Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 11.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 183,157 shares of the semiconductor company's stock after selling 23,495 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.38% of Monolithic Power Systems worth $106,502,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. OFI Invest Asset Management acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of Monolithic Power Systems during the fourth quarter valued at approximately $29,000. Itau Unibanco Holding S.A. increased its stake in shares of Monolithic Power Systems by 637.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 51 shares during the period. AlphaQuest LLC acquired a new position in shares of Monolithic Power Systems during the fourth quarter valued at approximately $41,000. Finally, Global Financial Private Client LLC increased its stake in shares of Monolithic Power Systems by 265.0% during the first quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock valued at $42,000 after acquiring an additional 53 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Buying and Selling

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $698.00, for a total value of $69,800.00. Following the completion of the transaction, the director now owns 676 shares of the company's stock, valued at approximately $471,848. This trade represents a 12.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was 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 now directly owns 4,015 shares of the company's stock, valued at $2,814,515. This represents a 74.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,200 shares of company stock valued at $8,546,800. Company insiders own 3.40% of the company's stock.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $736.03 on Friday. The stock has a market capitalization of $35.24 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 2.92 and a beta of 1.19. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The company has a 50 day moving average price of $666.32 and a 200 day moving average price of $628.67.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 earnings per share for the quarter, topping analysts' consensus estimates of $4.00 by $0.04. The firm had revenue of $637.55 million during the quarter, compared to analysts' expectations of $633.43 million. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. The firm's revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period last year, the firm posted $2.81 earnings per share. On average, sell-side analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Monday, June 30th. Monolithic Power Systems's dividend payout ratio is 16.56%.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of research analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 2nd. KeyCorp lowered their price objective on shares of Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Citigroup raised their price objective on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Stifel Nicolaus lowered their price objective on shares of Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $644.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $789.42.

Monolithic Power Systems Company 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.

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