Impax Asset Management Group plc Sells 29,292 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Impax Asset Management Group plc lowered its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 12.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 208,618 shares of the semiconductor company's stock after selling 29,292 shares during the period. Impax Asset Management Group plc owned approximately 0.44% of Monolithic Power Systems worth $120,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in MPWR. Brighton Jones LLC boosted its position in Monolithic Power Systems by 46.0% in the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company's stock valued at $376,000 after buying an additional 200 shares during the period. SVB Wealth LLC acquired a new position in Monolithic Power Systems in the fourth quarter valued at $215,000. Smartleaf Asset Management LLC increased its stake in shares of Monolithic Power Systems by 10.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 272 shares of the semiconductor company's stock worth $164,000 after acquiring an additional 25 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Monolithic Power Systems by 42.3% during the fourth quarter. Jones Financial Companies Lllp now owns 1,249 shares of the semiconductor company's stock worth $739,000 after acquiring an additional 371 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Monolithic Power Systems during the fourth quarter worth about $214,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock traded up $20.14 during trading on Tuesday, hitting $761.31. 504,198 shares of the company's stock traded hands, compared to its average volume of 804,493. The firm's fifty day moving average price is $693.72 and its 200 day moving average price is $635.69. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64. The company has a market cap of $36.45 billion, a PE ratio of 20.21, a PEG ratio of 2.94 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 EPS for the quarter, beating analysts' consensus estimates of $4.00 by $0.04. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. The firm had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. During the same period in the previous year, the business earned $2.81 earnings per share. The company's revenue for the quarter was up 39.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $1.56 dividend. This represents a $6.24 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Monday, June 30th. Monolithic Power Systems's payout ratio is presently 16.56%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $820.00 to $940.00 and gave the stock an "overweight" rating in a report on Tuesday. Needham & Company LLC reissued a "buy" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 2nd. TD Cowen upped their price target on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Raymond James Financial restated an "outperform" rating and set a $720.00 target price (down previously from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Finally, Stifel Nicolaus decreased their price target on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and ten have given a buy 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 $799.42.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 6,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $750.00, for a total value of $4,500,000.00. Following the completion of the sale, the chief financial officer owned 46,939 shares of the company's stock, valued at approximately $35,204,250. This represents a 11.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $698.00, for a total transaction of $69,800.00. Following the completion of the transaction, the director directly owned 676 shares of the company's stock, valued at approximately $471,848. This trade represents a 12.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,200 shares of company stock valued at $13,046,800. Corporate 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.