Monolithic Power Systems, Inc. $MPWR Stake Reduced by NewEdge Advisors LLC

NewEdge Advisors LLC cut its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 48.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,197 shares of the semiconductor company’s stock after selling 4,947 shares during the period. NewEdge Advisors LLC’s holdings in Monolithic Power Systems were worth $5,683,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Fideuram Asset Management Ireland dac acquired a new position in shares of Monolithic Power Systems during the fourth quarter worth approximately $3,983,000. Merit Financial Group LLC raised its stake in Monolithic Power Systems by 183.9% during the 4th 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. Mirabaud Asset Management Ltd bought a new stake in Monolithic Power Systems during the 4th quarter valued at $4,424,000. B. Metzler seel. Sohn & Co. AG boosted its position in Monolithic Power Systems by 45.9% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 2,448 shares of the semiconductor company’s stock worth $2,219,000 after acquiring an additional 770 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Monolithic Power Systems by 37.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,070 shares of the semiconductor company’s stock worth $81,636,000 after purchasing an additional 24,657 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $1,402.11 on Wednesday. The stock has a market capitalization of $68.90 billion, a price-to-earnings ratio of 85.97 and a beta of 1.69. Monolithic Power Systems, Inc. has a 1-year low of $800.97 and a 1-year high of $1,714.09. The company has a 50 day moving average price of $1,407.16 and a 200 day moving average price of $1,333.74.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating analysts’ consensus estimates of $5.87 by $0.63. The company had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The company’s quarterly revenue was up 47.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.21 EPS. On average, sell-side analysts expect that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is currently 49.05%.

Analysts Set New Price Targets

MPWR has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Oppenheimer set a $1,700.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, Needham & Company LLC boosted their target price on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a “buy” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,705.82.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $1,561.40, for a total transaction of $18,736,800.00. Following the completion of the sale, the executive vice president directly owned 166,644 shares of the company’s stock, valued at approximately $260,197,941.60. This represents a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Saria Tseng sold 7,565 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the transaction, the executive vice president owned 144,218 shares of the company’s stock, valued at approximately $245,170,600. The trade was a 4.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 25,141 shares of company stock worth $40,472,815 in the last quarter. 3.60% of the stock is owned by company insiders.

Monolithic Power Systems 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.