Monolithic Power Systems, Inc. $MPWR Shares Sold by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC has reduced its position in Monolithic Power Systems, Inc. by 7.2%, selling 30,340 shares, bringing its total holdings to 388,855 shares.
• Several institutional investors, including Vanguard Group Inc. and Price T Rowe Associates Inc. MD, have increased their positions in Monolithic Power Systems, showcasing growing interest in the semiconductor company.
• Analysts have raised their price targets for Monolithic Power Systems, with a consensus average price target of $838.09, reflecting positive sentiment and potential for growth in the company's stock value.

Rafferty Asset Management LLC cut its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 7.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 388,855 shares of the semiconductor company's stock after selling 30,340 shares during the period. Monolithic Power Systems accounts for about 1.0% of Rafferty Asset Management LLC's holdings, making the stock its 22nd biggest position. Rafferty Asset Management LLC owned approximately 0.81% of Monolithic Power Systems worth $225,528,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its position in shares of Monolithic Power Systems by 13.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,719 shares of the semiconductor company's stock worth $2,157,000 after acquiring an additional 438 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new position in shares of Monolithic Power Systems during the first quarter worth approximately $204,000. Praxis Investment Management Inc. purchased a new position in shares of Monolithic Power Systems during the first quarter worth approximately $980,000. Jackson Wealth Management LLC grew its position in shares of Monolithic Power Systems by 29.5% during the first quarter. Jackson Wealth Management LLC now owns 2,896 shares of the semiconductor company's stock worth $1,680,000 after acquiring an additional 659 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its position in shares of Monolithic Power Systems by 52.6% during the first quarter. DAVENPORT & Co LLC now owns 653 shares of the semiconductor company's stock worth $379,000 after acquiring an additional 225 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 6,000 shares of Monolithic Power Systems stock in a transaction 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 transaction, the chief financial officer owned 46,939 shares of the company's stock, valued at $35,204,250. The trade was a 11.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Deming Xiao sold 39,999 shares of Monolithic Power Systems 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 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 position. The disclosure for this sale can be found here. Insiders sold 49,792 shares of company stock valued at $38,623,130 in the last 90 days. 3.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MPWR has been the topic of a number of research reports. Needham & Company LLC raised their target price on shares of Monolithic Power Systems from $800.00 to $820.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Rosenblatt Securities reiterated a "neutral" rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, August 1st. Oppenheimer reiterated an "outperform" rating and issued a $800.00 price objective (up from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. Raymond James Financial reiterated an "outperform" rating and issued a $875.00 price objective (up from $720.00) on shares of Monolithic Power Systems in a research report on Friday, August 1st. Finally, Citigroup reiterated a "buy" rating and issued a $825.00 price objective (up from $785.00) on shares of Monolithic Power Systems in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $838.09.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock traded down $22.70 during midday trading on Friday, reaching $835.76. The company's stock had a trading volume of 568,918 shares, compared to its average volume of 629,545. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $959.64. The stock's 50 day simple moving average is $772.40 and its 200 day simple moving average is $675.32. The firm has a market capitalization of $40.02 billion, a PE ratio of 21.76, a P/E/G ratio of 3.11 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $4.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.09. The business had revenue of $664.57 million during the quarter, compared to the consensus estimate of $648.74 million. Monolithic Power Systems had a return on equity of 19.14% and a net margin of 73.17%.The business's revenue was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.17 EPS. Monolithic Power Systems has set its Q3 2025 guidance at EPS. Equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 30th. Monolithic Power Systems's payout ratio 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.