Monolithic Power Systems, Inc. $MPWR Stake Decreased by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its stake in Monolithic Power Systems by 10.7%, now holding 761,906 shares worth approximately $441.89 million.
• Monolithic Power Systems reported a quarterly earnings per share of $4.21, surpassing estimates and showing a 31.0% increase in revenue year-over-year.
• The company announced a quarterly dividend of $1.56 per share, resulting in an annualized yield of 0.7%.

Wellington Management Group LLP lessened its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 10.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 761,906 shares of the semiconductor company's stock after selling 91,123 shares during the period. Wellington Management Group LLP owned 1.59% of Monolithic Power Systems worth $441,890,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Qtron Investments LLC raised its holdings in shares of Monolithic Power Systems by 4.8% during the first quarter. Qtron Investments LLC now owns 1,343 shares of the semiconductor company's stock valued at $779,000 after buying an additional 62 shares during the last quarter. Brooklyn Investment Group raised its holdings in shares of Monolithic Power Systems by 242.2% during the first quarter. Brooklyn Investment Group now owns 438 shares of the semiconductor company's stock valued at $253,000 after buying an additional 310 shares during the last quarter. Versor Investments LP raised its holdings in shares of Monolithic Power Systems by 62.8% during the first quarter. Versor Investments LP now owns 998 shares of the semiconductor company's stock valued at $579,000 after buying an additional 385 shares during the last quarter. CacheTech Inc. bought a new stake in shares of Monolithic Power Systems during the first quarter valued at approximately $258,000. Finally, George Kaiser Family Foundation bought a new stake in Monolithic Power Systems during the first quarter worth approximately $233,000. Institutional investors own 93.46% of the company's stock.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $850.31 on Tuesday. The stock has a market capitalization of $40.72 billion, a P/E ratio of 22.14, a P/E/G ratio of 3.08 and a beta of 1.18. 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 moving average is $746.99 and its two-hundred day moving average is $664.93.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.09. Monolithic Power Systems had a net margin of 73.17% and a return on equity of 19.14%. The firm had revenue of $664.57 million for the quarter, compared to analysts' expectations of $648.74 million. During the same period in the previous year, the company posted $3.17 EPS. The company's quarterly revenue was up 31.0% compared to the same quarter last year. On average, research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed 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. This represents a $6.24 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, June 30th. Monolithic Power Systems's payout ratio is presently 16.25%.

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 6,000 shares of Monolithic Power Systems 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 directly owned 46,939 shares in the company, valued at approximately $35,204,250. The trade was a 11.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 39,999 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $780.00, for a total transaction of $31,199,220.00. Following the transaction, the executive vice president owned 121,605 shares in the company, valued at approximately $94,851,900. The trade was a 24.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,599 shares of company stock worth $38,455,220. Corporate insiders own 3.40% of the company's stock.

Analyst Upgrades and Downgrades

MPWR has been the topic of several recent analyst reports. William Blair raised Monolithic Power Systems to a "strong-buy" rating in a report on Wednesday, August 13th. Rosenblatt Securities reissued a "neutral" rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, August 1st. Needham & Company LLC boosted their target price on Monolithic Power Systems from $800.00 to $820.00 and gave the stock a "buy" rating in a report on Friday, August 1st. KeyCorp boosted their target price on Monolithic Power Systems from $940.00 to $950.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Stifel Nicolaus boosted their target price on Monolithic Power Systems from $880.00 to $930.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Monolithic Power Systems has a consensus rating of "Moderate Buy" and an average target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.