Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by American International Group Inc.

American International Group Inc. lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,399 shares of the semiconductor company’s stock after selling 324 shares during the period. American International Group Inc.’s holdings in Monolithic Power Systems were worth $9,077,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Norges Bank acquired a new stake in Monolithic Power Systems in the 4th quarter valued at about $362,477,000. BNP Paribas Financial Markets raised its holdings in Monolithic Power Systems by 95.1% in the 1st quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock valued at $206,712,000 after acquiring an additional 148,771 shares during the last quarter. UBS Group AG raised its holdings in Monolithic Power Systems by 100.4% in the 4th quarter. UBS Group AG now owns 194,286 shares of the semiconductor company’s stock valued at $122,552,000 after acquiring an additional 97,357 shares during the last quarter. Vanguard Group Inc. raised its holdings in Monolithic Power Systems by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 5,464,066 shares of the semiconductor company’s stock valued at $3,446,624,000 after acquiring an additional 90,589 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Monolithic Power Systems by 10.0% in the 4th quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock valued at $592,251,000 after acquiring an additional 85,676 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other news, EVP Saria Tseng sold 37,093 shares of Monolithic Power Systems stock in a transaction on Monday, July 1st. The shares were sold at an average price of $808.20, for a total transaction of $29,978,562.60. Following the completion of the sale, the executive vice president now directly owns 166,428 shares of the company’s stock, valued at approximately $134,507,109.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Deming Xiao sold 1,300 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $769.40, for a total transaction of $1,000,220.00. Following the sale, the executive vice president now directly owns 206,418 shares in the company, valued at approximately $158,818,009.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Saria Tseng sold 37,093 shares of Monolithic Power Systems stock in a transaction on Monday, July 1st. The stock was sold at an average price of $808.20, for a total transaction of $29,978,562.60. Following the sale, the executive vice president now owns 166,428 shares in the company, valued at $134,507,109.60. The disclosure for this sale can be found here. In the last three months, insiders sold 96,709 shares of company stock valued at $75,968,818. Insiders own 3.20% of the company’s stock.

Monolithic Power Systems Stock Up 3.5 %

MPWR stock traded up $27.79 during midday trading on Thursday, hitting $815.67. The company’s stock had a trading volume of 445,474 shares, compared to its average volume of 518,085. Monolithic Power Systems, Inc. has a 52-week low of $392.10 and a 52-week high of $891.67. The firm has a market capitalization of $39.71 billion, a P/E ratio of 93.91, a PEG ratio of 4.23 and a beta of 1.11. The firm has a 50-day simple moving average of $801.71 and a 200-day simple moving average of $717.39.

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

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.00 annualized dividend and a dividend yield of 0.61%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 59.59%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Oppenheimer raised their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. Needham & Company LLC restated a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Thursday, May 2nd. Wells Fargo & Company raised their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. KeyCorp increased their price objective on shares of Monolithic Power Systems from $850.00 to $975.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Finally, 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 report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $806.13.

About Monolithic Power Systems

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.