Monolithic Power Systems, Inc. $MPWR Shares Sold by First Trust Advisors LP

First Trust Advisors LP lessened its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 15.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 591,353 shares of the semiconductor company’s stock after selling 110,101 shares during the quarter. First Trust Advisors LP’s holdings in Monolithic Power Systems were worth $646,556,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MPWR. IFP Advisors Inc grew its position in Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Monolithic Power Systems during the fourth quarter worth about $34,000. Covestor Ltd lifted its position in shares of Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 9 shares in the last quarter. Greenline Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems during the fourth quarter worth about $38,000. Finally, Bell Investment Advisors Inc boosted its stake in shares of Monolithic Power Systems by 23.7% in the first quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 9 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. KeyCorp lifted their price objective on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a report on Friday, May 1st. TD Cowen increased their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 1st. Wells Fargo & Company dropped their price target on shares of Monolithic Power Systems from $1,860.00 to $1,700.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,585.83.

Insiders Place Their Bets

In related news, Director Jeff Zhou sold 486 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the completion of the transaction, the director owned 3,800 shares in the company, valued at approximately $6,384,000. The trade was a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $1,351.61, for a total value of $40,548.30. Following the completion of the transaction, the executive vice president directly owned 1,149 shares in the company, valued at $1,552,999.89. This trade represents a 2.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 69,370 shares of company stock worth $112,702,503. 3.60% of the stock is currently owned by insiders.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $1,383.26 on Wednesday. Monolithic Power Systems, Inc. has a 1 year low of $702.32 and a 1 year high of $1,714.09. The stock has a market capitalization of $67.96 billion, a PE ratio of 99.73, a PEG ratio of 2.37 and a beta of 1.71. The stock has a 50-day simple moving average of $1,475.16 and a 200-day simple moving average of $1,294.91.

Monolithic Power Systems (NASDAQ:MPWR) last issued 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 net margin of 22.84% and a return on equity of 19.58%. The firm had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. During the same quarter last year, the company earned $4.04 earnings per share. The firm’s revenue was up 26.1% compared to the same quarter last year. Analysts predict that Monolithic Power Systems, Inc. will post 20.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

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

About Monolithic Power Systems

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.