Janney Montgomery Scott LLC Sells 655 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Janney Montgomery Scott LLC trimmed its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 2.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,107 shares of the semiconductor company's stock after selling 655 shares during the quarter. Janney Montgomery Scott LLC's holdings in Monolithic Power Systems were worth $13,402,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Tradewinds Capital Management LLC boosted its holdings in Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 24 shares during the period. OFI Invest Asset Management acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Monolithic Power Systems during the 4th quarter valued at about $29,000. Itau Unibanco Holding S.A. raised its stake in 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 worth $35,000 after acquiring an additional 51 shares during the period. Finally, AlphaQuest LLC bought a new position in Monolithic Power Systems in the fourth quarter worth about $41,000. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Trading Up 1.0%

MPWR stock traded up $6.72 on Monday, hitting $692.62. 404,213 shares of the company's stock traded hands, compared to its average volume of 801,621. The stock has a market cap of $33.16 billion, a price-to-earnings ratio of 18.39, a P/E/G ratio of 2.72 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 stock has a fifty day moving average of $650.43 and a 200-day moving average of $625.50.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating analysts' consensus estimates of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The company had revenue of $637.55 million during the quarter, compared to the consensus estimate of $633.43 million. During the same quarter in the prior year, the firm earned $2.81 EPS. The company's quarterly revenue was up 39.2% compared to the same quarter last year. On average, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed 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. This represents a $6.24 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Monday, June 30th. Monolithic Power Systems's payout ratio is 16.56%.

Wall Street Analyst Weigh In

MPWR has been the topic of several recent research reports. Wells Fargo & Company raised their price target on Monolithic Power Systems from $665.00 to $695.00 and gave the stock an "equal weight" rating in a report on Monday, June 16th. Needham & Company LLC reiterated a "buy" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. TD Cowen boosted 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. Oppenheimer restated an "outperform" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, March 21st. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $644.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of "Moderate Buy" and an average price target of $789.42.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, May 12th. The shares were 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 directly owns 4,015 shares in the company, valued at $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the sale, the director now directly owns 676 shares of the company's stock, valued at $471,848. This represents a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,200 shares of company stock worth $8,546,800 over the last quarter. Corporate insiders own 3.40% of the company's stock.

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.