Monolithic Power Systems, Inc. $MPWR Stock: Vest Financial LLC Reduces Stake

Key Points

• Vest Financial LLC cut its Monolithic Power Systems stake by 49% in the third quarter, selling 17,206 shares and retaining 17,895 shares valued at approximately $24.1 million. Institutional investors and hedge funds collectively own 93.46% of the stock.
• Monolithic Power Systems reported strong quarterly results, with EPS of $6.50 beating estimates by $0.63 and revenue of $980.64 million rising 47.6% year over year. The company also pays a quarterly dividend of $2.00 per share, equivalent to a 0.7% annual yield.
• Analysts remain broadly bullish, with 13 Buy ratings and three Holds, an overall “Moderate Buy” consensus, and an average price target of $1,706.93. Several firms raised their targets to between $1,889 and $2,100.

Vest Financial LLC reduced its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 49.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,895 shares of the semiconductor company's stock after selling 17,206 shares during the quarter. Vest Financial LLC's holdings in Monolithic Power Systems were worth $24,109,000 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 business. Axxcess Wealth Management LLC bought a new position in shares of Monolithic Power Systems in the third quarter valued at $406,000. Pinnacle Associates Ltd. boosted its stake in shares of Monolithic Power Systems by 4.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 258 shares of the semiconductor company's stock worth $348,000 after acquiring an additional 10 shares in the last quarter. Diversify Advisory Services LLC boosted its stake in shares of Monolithic Power Systems by 145.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 1,712 shares of the semiconductor company's stock worth $2,139,000 after acquiring an additional 1,015 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its stake in shares of Monolithic Power Systems by 1.9% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 998 shares of the semiconductor company's stock worth $1,344,000 after acquiring an additional 19 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Monolithic Power Systems by 1.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,909 shares of the semiconductor company's stock worth $9,308,000 after acquiring an additional 120 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $1,167.93 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $833.18 and a 52 week high of $1,714.09. The firm has a market capitalization of $57.39 billion, a price-to-earnings ratio of 71.61 and a beta of 1.68. The company has a 50 day moving average price of $1,291.59 and a 200 day moving average price of $1,397.51.

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

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $2.00 per share. The ex-dividend date was Wednesday, September 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.7%. Monolithic Power Systems's payout ratio is currently 49.05%.

Analysts Set New Price Targets

Several brokerages have recently commented on MPWR. Truist Financial upped their target price on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a "buy" rating in a report on Friday, July 31st. Needham & Company LLC increased their price target on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a "buy" rating in a research report on Friday, July 31st. KeyCorp lifted their price target on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Raymond James Financial restated an "outperform" rating on shares of Monolithic Power Systems in a report on Wednesday, August 12th. Finally, Arete Research started coverage on shares of Monolithic Power Systems in a research note on Thursday, August 20th. They set a "buy" rating and a $2,013.00 price objective for the company. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,706.93.

Insiders Place Their Bets

In related news, Director Kuo Wei Chang sold 50 shares of the company's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the transaction, the director directly owned 515 shares of the company's stock, valued at approximately $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 1,119 shares of the company's stock, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 130 shares of company stock worth $175,397 in the last quarter. 3.60% of the stock is currently owned by corporate insiders.

About Monolithic Power Systems

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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