Mizuho Securities USA LLC Decreases Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Key Points

• Mizuho Securities USA LLC has reduced its stake in Monolithic Power Systems, Inc. by 17.2%, resulting in ownership of 3,829 shares valued at approximately $2.22 million.
• Numerous institutional investors have made recent changes to their positions in Monolithic Power Systems, with 93.46% of the company's stock owned by such investors.
• The stock reported earnings of $4.21 per share for the last quarter, which exceeded analysts' expectations, contributing to a year-over-year revenue increase of 31.0%.

Mizuho Securities USA LLC decreased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 17.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,829 shares of the semiconductor company's stock after selling 794 shares during the period. Mizuho Securities USA LLC's holdings in Monolithic Power Systems were worth $2,221,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Monolithic Power Systems by 1.7% during the first quarter. Vanguard Group Inc. now owns 5,920,669 shares of the semiconductor company's stock worth $3,433,870,000 after purchasing an additional 96,395 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Monolithic Power Systems by 16.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock valued at $904,297,000 after acquiring an additional 214,395 shares during the period. Brown Advisory Inc. raised its holdings in shares of Monolithic Power Systems by 0.5% during the fourth quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company's stock worth $583,420,000 after acquiring an additional 5,274 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Monolithic Power Systems by 76,432.3% in the first quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company's stock valued at $451,418,000 after purchasing an additional 777,316 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Monolithic Power Systems by 26.5% in the first quarter. JPMorgan Chase & Co. now owns 629,566 shares of the semiconductor company's stock worth $365,136,000 after purchasing an additional 132,078 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Deming Xiao sold 39,999 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $780.00, for a total value of $31,199,220.00. Following the completion of the transaction, the executive vice president directly owned 121,605 shares of the company's stock, valued at $94,851,900. This trade represents a 24.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeff Zhou sold 200 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $830.00, for a total transaction of $166,000.00. Following the completion of the transaction, the director directly owned 6,204 shares of the company's stock, valued at approximately $5,149,320. The trade was a 3.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,199 shares of company stock worth $38,115,220 over the last 90 days. Corporate insiders own 3.40% of the company's stock.

Monolithic Power Systems Stock Performance

NASDAQ MPWR traded down $21.44 on Friday, hitting $827.38. 259,043 shares of the stock traded hands, compared to its average volume of 809,495. The firm has a market capitalization of $39.62 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 3.21 and a beta of 1.18. The business's fifty day moving average is $741.32 and its two-hundred day moving average is $661.51. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $0.09. The firm had revenue of $664.57 million for the quarter, compared to analyst estimates of $648.74 million. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%. The business's revenue was up 31.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.17 earnings per share. Analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $1.56 per share. The ex-dividend date was Monday, June 30th. This represents a $6.24 annualized dividend and a dividend yield of 0.8%. Monolithic Power Systems's dividend payout ratio is currently 16.25%.

Analyst Ratings Changes

MPWR has been the subject of several research analyst reports. KeyCorp lifted their target price on Monolithic Power Systems from $940.00 to $950.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Citigroup restated a "buy" rating and issued a $825.00 target price (up from $785.00) on shares of Monolithic Power Systems in a research report on Monday, August 4th. Oppenheimer reissued an "outperform" rating and issued a $800.00 target price (up previously from $700.00) on shares of Monolithic Power Systems in a report on Tuesday, July 15th. TD Cowen increased their price target on Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Rosenblatt Securities reissued a "neutral" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $838.09.

About Monolithic Power Systems

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.