Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Jupiter Asset Management Ltd.

Key Points

• Jupiter Asset Management Ltd. has reduced its holdings in Monolithic Power Systems, Inc. by 2.6%, now owning 26,001 shares valued at approximately $15.08 million.
• Multiple analysts have recently increased their price targets for Monolithic Power Systems, with TD Cowen raising it from $600 to $675 and others also boosting their targets, indicating a positive outlook for the company.
• The company declared a quarterly dividend of $1.56 per share, reflecting a yield of 0.8% and a payout ratio of 16.56%.

Jupiter Asset Management Ltd. decreased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 2.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,001 shares of the semiconductor company's stock after selling 689 shares during the period. Jupiter Asset Management Ltd. owned about 0.05% of Monolithic Power Systems worth $15,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of MPWR. Price T Rowe Associates Inc. MD boosted its holdings in Monolithic Power Systems by 16.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock worth $904,297,000 after buying an additional 214,395 shares during the period. Invesco Ltd. lifted its stake in Monolithic Power Systems by 7.5% in the 4th quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock worth $687,841,000 after purchasing an additional 81,412 shares in the last quarter. Brown Advisory Inc. lifted its stake in Monolithic Power Systems by 0.5% in the 4th quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company's stock worth $583,420,000 after purchasing an additional 5,274 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Monolithic Power Systems by 76,432.3% during the 1st quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company's stock valued at $451,418,000 after buying an additional 777,316 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Monolithic Power Systems by 22.8% during the 4th quarter. Northern Trust Corp now owns 509,293 shares of the semiconductor company's stock valued at $301,349,000 after buying an additional 94,414 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Price Performance

MPWR stock traded down $8.94 during mid-day trading on Thursday, reaching $796.91. The company had a trading volume of 146,222 shares, compared to its average volume of 817,969. The company has a market capitalization of $38.16 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 3.06 and a beta of 1.18. The firm has a 50 day moving average of $723.63 and a 200 day moving average of $654.48. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64.

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

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $1.56 per share. The ex-dividend date was Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.8%. Monolithic Power Systems's dividend payout ratio (DPR) is currently 16.25%.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 4,015 shares in the company, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Theodore Blegen sold 6,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were 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 in the company, valued at approximately $35,204,250. This represents a 11.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 61,099 shares of company stock valued at $46,431,020 in the last ninety days. Company insiders own 3.40% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MPWR. Stifel Nicolaus upped their target price on shares of Monolithic Power Systems from $880.00 to $930.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Needham & Company LLC upped their price target on shares of Monolithic Power Systems from $800.00 to $820.00 and gave the company a "buy" rating in a report on Friday, August 1st. Citigroup reiterated a "buy" rating and set a $825.00 price target (up from $785.00) on shares of Monolithic Power Systems in a report on Monday. TD Cowen upped their price target on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, KeyCorp upped their price target on shares of Monolithic Power Systems from $940.00 to $950.00 and gave the company an "overweight" rating in a report 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's stock. Based on data from MarketBeat, Monolithic Power Systems currently has an average rating of "Moderate Buy" and an average target price of $838.09.

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.