GPS Wealth Strategies Group LLC Trims Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

GPS Wealth Strategies Group LLC decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 70.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 309 shares of the semiconductor company's stock after selling 736 shares during the quarter. GPS Wealth Strategies Group LLC's holdings in Monolithic Power Systems were worth $179,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC raised its holdings in Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 24 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Monolithic Power Systems during the fourth quarter worth approximately $27,000. Fourth Dimension Wealth LLC acquired a new stake in Monolithic Power Systems during the fourth quarter worth approximately $29,000. Itau Unibanco Holding S.A. raised its holdings in Monolithic Power Systems by 637.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 51 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in Monolithic Power Systems during the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $650.00, for a total transaction of $65,000.00. Following the sale, the director now directly owns 776 shares in the company, valued at approximately $504,400. The trade was a 11.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction on 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 sale, the executive vice president now owns 4,015 shares in the company, valued at $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,200 shares of company stock worth $8,546,800. Corporate insiders own 3.40% of the company's stock.

Monolithic Power Systems Stock Performance

MPWR traded down $45.56 during trading on Friday, hitting $673.01. The stock had a trading volume of 1,027,854 shares, compared to its average volume of 802,884. The firm has a market capitalization of $32.22 billion, a P/E ratio of 18.30, a PEG ratio of 2.60 and a beta of 1.19. The company's 50-day moving average price is $629.90 and its 200 day moving average price is $620.27. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.00 by $0.04. The company 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 80.95% and a return on equity of 20.36%. Monolithic Power Systems's revenue was up 39.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.81 EPS. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

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 given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 0.93%. Monolithic Power Systems's payout ratio is currently 16.56%.

Analyst Ratings Changes

A number of analysts have weighed in on MPWR shares. Needham & Company LLC reissued a "buy" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 2nd. KeyCorp cut their price objective on shares of Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Oppenheimer reissued an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Friday, March 21st. Citigroup raised their price objective on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Stifel Nicolaus cut their price objective on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $786.92.

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.