Impax Asset Management Group plc Decreases Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Impax Asset Management Group plc trimmed its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 12.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm 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 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. raised its position in Monolithic Power Systems by 0.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company's stock valued at $1,893,000 after purchasing an additional 14 shares during the period. Keybank National Association OH raised its position in Monolithic Power Systems by 1.2% in the fourth quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company's stock valued at $1,079,000 after purchasing an additional 22 shares during the period. Truvestments Capital LLC raised its position in Monolithic Power Systems by 5.0% in the fourth quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company's stock valued at $273,000 after purchasing an additional 22 shares during the period. Smartleaf Asset Management LLC raised its position in Monolithic Power Systems by 10.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 272 shares of the semiconductor company's stock valued at $164,000 after purchasing an additional 25 shares during the period. Finally, TrinityPoint Wealth LLC raised its stake in shares of Monolithic Power Systems by 5.6% in the 4th quarter. TrinityPoint Wealth LLC now owns 513 shares of the semiconductor company's stock valued at $303,000 after acquiring an additional 27 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the completion of the transaction, the executive vice president owned 4,015 shares in the company, valued at approximately $2,814,515. This represents a 74.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 6,000 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the transaction, the chief financial officer owned 46,939 shares of the company's stock, valued at approximately $35,204,250. The trade was a 11.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,200 shares of company stock worth $13,046,800 in the last 90 days. Corporate insiders own 3.40% of the company's stock.

Monolithic Power Systems Stock Down 0.7%

NASDAQ MPWR traded down $5.41 on Friday, hitting $758.99. 400,080 shares of the stock were exchanged, compared to its average volume of 805,148. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The company has a market cap of $36.34 billion, a PE ratio of 20.15, a PEG ratio of 3.01 and a beta of 1.20. The company has a 50-day moving average price of $687.11 and a 200-day moving average price of $633.47.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping the consensus estimate 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 company had revenue of $637.55 million during the quarter, compared to analysts' expectations of $633.43 million. During the same quarter in the previous year, the business posted $2.81 EPS. The firm's revenue was up 39.2% on a year-over-year basis. As a group, equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MPWR shares. Raymond James Financial reissued an "outperform" rating and issued a $720.00 price target (down from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Rosenblatt Securities reissued a "neutral" rating and issued a $644.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Wells Fargo & Company boosted their price target on shares of Monolithic Power Systems from $665.00 to $695.00 and gave the company an "equal weight" rating in a research note on Monday, June 16th. KeyCorp reduced their price target on shares of Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Finally, TD Cowen boosted their price target on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $789.42.

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.