Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Position Decreased by InterOcean Capital Group LLC

InterOcean Capital Group LLC lessened its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 30.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 302 shares of the semiconductor company’s stock after selling 135 shares during the quarter. InterOcean Capital Group LLC’s holdings in Monolithic Power Systems were worth $205,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Nordea Investment Management AB raised its holdings in Monolithic Power Systems by 4.3% during the fourth quarter. Nordea Investment Management AB now owns 2,988 shares of the semiconductor company’s stock valued at $1,864,000 after buying an additional 123 shares in the last quarter. HB Wealth Management LLC grew its position in Monolithic Power Systems by 15.5% during the fourth quarter. HB Wealth Management LLC now owns 783 shares of the semiconductor company’s stock worth $494,000 after buying an additional 105 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in Monolithic Power Systems during the fourth quarter worth about $225,000. Raymond James & Associates grew its position in Monolithic Power Systems by 15.2% during the fourth quarter. Raymond James & Associates now owns 72,619 shares of the semiconductor company’s stock worth $45,807,000 after buying an additional 9,576 shares in the last quarter. Finally, CVA Family Office LLC acquired a new stake in Monolithic Power Systems during the fourth quarter worth about $104,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MPWR. Oppenheimer lifted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. KeyCorp lifted their price objective on Monolithic Power Systems from $850.00 to $975.00 and gave the company an “overweight” rating in a report on Tuesday, July 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Thursday, May 2nd. Wells Fargo & Company lifted their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Finally, Truist Financial lifted their price objective on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus target price of $806.13.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $806.42 on Friday. The company has a market capitalization of $39.26 billion, a P/E ratio of 94.15, a PEG ratio of 3.94 and a beta of 1.11. Monolithic Power Systems, Inc. has a one year low of $392.10 and a one year high of $891.67. The business’s 50 day simple moving average is $802.94 and its 200-day simple moving average is $717.90.

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

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Friday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is 59.59%.

Insider Activity

In other news, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $661.85, for a total value of $5,294,800.00. Following the completion of the transaction, the chief executive officer now owns 891,232 shares of the company’s stock, valued at approximately $589,861,899.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Deming Xiao sold 1,300 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $769.40, for a total value of $1,000,220.00. Following the sale, 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 legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Hsing sold 8,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $661.85, for a total transaction of $5,294,800.00. Following the completion of the sale, the chief executive officer now directly owns 891,232 shares in the company, valued at $589,861,899.20. The disclosure for this sale can be found here. Insiders sold 96,709 shares of company stock valued at $75,968,818 in the last quarter. Company insiders own 3.20% of the company’s stock.

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.