Guidance Capital Inc. Sells 59 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Guidance Capital Inc. lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,013 shares of the semiconductor company’s stock after selling 59 shares during the period. Guidance Capital Inc.’s holdings in Monolithic Power Systems were worth $655,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Weiss Asset Management LP acquired a new position in Monolithic Power Systems in the 4th quarter worth $1,899,000. Cim LLC acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth about $2,197,000. Adage Capital Partners GP L.L.C. boosted its stake in shares of Monolithic Power Systems by 36.1% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 47,500 shares of the semiconductor company’s stock worth $21,945,000 after buying an additional 12,600 shares during the last quarter. Zevenbergen Capital Investments LLC boosted its stake in shares of Monolithic Power Systems by 3.0% during the 4th quarter. Zevenbergen Capital Investments LLC now owns 53,118 shares of the semiconductor company’s stock worth $33,506,000 after buying an additional 1,560 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Monolithic Power Systems by 199.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 4,394 shares of the semiconductor company’s stock worth $2,772,000 after buying an additional 2,925 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In related news, EVP Maurice Sciammas sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the completion of the transaction, the executive vice president now directly owns 130,744 shares in the company, valued at approximately $89,145,181.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Monolithic Power Systems news, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the sale, the executive vice president now directly owns 130,744 shares of the company’s stock, valued at approximately $89,145,181.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $731.08, for a total transaction of $5,848,640.00. Following the sale, the chief executive officer now directly owns 880,408 shares in the company, valued at $643,648,680.64. The disclosure for this sale can be found here. Insiders sold a total of 46,046 shares of company stock worth $31,842,373 in the last three months. 3.20% of the stock is owned by corporate insiders.

Monolithic Power Systems Stock Up 1.5 %

Shares of MPWR traded up $12.21 during mid-day trading on Friday, hitting $821.68. 721,768 shares of the company’s stock were exchanged, compared to its average volume of 470,531. Monolithic Power Systems, Inc. has a 52 week low of $392.10 and a 52 week high of $856.30. The stock’s 50-day simple moving average is $745.61 and its 200-day simple moving average is $689.26. The firm has a market cap of $40.00 billion, a price-to-earnings ratio of 97.94, a price-to-earnings-growth ratio of 4.11 and a beta of 1.13.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The business had revenue of $457.89 million during the quarter, compared to analysts’ expectations of $447.76 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. Analysts forecast that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Friday, June 28th. Monolithic Power Systems’s dividend payout ratio is 59.59%.

Wall Street Analyst Weigh In

MPWR has been the subject of a number of recent research reports. Truist Financial increased their price objective on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Oppenheimer raised their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. Needham & Company LLC reiterated a “buy” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research note on Thursday, May 2nd. Wells Fargo & Company raised their target price on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Finally, KeyCorp raised their target price on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $766.00.

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.