National Bank of Canada FI Reduces Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Key Points

• National Bank of Canada FI reduced its holdings in Monolithic Power Systems by 1.5%, now owning 44,651 shares valued at approximately $25.9 million.
• The company reported earnings of $4.21 per share for the recent quarter, surpassing estimates and reflecting a 31% year-over-year revenue growth.
• A quarterly dividend of $1.56 was declared, translating to an annual yield of 0.8%, with a payout ratio of 16.25%.

National Bank of Canada FI decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 1.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 44,651 shares of the semiconductor company's stock after selling 690 shares during the period. National Bank of Canada FI owned about 0.09% of Monolithic Power Systems worth $25,896,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Monolithic Power Systems by 76,432.3% during the first quarter. GAMMA Investing LLC now owns 778,333 shares of the semiconductor company's stock valued at $451,418,000 after acquiring an additional 777,316 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Monolithic Power Systems by 16.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock valued at $904,297,000 after acquiring an additional 214,395 shares during the last quarter. Siemens Fonds Invest GmbH boosted its stake in shares of Monolithic Power Systems by 18,567.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 200,487 shares of the semiconductor company's stock valued at $118,628,000 after acquiring an additional 199,413 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Monolithic Power Systems during the fourth quarter valued at $113,547,000. Finally, Ensign Peak Advisors Inc boosted its stake in shares of Monolithic Power Systems by 121.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 337,078 shares of the semiconductor company's stock valued at $199,449,000 after acquiring an additional 185,002 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Analyst Ratings Changes

MPWR has been the topic of a number of analyst reports. Citigroup reaffirmed a "buy" rating and set a $825.00 price objective (up previously from $785.00) on shares of Monolithic Power Systems in a research note on Monday, August 4th. Oppenheimer reaffirmed an "outperform" rating and set a $800.00 price objective (up previously from $700.00) on shares of Monolithic Power Systems in a research note on Tuesday, July 15th. Stifel Nicolaus increased their price objective on Monolithic Power Systems from $880.00 to $930.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Loop Capital increased their price objective on Monolithic Power Systems from $760.00 to $800.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, August 1st. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $838.09.

Monolithic Power Systems Price Performance

NASDAQ:MPWR traded down $19.73 during mid-day trading on Friday, reaching $829.08. The company's stock had a trading volume of 102,417 shares, compared to its average volume of 808,475. The company's fifty day simple moving average is $741.32 and its two-hundred day simple moving average is $661.51. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64. The stock has a market cap of $39.70 billion, a P/E ratio of 21.67, a P/E/G ratio of 3.21 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.12 by $0.09. The firm had revenue of $664.57 million for the quarter, compared to analyst estimates of $648.74 million. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%. The firm's quarterly revenue was up 31.0% on a year-over-year basis. During the same period last year, the company earned $3.17 EPS. Sell-side 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 disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is 16.25%.

Insider Transactions at Monolithic Power Systems

In other news, Director Jeff Zhou sold 200 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $830.00, for a total value of $166,000.00. Following the transaction, the director directly owned 6,204 shares in the company, valued at $5,149,320. This trade represents a 3.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Theodore Blegen sold 6,000 shares of the firm's stock in a transaction dated 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 owned 46,939 shares in the company, 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. Insiders have sold a total of 49,199 shares of company stock worth $38,115,220 in the last three months. 3.40% of the stock is currently owned by company insiders.

About Monolithic Power Systems

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.