KBC Group NV Reduces Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

KBC Group NV decreased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 37.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,543 shares of the semiconductor company's stock after selling 8,625 shares during the quarter. KBC Group NV's holdings in Monolithic Power Systems were worth $8,434,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MPWR. OFI Invest Asset Management purchased a new position in shares of Monolithic Power Systems during the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Monolithic Power Systems during the 4th quarter worth approximately $29,000. Itau Unibanco Holding S.A. lifted its stake in shares of Monolithic Power Systems by 637.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 51 shares during the last quarter. AlphaQuest LLC purchased a new position in Monolithic Power Systems during the 4th quarter valued at $41,000. Finally, Global Financial Private Client LLC grew its position 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 acquiring an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on MPWR shares. Raymond James Financial reaffirmed an "outperform" rating and set a $720.00 target price (down from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Stifel Nicolaus decreased their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating for the company in a report on Thursday, April 17th. KeyCorp lowered their price objective on shares of Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Oppenheimer reissued an "outperform" rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, March 21st. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $789.42.

Insider Activity at Monolithic Power Systems

In related 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 value of $8,412,000.00. Following the completion of the transaction, the executive vice president directly owned 4,015 shares of the company's stock, valued at $2,814,515. This trade represents a 74.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $698.00, for a total transaction of $69,800.00. Following the sale, the director directly owned 676 shares in the company, valued at approximately $471,848. This represents a 12.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,200 shares of company stock valued at $13,046,800 in the last ninety days. Corporate insiders own 3.40% of the company's stock.

Monolithic Power Systems Stock Down 0.7%

Shares of Monolithic Power Systems stock traded down $5.41 on Friday, reaching $758.99. The stock had a trading volume of 400,080 shares, compared to its average volume of 802,654. The stock has a market capitalization of $36.34 billion, a P/E ratio of 20.15, a P/E/G ratio of 3.03 and a beta of 1.20. The company has a 50 day moving average price of $683.60 and a 200 day moving average price of $632.33. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.04. The company had revenue of $637.55 million during the quarter, compared to the consensus estimate of $633.43 million. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. Monolithic Power Systems's revenue was up 39.2% compared to the same quarter last year. During the same period last year, the firm earned $2.81 earnings per share. On average, analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

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

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.