Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Milestone Asset Management LLC

Milestone Asset Management LLC lessened its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 37.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,635 shares of the semiconductor company’s stock after selling 962 shares during the quarter. Milestone Asset Management LLC’s holdings in Monolithic Power Systems were worth $1,343,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC boosted its position in Monolithic Power Systems by 3.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after purchasing an additional 12 shares in the last quarter. Baader Bank Aktiengesellschaft grew its stake in shares of Monolithic Power Systems by 0.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 1,831 shares of the semiconductor company’s stock valued at $1,153,000 after buying an additional 14 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Monolithic Power Systems by 23.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 15 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in Monolithic Power Systems by 2.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 558 shares of the semiconductor company’s stock valued at $458,000 after purchasing an additional 15 shares in the last quarter. Finally, American National Bank lifted its holdings in Monolithic Power Systems by 1.5% during the 4th quarter. American National Bank now owns 1,060 shares of the semiconductor company’s stock worth $669,000 after buying an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 0.3 %

Shares of MPWR traded up $2.55 on Monday, reaching $917.21. The company’s stock had a trading volume of 359,221 shares, compared to its average volume of 536,773. Monolithic Power Systems, Inc. has a twelve month low of $392.10 and a twelve month high of $925.90. The stock has a market capitalization of $44.65 billion, a PE ratio of 108.67, a PEG ratio of 3.92 and a beta of 1.11. The firm has a fifty day moving average of $828.55 and a 200-day moving average of $744.50.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. The firm had revenue of $507.40 million during the quarter, compared to the consensus estimate of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.63%. The company’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.05 EPS. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 10.37 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Friday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Analysts Set New Price Targets

Several analysts recently issued reports on MPWR shares. Wells Fargo & Company raised their price target on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Rosenblatt Securities raised their target price on Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research report on Monday, July 29th. KeyCorp lifted their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Needham & Company LLC lifted their target price on Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, Truist Financial raised their target price on Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $882.30.

Insider Activity

In related news, EVP Deming Xiao sold 1,300 shares of Monolithic Power Systems stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 206,418 shares of the company’s stock, valued at approximately $158,818,009.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Monolithic Power Systems news, EVP Saria Tseng sold 37,093 shares of Monolithic Power Systems stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $808.20, for a total value of $29,978,562.60. Following the completion of the transaction, the executive vice president now directly owns 166,428 shares of the company’s stock, valued at $134,507,109.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Deming Xiao sold 1,300 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $769.40, for a total transaction of $1,000,220.00. Following the completion of the sale, the executive vice president now owns 206,418 shares of the company’s stock, valued at $158,818,009.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,256 shares of company stock valued at $71,200,378. Corporate insiders own 3.20% of the company’s stock.

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.