Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Lbp Am Sa

LBP AM SA lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 37.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,825 shares of the semiconductor company's stock after selling 1,101 shares during the period. LBP AM SA's holdings in Monolithic Power Systems were worth $1,058,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC increased its holdings in Monolithic Power Systems by 3.1% in the first quarter. Linden Thomas Advisory Services LLC now owns 4,121 shares of the semiconductor company's stock valued at $2,390,000 after buying an additional 124 shares in the last quarter. Greenleaf Trust increased its holdings in Monolithic Power Systems by 6.1% in the first quarter. Greenleaf Trust now owns 1,023 shares of the semiconductor company's stock valued at $593,000 after buying an additional 59 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in Monolithic Power Systems by 47.1% in the first quarter. Valeo Financial Advisors LLC now owns 793 shares of the semiconductor company's stock valued at $460,000 after buying an additional 254 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in Monolithic Power Systems by 1.2% in the first quarter. Stratos Wealth Partners LTD. now owns 9,466 shares of the semiconductor company's stock valued at $5,490,000 after buying an additional 114 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC increased its holdings in Monolithic Power Systems by 3.2% in the first quarter. Beverly Hills Private Wealth LLC now owns 638 shares of the semiconductor company's stock valued at $370,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of research analyst reports. TD Cowen increased their target price 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. KeyCorp increased their target price on shares of Monolithic Power Systems from $820.00 to $940.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $644.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. Oppenheimer reissued an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, March 21st. Finally, Raymond James Financial reissued an "outperform" rating and set a $720.00 price objective (down from $925.00) on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of "Moderate Buy" and an average target price of $799.42.

Insider Buying and Selling

In other Monolithic Power Systems news, CFO Theodore Blegen sold 6,000 shares of Monolithic Power Systems stock in a transaction 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 transaction, the chief financial officer owned 46,939 shares in the company, valued at $35,204,250. This trade represents a 11.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems 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 trade represents a 74.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,200 shares of company stock worth $13,046,800. 3.40% of the stock is owned by insiders.

Monolithic Power Systems Stock Performance

NASDAQ MPWR traded down $4.39 during mid-day trading on Friday, reaching $736.06. 383,148 shares of the stock were exchanged, compared to its average volume of 805,771. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The business's fifty day simple moving average is $701.64 and its 200 day simple moving average is $638.27. The stock has a market capitalization of $35.24 billion, a PE ratio of 19.54, a PEG ratio of 2.92 and a beta of 1.20.

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 (EPS) for the quarter, topping 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 quarter last year, the business earned $2.81 earnings per share. Monolithic Power Systems's revenue was up 39.2% compared to the same quarter last year. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $1.56 per share. The ex-dividend date is Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a yield of 0.85%. Monolithic Power Systems's dividend payout ratio (DPR) is currently 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.