Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC lowered its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.8% during the third quarter, Holdings Channel.com reports. The firm owned 9,069 shares of the semiconductor company’s stock after selling 558 shares during the quarter. Townsquare Capital LLC’s holdings in Monolithic Power Systems were worth $8,385,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Family Firm Inc. acquired a new stake in Monolithic Power Systems in the 2nd quarter valued at about $25,000. NBC Securities Inc. raised its position in Monolithic Power Systems by 433.3% in the 3rd quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 26 shares in the last quarter. Wolff Wiese Magana LLC raised its position in Monolithic Power Systems by 3,400.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 34 shares in the last quarter. Atwood & Palmer Inc. acquired a new stake in Monolithic Power Systems in the 2nd quarter valued at about $33,000. Finally, Crewe Advisors LLC raised its position in Monolithic Power Systems by 126.3% in the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 2.1 %

NASDAQ:MPWR opened at $560.24 on Thursday. The stock’s 50 day moving average price is $808.70 and its 200 day moving average price is $819.98. The company has a market capitalization of $27.33 billion, a PE ratio of 63.16, a P/E/G ratio of 2.86 and a beta of 1.15. Monolithic Power Systems, Inc. has a 52-week low of $538.00 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The firm had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. As a group, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a yield of 0.89%. Monolithic Power Systems’s dividend payout ratio is presently 56.37%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MPWR shares. Oppenheimer reaffirmed an “outperform” rating and issued a $900.00 price target on shares of Monolithic Power Systems in a research report on Monday, November 11th. KeyCorp dropped their price objective on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Truist Financial reiterated a “buy” rating and issued a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Wells Fargo & Company started coverage on Monolithic Power Systems in a report on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 price objective on the stock. Finally, Needham & Company LLC dropped their price objective on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and an average price target of $840.36.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Deming Xiao sold 866 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the transaction, the executive vice president now directly owns 162,239 shares in the company, valued at approximately $124,135,548.46. This trade represents a 0.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 734 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $765.15, for a total value of $561,620.10. Following the completion of the transaction, the chief financial officer now owns 55,944 shares in the company, valued at $42,805,551.60. This trade represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,100 shares of company stock worth $17,913,521 in the last quarter. 3.70% of the stock is owned by insiders.

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.