Groupe la Francaise Sells 1,300 Shares of Monolithic Power Systems, Inc. $MPWR

Key Points

• Groupe la Française cut its Monolithic Power Systems stake by 32.6% in the second quarter, selling 1,300 shares and retaining 2,692 shares valued at approximately $3.72 million.
• Institutional investors own 93.46% of MPWR, while insiders sold 160 shares worth about $215,945 during the latest quarter.
• Monolithic Power Systems exceeded quarterly expectations with $6.50 in EPS and $980.64 million in revenue, up 47.6% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $1,731.42.

Groupe la Francaise lessened its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 32.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,692 shares of the semiconductor company's stock after selling 1,300 shares during the quarter. Groupe la Francaise's holdings in Monolithic Power Systems were worth $3,721,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. California State Teachers Retirement System lifted its position in shares of Monolithic Power Systems by 132,513.9% in the second quarter. California State Teachers Retirement System now owns 95,963,431 shares of the semiconductor company's stock worth $132,656,008,000 after purchasing an additional 95,891,068 shares in the last quarter. BlackRock Inc. bought a new position in Monolithic Power Systems in the second quarter valued at $7,727,289,000. State Street Corp increased its stake in Monolithic Power Systems by 2.1% in the 4th quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company's stock valued at $1,979,610,000 after buying an additional 45,715 shares during the last quarter. Corient Private Wealth LLC increased its stake in Monolithic Power Systems by 3,719.6% in the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company's stock valued at $1,855,476,000 after buying an additional 1,993,576 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Monolithic Power Systems by 7.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company's stock worth $1,533,013,000 after buying an additional 117,596 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, Director Kuo Wei Chang sold 50 shares of the company's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the transaction, the director directly owned 515 shares of the company's stock, valued at $660,008.55. This represents a 8.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of the 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 transaction, the executive vice president owned 1,119 shares in the company, valued at $1,503,868.86. The trade was a 2.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 160 shares of company stock worth $215,945. 3.60% of the stock is owned by corporate insiders.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $1,223.86 on Tuesday. The firm has a market capitalization of $60.14 billion, a PE ratio of 75.04 and a beta of 1.66. The company's 50-day moving average is $1,326.35 and its 200-day moving average is $1,353.81. Monolithic Power Systems, Inc. has a fifty-two week low of $830.00 and a fifty-two week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, topping the consensus estimate of $5.87 by $0.63. The business had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. Monolithic Power Systems's revenue was up 47.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.21 EPS. Analysts predict that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems's dividend payout ratio is presently 49.05%.

Wall Street Analyst Weigh In

MPWR has been the subject of a number of recent research reports. KeyCorp increased their price objective on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Wall Street Zen upgraded Monolithic Power Systems from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Arete Research set a $2,013.00 price target on Monolithic Power Systems and gave the company a "buy" rating in a research report on Thursday, August 20th. Truist Financial raised their price target on 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. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and set a $1,575.00 price target on shares of Monolithic Power Systems in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and an average price target of $1,731.42.

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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