Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC cut its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 3.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,081 shares of the semiconductor company's stock after selling 773 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Monolithic Power Systems worth $14,546,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new stake in shares of Monolithic Power Systems in the 4th quarter worth about $27,000. Fourth Dimension Wealth LLC acquired a new position in Monolithic Power Systems in the fourth quarter worth about $29,000. Itau Unibanco Holding S.A. increased its holdings in Monolithic Power Systems by 637.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after buying an additional 51 shares during the last quarter. AlphaQuest LLC acquired a new stake in Monolithic Power Systems during the fourth quarter valued at approximately $41,000. Finally, Global Financial Private Client LLC raised its stake in 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 buying an additional 53 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Insider Transactions at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $698.00, for a total transaction of $69,800.00. Following the sale, the director now owns 676 shares of the company's stock, valued at $471,848. The trade was a 12.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurice Sciammas sold 12,000 shares of the company'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 value of $8,412,000.00. Following the completion of the sale, the executive vice president now owns 4,015 shares of the company's stock, valued at $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,200 shares of company stock valued at $8,546,800. 3.40% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Up 0.9%

MPWR stock opened at $722.82 on Thursday. The stock has a market cap of $34.61 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 2.84 and a beta of 1.19. The firm's 50-day simple moving average is $657.84 and its 200 day simple moving average is $626.80. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64.

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

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $1.56 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $6.24 dividend on an annualized basis and a yield of 0.86%. Monolithic Power Systems's dividend payout ratio (DPR) is presently 16.56%.

Analyst Upgrades and Downgrades

MPWR has been the subject of several research reports. KeyCorp decreased their target price on Monolithic Power Systems from $850.00 to $820.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Oppenheimer restated an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, March 21st. Wells Fargo & Company boosted their target price on shares of Monolithic Power Systems from $665.00 to $695.00 and gave the company an "equal weight" rating in a research note on Monday, June 16th. Rosenblatt Securities restated a "neutral" rating and issued a $644.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Finally, TD Cowen lifted their price target on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $789.42.

Monolithic Power Systems 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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