Gulf International Bank UK Ltd Decreases Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Key Points

• Gulf International Bank UK Ltd reduced its stake in Monolithic Power Systems, Inc. by 31.4% in the 1st quarter, owning 2,837 shares valued at $1,645,000.
• Monolithic Power Systems reported an earnings per share (EPS) of $4.21 for the last quarter, exceeding analyst estimates and showing a 31.0% increase in revenue year-over-year.
• Several investment firms have raised their price targets for Monolithic Power Systems, with Stifel Nicolaus increasing their target from $880 to $930, reflecting a strong buy outlook.

Gulf International Bank UK Ltd lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 31.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,837 shares of the semiconductor company's stock after selling 1,296 shares during the period. Gulf International Bank UK Ltd's holdings in Monolithic Power Systems were worth $1,645,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MPWR. Fourth Dimension Wealth LLC purchased a new stake in shares of Monolithic Power Systems during the 4th quarter worth approximately $29,000. SouthState Corp purchased a new position in Monolithic Power Systems in the 1st quarter valued at approximately $33,000. Itau Unibanco Holding S.A. grew its stake in Monolithic Power Systems by 637.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after buying an additional 51 shares in the last quarter. Meeder Asset Management Inc. grew its stake in Monolithic Power Systems by 146.4% in the 1st quarter. Meeder Asset Management Inc. now owns 69 shares of the semiconductor company's stock valued at $40,000 after buying an additional 41 shares in the last quarter. Finally, Global Financial Private Client LLC grew its stake in Monolithic Power Systems by 265.0% in the 1st quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock valued at $42,000 after buying an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $848.81 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64. The company has a market capitalization of $40.65 billion, a P/E ratio of 22.10, a P/E/G ratio of 3.21 and a beta of 1.18. The company has a fifty day moving average of $741.32 and a 200-day moving average of $661.51.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.12 by $0.09. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The company had revenue of $664.57 million during the quarter, compared to the consensus estimate of $648.74 million. During the same period in the previous year, the firm posted $3.17 EPS. The firm's revenue was up 31.0% compared to the same quarter last year. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 30th. Monolithic Power Systems's payout ratio is currently 16.25%.

Analysts Set New Price Targets

A number of research firms recently weighed in on MPWR. Stifel Nicolaus lifted their price objective on shares of Monolithic Power Systems from $880.00 to $930.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Loop Capital lifted their price objective on shares of Monolithic Power Systems from $760.00 to $800.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Oppenheimer reiterated an "outperform" rating and issued a $800.00 price objective (up from $700.00) on shares of Monolithic Power Systems in a research note on Tuesday, July 15th. Wells Fargo & Company lifted their price objective on shares of Monolithic Power Systems from $730.00 to $750.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Finally, Needham & Company LLC lifted their price objective on shares of Monolithic Power Systems from $800.00 to $820.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $838.09.

Insider Transactions at Monolithic Power Systems

In other news, Director Jeff Zhou sold 200 shares of Monolithic Power Systems stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $830.00, for a total transaction of $166,000.00. Following the completion of the sale, the director directly owned 6,204 shares of the company's stock, valued at approximately $5,149,320. The trade was a 3.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Theodore Blegen sold 3,000 shares of Monolithic Power Systems stock in a transaction on Friday, August 1st. The stock was sold at an average price of $750.00, for a total transaction of $2,250,000.00. Following the sale, the chief financial officer directly owned 43,939 shares of the company's stock, valued at $32,954,250. This represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,199 shares of company stock valued at $38,115,220. Insiders own 3.40% of the company's stock.

Monolithic Power Systems 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.

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