shares of Monolithic Power Systems in the 4th quarter valued at $11,834,000. Finally, Park National Corp OH bought a new position in shares of Monolithic Power Systems in the 1st quarter valued at $19,507,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems 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 completion of the sale, the executive vice president now directly owns 4,015 shares in the company, valued at approximately $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $698.00, for a total value of $69,800.00. Following the transaction, the director now owns 676 shares in the company, valued at $471,848. The trade was a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,200 shares of company stock worth $8,546,800 over the last three months. 3.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on MPWR shares. KeyCorp dropped their price objective on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Raymond James Financial reissued an "outperform" rating and set a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $665.00 to $695.00 and gave the company an "equal weight" rating in a report on Monday, June 16th. Finally, Oppenheimer reiterated an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, March 21st. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and an average price target of $789.42.

Monolithic Power Systems Stock Performance

MPWR stock opened at $685.90 on Monday. The company has a market capitalization of $32.84 billion, a P/E ratio of 18.21, a PEG ratio of 2.72 and a beta of 1.19. The company has a fifty day moving average price of $647.36 and a 200-day moving average price of $624.78. 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 announced its earnings results 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. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The business had revenue of $637.55 million during the quarter, compared to analyst estimates of $633.43 million. During the same period last year, the company earned $2.81 EPS. Monolithic Power Systems's revenue for the quarter was up 39.2% compared to the same quarter last year. As a group, sell-side analysts forecast 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 will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Monday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is presently 16.56%.

Monolithic Power Systems Company 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.

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