Geneva Capital Management LLC Sells 168 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Geneva Capital Management LLC cut its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 23,723 shares of the semiconductor company’s stock after selling 168 shares during the period. Geneva Capital Management LLC’s holdings in Monolithic Power Systems were worth $16,071,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MPWR. Alps Advisors Inc. boosted its position in shares of Monolithic Power Systems by 5.0% during the third quarter. Alps Advisors Inc. now owns 696 shares of the semiconductor company’s stock valued at $322,000 after buying an additional 33 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Monolithic Power Systems by 30.7% during the third quarter. Royal Bank of Canada now owns 156,041 shares of the semiconductor company’s stock valued at $72,090,000 after buying an additional 36,670 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Monolithic Power Systems during the third quarter valued at $692,000. The Manufacturers Life Insurance Company boosted its position in shares of Monolithic Power Systems by 17.0% during the third quarter. The Manufacturers Life Insurance Company now owns 66,647 shares of the semiconductor company’s stock valued at $30,791,000 after buying an additional 9,699 shares during the last quarter. Finally, Comerica Bank purchased a new position in Monolithic Power Systems in the third quarter worth about $4,862,000. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Price Performance

Shares of MPWR stock traded down $29.86 during trading hours on Thursday, reaching $830.95. 629,285 shares of the company traded hands, compared to its average volume of 513,259. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $876.65. The company has a market cap of $40.45 billion, a P/E ratio of 102.60, a P/E/G ratio of 4.26 and a beta of 1.11. The firm has a 50-day moving average price of $776.29 and a 200 day moving average price of $701.34.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.02. The company had revenue of $457.89 million for the quarter, compared to the consensus estimate of $447.76 million. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 10.37 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.60%. The ex-dividend date is Friday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Insider Activity at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $663.29, for a total transaction of $1,658,225.00. Following the sale, the chief financial officer now owns 75,723 shares of the company’s stock, valued at approximately $50,226,308.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Monolithic Power Systems news, CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $661.85, for a total value of $5,294,800.00. Following the sale, the chief executive officer now owns 891,232 shares of the company’s stock, valued at approximately $589,861,899.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $663.29, for a total value of $1,658,225.00. Following the completion of the sale, the chief financial officer now directly owns 75,723 shares in the company, valued at approximately $50,226,308.67. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,310 shares of company stock valued at $63,163,317. 3.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MPWR has been the topic of several research reports. KeyCorp raised their target price on Monolithic Power Systems from $850.00 to $975.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wells Fargo & Company raised their target price on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Truist Financial raised their target price on Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Needham & Company LLC reissued a “buy” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Finally, Oppenheimer raised their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $806.13.

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.