Private Advisor Group LLC Sells 530 Shares of Monolithic Power Systems, Inc. $MPWR

Private Advisor Group LLC decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 11.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,077 shares of the semiconductor company’s stock after selling 530 shares during the quarter. Private Advisor Group LLC’s holdings in Monolithic Power Systems were worth $4,458,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. AIA Group Ltd purchased a new position in shares of Monolithic Power Systems in the third quarter worth $1,459,000. Merit Financial Group LLC grew its stake in Monolithic Power Systems by 183.9% during the fourth quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock valued at $2,499,000 after acquiring an additional 1,786 shares in the last quarter. Fideuram Asset Management Ireland dac bought a new stake in Monolithic Power Systems in the 4th quarter valued at $3,983,000. Mirabaud Asset Management Ltd purchased a new stake in Monolithic Power Systems in the 4th quarter worth $4,424,000. Finally, Harvest Fund Management Co. Ltd lifted its stake in Monolithic Power Systems by 12.7% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 8,946 shares of the semiconductor company’s stock worth $8,222,000 after purchasing an additional 1,008 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $1,272.81 on Wednesday. The firm has a market capitalization of $62.53 billion, a price-to-earnings ratio of 91.77, a PEG ratio of 2.41 and a beta of 1.71. Monolithic Power Systems, Inc. has a 1 year low of $686.87 and a 1 year high of $1,714.09. The business has a 50 day simple moving average of $1,525.55 and a 200-day simple moving average of $1,266.57.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The firm had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. During the same quarter in the previous year, the company posted $4.04 EPS. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. As a group, analysts expect that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is currently 57.68%.

Analyst Ratings Changes

Several brokerages have recently issued reports on MPWR. KeyCorp lifted their target price on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. Raymond James Financial reaffirmed an “outperform” rating and set a $1,800.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 1st. Finally, Oppenheimer set a $1,700.00 target price on Monolithic Power Systems in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,599.17.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, Director Jeff Zhou sold 486 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total value of $816,480.00. Following the completion of the sale, the director owned 3,800 shares of the company’s stock, valued at $6,384,000. This trade represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Saria Tseng sold 7,565 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the sale, the executive vice president directly owned 144,218 shares of the company’s stock, valued at $245,170,600. This represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 69,370 shares of company stock worth $112,702,503. 3.60% of the stock is currently owned by insiders.

Monolithic Power Systems Company Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.