Xponance Inc. Sells 617 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Xponance Inc. reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 5.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,120 shares of the semiconductor company's stock after selling 617 shares during the period. Xponance Inc.'s holdings in Monolithic Power Systems were worth $6,449,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of MPWR. Robeco Schweiz AG grew its position in shares of Monolithic Power Systems by 5.3% in the 1st quarter. Robeco Schweiz AG now owns 116,046 shares of the semiconductor company's stock worth $67,304,000 after buying an additional 5,819 shares during the last quarter. Cerity Partners LLC grew its position in shares of Monolithic Power Systems by 29.6% in the 1st quarter. Cerity Partners LLC now owns 4,743 shares of the semiconductor company's stock worth $2,751,000 after buying an additional 1,083 shares during the last quarter. Alps Advisors Inc. grew its position in shares of Monolithic Power Systems by 40.4% in the 1st quarter. Alps Advisors Inc. now owns 556 shares of the semiconductor company's stock worth $322,000 after buying an additional 160 shares during the last quarter. Allworth Financial LP grew its position in shares of Monolithic Power Systems by 21.9% in the 1st quarter. Allworth Financial LP now owns 189 shares of the semiconductor company's stock worth $110,000 after buying an additional 34 shares during the last quarter. Finally, Bridges Investment Management Inc. bought a new stake in shares of Monolithic Power Systems in the 1st quarter worth approximately $201,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MPWR has been the topic of a number of recent analyst reports. TD Cowen lifted their price objective on Monolithic Power Systems from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Wells Fargo & Company lifted their price objective on Monolithic Power Systems from $665.00 to $695.00 and gave the stock an "equal weight" rating in a research report on Monday, June 16th. Stifel Nicolaus cut their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Citigroup lifted their price target on Monolithic Power Systems from $700.00 to $785.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Rosenblatt Securities restated a "neutral" rating and set a $644.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Monolithic Power Systems has a consensus rating of "Moderate Buy" and a consensus price target of $799.42.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR traded down $4.39 during mid-day trading on Friday, hitting $736.06. 383,148 shares of the stock traded hands, compared to its average volume of 805,771. The stock has a fifty day moving average price of $701.64 and a 200-day moving average price of $638.27. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $959.64. The company has a market cap of $35.24 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 2.92 and a beta of 1.20.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping the consensus estimate of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 19.80% and a net margin of 76.59%. The business had revenue of $637.55 million for the quarter, compared to the consensus estimate of $633.43 million. During the same period in the previous year, the company posted $2.81 earnings per share. The company's revenue for the quarter was up 39.2% compared to the same quarter last year. As a group, sell-side analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $1.56 dividend. This represents a $6.24 annualized dividend and a yield of 0.85%. The ex-dividend date is Monday, June 30th. Monolithic Power Systems's dividend payout ratio (DPR) is 16.56%.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $701.00, for a total value of $8,412,000.00. Following the sale, the executive vice president directly owned 4,015 shares of the company's stock, valued at approximately $2,814,515. The trade was a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $698.00, for a total value of $69,800.00. Following the completion of the sale, the director directly owned 676 shares in the company, valued at $471,848. This trade represents a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,200 shares of company stock valued at $13,046,800. 3.40% of the stock is currently owned by corporate insiders.

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.