Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Marshall Financial Group LLC

Marshall Financial Group LLC trimmed its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,701 shares of the semiconductor company’s stock after selling 146 shares during the quarter. Marshall Financial Group LLC’s holdings in Monolithic Power Systems were worth $1,006,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MPWR. FMR LLC boosted its stake in shares of Monolithic Power Systems by 11.4% in the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock worth $3,253,664,000 after buying an additional 361,416 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Monolithic Power Systems by 311.8% in the second quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company’s stock valued at $153,319,000 after acquiring an additional 141,277 shares during the period. Geode Capital Management LLC boosted its position in Monolithic Power Systems by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock worth $1,230,626,000 after purchasing an additional 133,838 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Monolithic Power Systems by 92,842.9% during the 3rd quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company’s stock worth $114,281,000 after purchasing an additional 123,481 shares during the period. Finally, Whale Rock Capital Management LLC increased its holdings in shares of Monolithic Power Systems by 104.4% during the 3rd quarter. Whale Rock Capital Management LLC now owns 200,490 shares of the semiconductor company’s stock valued at $185,353,000 after purchasing an additional 102,380 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Truist Financial reissued a “buy” rating and set a $994.00 price target (up from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. KeyCorp lowered their target price on shares of Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. Needham & Company LLC cut their price target on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Oppenheimer reiterated an “outperform” rating and set a $900.00 price target on shares of Monolithic Power Systems in a research report on Monday, November 11th. Finally, Citigroup started coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus price target of $828.67.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $678.43 on Friday. The business has a fifty day moving average price of $604.82 and a 200 day moving average price of $768.60. The company has a market cap of $33.09 billion, a P/E ratio of 76.49, a P/E/G ratio of 2.64 and a beta of 1.03. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64.

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

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Tuesday, December 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is 56.37%.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction on Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the transaction, the chief financial officer now owns 53,444 shares in the company, valued at $32,066,400. The trade was a 4.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Deming Xiao sold 866 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $765.14, for a total transaction 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. The trade was a 0.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,600 shares of company stock worth $4,656,631 in the last ninety days. Insiders own 3.70% of the company’s stock.

Monolithic Power Systems 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.