Monolithic Power Systems, Inc. $MPWR Stock Sold by Bokf Na

Key Points

• Bokf Na reduced its Monolithic Power Systems stake by 10.6% in the third quarter, selling 955 shares and retaining 8,015 shares valued at approximately $10.8 million. Institutional investors and hedge funds collectively own 93.46% of the company.
• Monolithic Power Systems reported quarterly EPS of $6.50, exceeding estimates of $5.87, while revenue rose 47.6% year over year to $980.64 million. The company also pays a quarterly dividend of $2.00 per share, representing a 0.7% yield.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $1,692.64. The stock recently opened at $1,211.22, below its 50-day and 200-day moving averages.

Bokf Na trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 10.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,015 shares of the semiconductor company's stock after selling 955 shares during the quarter. Bokf Na's holdings in Monolithic Power Systems were worth $10,798,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. WestEnd Advisors LLC grew its stake in Monolithic Power Systems by 2,000.0% in the third quarter. WestEnd Advisors LLC now owns 21 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 20 shares during the period. Transamerica Financial Advisors LLC bought a new position in Monolithic Power Systems in the second quarter valued at $35,000. Danske Bank A S acquired a new position in shares of Monolithic Power Systems during the 2nd quarter worth about $36,000. Continuum Advisory LLC acquired a new position in shares of Monolithic Power Systems during the 2nd quarter worth about $43,000. Finally, GK Wealth Management LLC bought a new position in Monolithic Power Systems in the third quarter valued at approximately $43,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Monolithic Power Systems

In other news, Director Kuo Wei Chang sold 50 shares of the company's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the transaction, the director owned 515 shares of the company's stock, valued at approximately $660,008.55. This represents a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maurice Sciammas sold 30 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the transaction, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. This trade represents a 2.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 130 shares of company stock valued at $175,397 over the last 90 days. Company insiders own 3.60% of the company's stock.

Monolithic Power Systems Trading Down 0.1%

MPWR opened at $1,211.22 on Thursday. Monolithic Power Systems, Inc. has a 1-year low of $833.18 and a 1-year high of $1,714.09. The stock's fifty day simple moving average is $1,278.70 and its 200 day simple moving average is $1,307.89. The stock has a market cap of $59.52 billion, a PE ratio of 74.26 and a beta of 1.68.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, topping analysts' consensus estimates of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The firm had revenue of $980.64 million during the quarter, compared to analysts' expectations of $903.30 million. During the same period in the previous year, the business posted $4.21 earnings per share. The company's revenue for the quarter was up 47.6% compared to the same quarter last year. Equities analysts forecast that Monolithic Power Systems, Inc. will post 23.95 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $2.00 per share. The ex-dividend date was Wednesday, September 30th. This represents a $8.00 annualized dividend and a yield of 0.7%. Monolithic Power Systems's dividend payout ratio (DPR) is 49.05%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MPWR. Arete Research assumed coverage on Monolithic Power Systems in a research note on Thursday, August 20th. They set a "buy" rating and a $2,013.00 price objective on the stock. Oppenheimer cut their price objective on Monolithic Power Systems from $1,700.00 to $1,500.00 and set an "outperform" rating for the company in a report on Friday, October 23rd. Raymond James Financial reissued an "outperform" rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. TD Cowen lowered their target price on shares of Monolithic Power Systems from $1,850.00 to $1,700.00 and set a "buy" rating on the stock in a report on Monday, October 19th. Finally, Needham & Company LLC upped their price target on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Thirteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $1,692.64.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc NASDAQ: MPWR is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help regulate, convert, distribute and control electrical power in electronic systems, supporting applications that require efficient and reliable power delivery.

The company's portfolio includes integrated circuits, power modules, battery-management products, motor drivers, LED drivers and related analog and mixed-signal semiconductor solutions.

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