Mutual of America Capital Management LLC Has $3.54 Million Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Key Points

• Mutual of America Capital Management LLC reduced its holdings in Monolithic Power Systems by 5.1%, selling 326 shares, and now owns a total of 6,100 shares valued at approximately $3.54 million.
• Various institutional investors increased their stakes in Monolithic Power Systems during the first quarter, with the majority of the stock, about 93.46%, currently held by hedge funds and other institutional investors.
• Monolithic Power Systems reported a strong quarterly performance with earnings per share of $4.21, exceeding expectations, while their revenue increased by 31% year-over-year, reaching $664.57 million.

Mutual of America Capital Management LLC lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,100 shares of the semiconductor company's stock after selling 326 shares during the period. Mutual of America Capital Management LLC's holdings in Monolithic Power Systems were worth $3,538,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MPWR. Fourth Dimension Wealth LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at 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 worth $35,000 after buying an additional 51 shares during the last quarter. Global Financial Private Client LLC increased its holdings in Monolithic Power Systems by 265.0% in the first quarter. Global Financial Private Client LLC now owns 73 shares of the semiconductor company's stock worth $42,000 after buying an additional 53 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in Monolithic Power Systems in the first quarter worth approximately $54,000. Finally, Cromwell Holdings LLC increased its holdings in Monolithic Power Systems by 18.7% in the first quarter. Cromwell Holdings LLC now owns 127 shares of the semiconductor company's stock worth $74,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Needham & Company LLC increased their price objective on Monolithic Power Systems from $800.00 to $820.00 and gave the stock a "buy" rating in a report on Friday, August 1st. TD Cowen increased their price objective on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Wells Fargo & Company increased their price objective on Monolithic Power Systems from $730.00 to $750.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Loop Capital increased their price objective on Monolithic Power Systems from $760.00 to $800.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, Citigroup reaffirmed a "buy" rating and set a $825.00 target price (up previously from $785.00) on shares of Monolithic Power Systems in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $838.09.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Deming Xiao sold 39,999 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $780.00, for a total value of $31,199,220.00. Following the completion of the transaction, the executive vice president directly owned 121,605 shares of the company's stock, valued at $94,851,900. This trade represents a 24.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Theodore Blegen sold 6,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total value of $4,500,000.00. Following the completion of the transaction, the chief financial officer directly owned 46,939 shares of the company's stock, valued at approximately $35,204,250. This trade represents a 11.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,999 shares of company stock valued at $37,949,220. 3.40% of the stock is owned by company insiders.

Monolithic Power Systems Stock Performance

Shares of MPWR traded up $21.24 during mid-day trading on Wednesday, hitting $861.80. The company's stock had a trading volume of 543,763 shares, compared to its average volume of 814,619. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $959.64. The firm has a market capitalization of $41.27 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 2.97 and a beta of 1.18. The stock's 50-day moving average is $734.63 and its two-hundred day moving average is $658.40.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.09. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%. The company had revenue of $664.57 million during the quarter, compared to analysts' expectations of $648.74 million. During the same period in the prior year, the business earned $3.17 earnings per share. Monolithic Power Systems's revenue for the quarter was up 31.0% compared to the same quarter last year. Analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $1.56 dividend. This represents a $6.24 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is 16.25%.

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.