Gilbert & Cook Inc. Sells 737 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Key Points

• Gilbert & Cook Inc. has reduced its holdings in Monolithic Power Systems, Inc. by 53.5%, holding now only 640 shares valued at $371,000.
• Significant institutional movements include Norges Bank acquiring a position worth approximately $493.8 million and GAMMA Investing LLC increasing holdings by an astonishing 76,432.3%.
• Analysts have revised price targets for Monolithic Power Systems, with estimates now ranging from $675.00 to $800.00, indicating a strong bullish sentiment towards the stock.

Gilbert & Cook Inc. reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 53.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 640 shares of the semiconductor company's stock after selling 737 shares during the period. Gilbert & Cook Inc.'s holdings in Monolithic Power Systems were worth $371,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in shares of Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock valued at $376,000 after acquiring an additional 200 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Monolithic Power Systems by 10.4% in the fourth quarter. LPL Financial LLC now owns 108,743 shares of the semiconductor company's stock valued at $64,343,000 after acquiring an additional 10,233 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Monolithic Power Systems by 7.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,838 shares of the semiconductor company's stock valued at $17,655,000 after acquiring an additional 2,028 shares in the last quarter. Financial Counselors Inc. grew its holdings in shares of Monolithic Power Systems by 4.0% in the fourth quarter. Financial Counselors Inc. now owns 7,022 shares of the semiconductor company's stock valued at $4,155,000 after acquiring an additional 269 shares in the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at approximately $473,000. 93.46% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Maurice Sciammas sold 12,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the transaction, the executive vice president directly owned 4,015 shares of the company's stock, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $698.00, for a total value of $69,800.00. Following the transaction, the director directly owned 676 shares in the company, valued at $471,848. This trade represents a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,200 shares of company stock valued at $13,046,800. 3.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MPWR has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. Oppenheimer reissued an "outperform" rating and set a $800.00 price objective (up from $700.00) on shares of Monolithic Power Systems in a report on Tuesday, July 15th. Wells Fargo & Company increased their price objective on Monolithic Power Systems from $695.00 to $730.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Citigroup increased their price objective on Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, KeyCorp raised their price target on Monolithic Power Systems from $820.00 to $940.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $805.67.

Monolithic Power Systems Price Performance

NASDAQ MPWR traded up $21.01 during trading hours on Monday, reaching $735.69. 124,270 shares of the stock traded hands, compared to its average volume of 812,917. The stock has a 50 day simple moving average of $709.86 and a two-hundred day simple moving average of $645.90. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64. The company has a market cap of $35.22 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 2.84 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 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $633.43 million. During the same quarter last year, the business posted $2.81 earnings per share. The company's revenue for the quarter was up 39.2% on a year-over-year basis. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $1.56 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.85%. Monolithic Power Systems's dividend payout ratio (DPR) is currently 16.56%.

About Monolithic Power Systems

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.