Exchange Traded Concepts LLC Sells 387 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Exchange Traded Concepts LLC cut its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 25.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,122 shares of the semiconductor company's stock after selling 387 shares during the period. Exchange Traded Concepts LLC's holdings in Monolithic Power Systems were worth $651,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MPWR. Norges Bank acquired a new stake in Monolithic Power Systems during the fourth quarter worth approximately $493,807,000. GAMMA Investing LLC raised its position in shares of Monolithic Power Systems by 76,432.3% in the first quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company's stock valued at $451,418,000 after buying an additional 777,316 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $140,795,000. Price T Rowe Associates Inc. MD raised its position in shares of 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 in the last quarter. Finally, Siemens Fonds Invest GmbH raised its position in shares of Monolithic Power Systems by 18,567.3% in the fourth quarter. Siemens Fonds Invest GmbH now owns 200,487 shares of the semiconductor company's stock valued at $118,628,000 after buying an additional 199,413 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

NASDAQ:MPWR traded down $7.34 during mid-day trading on Friday, reaching $685.90. The stock had a trading volume of 1,074,555 shares, compared to its average volume of 547,957. The stock has a 50-day simple moving average of $647.36 and a two-hundred day simple moving average of $624.78. The stock has a market capitalization of $32.84 billion, a PE ratio of 61.41, a P/E/G ratio of 2.72 and a beta of 1.19. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, topping analysts' consensus estimates of $4.00 by $0.04. The firm had revenue of $637.55 million for the quarter, compared to analysts' expectations 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 in the previous year, the firm posted $2.81 earnings per share. Equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $1.56 per share. The ex-dividend date is Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.91%. Monolithic Power Systems's payout ratio is presently 16.56%.

Analyst Ratings Changes

A number of research firms have recently weighed in on MPWR. Oppenheimer reiterated an "outperform" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, March 21st. Raymond James Financial reiterated an "outperform" rating and issued a $720.00 price target (down from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Stifel Nicolaus dropped their price target 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. 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 research report on Monday, June 16th. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $644.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $789.42.

Insiders Place Their Bets

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $698.00, for a total value of $69,800.00. Following the sale, the director now owns 676 shares of the company's stock, valued at $471,848. The trade was a 12.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction on 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 now directly owns 4,015 shares in the company, valued at $2,814,515. This trade represents a 74.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,200 shares of company stock valued at $8,546,800. 3.40% of the stock is currently owned by insiders.

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.