Generate Investment Management Ltd Has $5.42 Million Holdings in Monolithic Power Systems, Inc. $MPWR

Key Points

• Generate Investment Management Ltd cut its Monolithic Power Systems stake by 63.1% in the second quarter, leaving 3,922 shares valued at approximately $5.42 million. Institutional investors and hedge funds collectively own 93.46% of MPWR.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $1,705.82; Truist and Wells Fargo recently raised their targets to $1,889 and $1,800, respectively.
• Monolithic Power Systems exceeded quarterly expectations, reporting $6.50 EPS and $980.64 million in revenue, up 47.6% year over year. The company also pays a quarterly dividend of $2 per share, while insiders have sold $21.8 million of stock over the past three months.

Generate Investment Management Ltd decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 63.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,922 shares of the semiconductor company's stock after selling 6,718 shares during the quarter. Generate Investment Management Ltd's holdings in Monolithic Power Systems were worth $5,422,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. IFP Advisors Inc increased its holdings in Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock valued at $35,000 after buying an additional 24 shares during the period. Covestor Ltd lifted its holdings in shares of Monolithic Power Systems by 29.0% during the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 9 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of Monolithic Power Systems by 233.3% during the 1st quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company's stock worth $44,000 after acquiring an additional 28 shares during the period. Greenline Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems during the 4th quarter worth approximately $38,000. Finally, Essential Partners LLC boosted its position in shares of Monolithic Power Systems by 30.3% during the 1st quarter. Essential Partners LLC now owns 43 shares of the semiconductor company's stock worth $47,000 after acquiring an additional 10 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MPWR shares. Truist Financial lifted 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 upped their target price on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Oppenheimer set a $1,700.00 target price on Monolithic Power Systems in a report on Friday, May 1st. Citigroup reiterated a "buy" rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, Rosenblatt Securities reissued a "neutral" rating and set a $1,575.00 price target on shares of Monolithic Power Systems in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Monolithic Power Systems currently has an average rating of "Moderate Buy" and a consensus target price of $1,705.82.

Monolithic Power Systems Trading Down 4.4%

Shares of Monolithic Power Systems stock opened at $1,362.55 on Friday. The firm has a market capitalization of $66.96 billion, a PE ratio of 83.54 and a beta of 1.69. The firm's 50 day moving average is $1,396.06 and its 200 day moving average is $1,338.29. Monolithic Power Systems, Inc. has a 1 year low of $800.97 and a 1 year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.87 by $0.63. The business had revenue of $980.64 million during the quarter, compared to analysts' expectations of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The firm's quarterly revenue was up 47.6% compared to the same quarter last year. During the same period in the prior year, the company earned $4.21 EPS. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $2.00 per share. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems's dividend payout ratio is 49.05%.

Insider Activity at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 50 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total transaction of $71,000.00. Following the sale, the director owned 565 shares in the company, valued at $802,300. The trade was a 8.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of the business's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the sale, the executive vice president owned 1,119 shares in the company, valued at $1,503,868.86. This represents a 2.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 13,191 shares of company stock valued at $21,807,015 over the last three months. 3.60% of the stock is currently owned by corporate insiders.

About Monolithic Power Systems

Monolithic Power Systems NASDAQ: MPWR is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS's product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.

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