Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE has reduced its holdings in Monolithic Power Systems by 40.4%, now owning 12,091 shares valued at $7,013,000.
• Monolithic Power Systems reported a quarterly earnings per share (EPS) of $4.21, surpassing estimates, with revenues of $664.57 million, reflecting a 31.0% year-over-year growth.
• The company announced a quarterly dividend of $1.56, representing a 0.8% yield and a dividend payout ratio of 16.25%.

US Bancorp DE lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 40.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,091 shares of the semiconductor company's stock after selling 8,206 shares during the quarter. US Bancorp DE's holdings in Monolithic Power Systems were worth $7,013,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Fourth Dimension Wealth LLC acquired a new position in Monolithic Power Systems during the 4th quarter worth approximately $29,000. Itau Unibanco Holding S.A. boosted its position in 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 worth $35,000 after acquiring an additional 51 shares during the period. Meeder Asset Management Inc. boosted its position in Monolithic Power Systems by 146.4% during the 1st quarter. Meeder Asset Management Inc. now owns 69 shares of the semiconductor company's stock worth $40,000 after acquiring an additional 41 shares during the period. Global Financial Private Client LLC lifted its holdings in shares of 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 valued at $42,000 after buying an additional 53 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Monolithic Power Systems during the first quarter worth $54,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MPWR. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, August 1st. Oppenheimer reissued an "outperform" rating and issued a $800.00 target price (up from $700.00) on shares of Monolithic Power Systems in a report 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 report on Friday, August 1st. KeyCorp raised their price target on Monolithic Power Systems from $940.00 to $950.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company lifted their price target on Monolithic Power Systems from $730.00 to $750.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $838.09.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the sale, the executive vice president owned 4,015 shares of the company's stock, valued at approximately $2,814,515. The trade was a 74.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Theodore Blegen sold 3,000 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $750.00, for a total transaction of $2,250,000.00. Following the completion of the transaction, the chief financial officer owned 43,939 shares of the company's stock, valued at approximately $32,954,250. This represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,099 shares of company stock worth $46,431,020. 3.40% of the stock is owned by company insiders.

Monolithic Power Systems Trading Up 0.8%

Shares of MPWR stock traded up $6.37 during mid-day trading on Friday, reaching $804.31. The stock had a trading volume of 171,674 shares, compared to its average volume of 817,367. The stock's 50-day moving average price is $725.98 and its two-hundred day moving average price is $655.67. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64. The firm has a market capitalization of $38.52 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 3.00 and a beta of 1.18.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its earnings results on Thursday, July 31st. The semiconductor company reported $4.21 EPS 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 business had revenue of $664.57 million for the quarter, compared to the consensus estimate of $648.74 million. During the same period last year, the business posted $3.17 EPS. The company's revenue was up 31.0% compared to the same quarter last year. On average, equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $1.56 dividend. The ex-dividend date was Monday, June 30th. This represents a $6.24 annualized dividend and a dividend yield of 0.8%. Monolithic Power Systems's payout ratio is currently 16.25%.

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.