EULAV Asset Management Sells 13,347 Shares of Monolithic Power Systems, Inc. $MPWR

Key Points

• EULAV Asset Management cut its Monolithic Power Systems stake by 40.8% in the third quarter, selling 13,347 shares and retaining 19,330 shares valued at approximately $26.0 million.
• Institutional investors own 93.46% of MPWR, while company insiders sold 130 shares worth $175,397 over the past 90 days.
• Monolithic Power Systems reported stronger-than-expected quarterly results, with $6.50 in EPS and $980.64 million in revenue; analysts maintain a “Moderate Buy” consensus with an average price target of $1,692.64.

EULAV Asset Management lessened its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 40.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,330 shares of the semiconductor company's stock after selling 13,347 shares during the period. EULAV Asset Management's holdings in Monolithic Power Systems were worth $26,042,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC grew its stake in Monolithic Power Systems by 8.1% during the 3rd quarter. Signaturefd LLC now owns 1,125 shares of the semiconductor company's stock valued at $1,516,000 after acquiring an additional 84 shares in the last quarter. Simplicity Wealth LLC increased its holdings in shares of Monolithic Power Systems by 4.4% in the 3rd quarter. Simplicity Wealth LLC now owns 706 shares of the semiconductor company's stock valued at $952,000 after purchasing an additional 30 shares during the period. Gibbs Wealth Management increased its holdings in shares of Monolithic Power Systems by 9.1% in the 3rd quarter. Gibbs Wealth Management now owns 685 shares of the semiconductor company's stock valued at $923,000 after purchasing an additional 57 shares during the period. Lantern Wealth Advisors LLC purchased a new stake in shares of Monolithic Power Systems in the third quarter worth approximately $206,000. Finally, Fifth Third Wealth Advisors LLC lifted its position in shares of Monolithic Power Systems by 5.1% in the third quarter. Fifth Third Wealth Advisors LLC now owns 497 shares of the semiconductor company's stock worth $670,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the completion of the sale, the executive vice president directly owned 1,119 shares in the company, valued at $1,503,868.86. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of the business's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the completion of the sale, the director directly owned 515 shares of the company's stock, valued at $660,008.55. This represents a 8.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 130 shares of company stock worth $175,397 in the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $1,140.12 on Monday. Monolithic Power Systems, Inc. has a fifty-two week low of $833.18 and a fifty-two week high of $1,714.09. The stock's 50-day moving average is $1,286.36 and its two-hundred day moving average is $1,397.23. The firm has a market cap of $56.03 billion, a P/E ratio of 69.90 and a beta of 1.68.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping analysts' consensus estimates of $5.87 by $0.63. The company had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%. The business's quarterly revenue was up 47.6% on a year-over-year basis. During the same period last year, the business earned $4.21 EPS. As a group, research analysts expect that Monolithic Power Systems, Inc. will post 23.95 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $2.00 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems's dividend payout ratio is currently 49.05%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Arete Research began coverage on shares of Monolithic Power Systems in a report on Thursday, August 20th. They set a "buy" rating and a $2,013.00 price target for the company. Truist Financial upped their price objective on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Wells Fargo & Company dropped their price objective on shares of Monolithic Power Systems from $1,800.00 to $1,550.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 20th. Raymond James Financial reiterated an "outperform" rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. Finally, Needham & Company LLC lifted their target price on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and an average price target of $1,692.64.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc NASDAQ: MPWR is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help regulate, convert, distribute and control electrical power in electronic systems, supporting applications that require efficient and reliable power delivery.

The company's portfolio includes integrated circuits, power modules, battery-management products, motor drivers, LED drivers and related analog and mixed-signal semiconductor solutions.

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