Nisa Investment Advisors LLC Sells 5,263 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Nisa Investment Advisors LLC reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 27.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,712 shares of the semiconductor company's stock after selling 5,263 shares during the quarter. Nisa Investment Advisors LLC's holdings in Monolithic Power Systems were worth $7,974,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Fourth Dimension Wealth LLC bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at approximately $29,000. Itau Unibanco Holding S.A. increased its position in shares of Monolithic Power Systems by 637.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 59 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 51 shares during the period. AlphaQuest LLC bought a new position in Monolithic Power Systems during the fourth quarter valued at about $41,000. Global Financial Private Client LLC grew its holdings 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 worth $42,000 after acquiring an additional 53 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in Monolithic Power Systems during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Activity

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 transaction of $69,800.00. Following the transaction, the director owned 676 shares of the company's stock, valued at approximately $471,848. This trade represents a 12.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Blegen sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $750.00, for a total transaction of $4,500,000.00. Following the completion of the sale, the chief financial officer directly owned 46,939 shares of the company's stock, valued at $35,204,250. This represents a 11.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,200 shares of company stock worth $13,046,800 in the last three months. 3.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Oppenheimer restated an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, March 21st. Wells Fargo & Company increased 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. TD Cowen lifted their price target on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. KeyCorp increased their price objective on Monolithic Power Systems from $820.00 to $940.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, Rosenblatt Securities restated a "neutral" rating and issued a $644.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $799.42.

Monolithic Power Systems Stock Performance

Shares of MPWR stock traded down $14.92 during trading on Monday, hitting $721.14. 561,012 shares of the company were exchanged, compared to its average volume of 841,896. The business's 50-day simple moving average is $701.64 and its 200 day simple moving average is $638.40. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64. The firm has a market capitalization of $34.53 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 2.92 and a beta of 1.20.

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 (EPS) for the quarter, beating analysts' consensus estimates of $4.00 by $0.04. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. The company had revenue of $637.55 million during the quarter, compared to analyst estimates of $633.43 million. During the same quarter last year, the business posted $2.81 EPS. The company's revenue for the quarter was up 39.2% on a year-over-year basis. On average, equities analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Monday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is presently 16.56%.

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.