Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD cut its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,159,962 shares of the semiconductor company’s stock after selling 32,599 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Monolithic Power Systems were worth $1,463,202,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Baader Bank Aktiengesellschaft boosted its stake in Monolithic Power Systems by 0.8% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,831 shares of the semiconductor company’s stock valued at $1,153,000 after purchasing an additional 14 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Monolithic Power Systems by 23.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 15 shares during the period. American National Bank boosted its stake 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 valued at $669,000 after purchasing an additional 16 shares during the period. HB Wealth Management LLC boosted its stake in Monolithic Power Systems by 2.0% during the 1st quarter. HB Wealth Management LLC now owns 799 shares of the semiconductor company’s stock valued at $541,000 after purchasing an additional 16 shares during the period. Finally, Arlington Capital Management Inc. boosted its stake in Monolithic Power Systems by 1.4% during the 1st quarter. Arlington Capital Management Inc. now owns 1,301 shares of the semiconductor company’s stock valued at $881,000 after purchasing an additional 18 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Victor K. Lee sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $820.46, for a total transaction of $820,460.00. Following the sale, the director now owns 29,232 shares in the company, valued at $23,983,686.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Victor K. Lee sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $820.46, for a total transaction of $820,460.00. Following the sale, the director now owns 29,232 shares in the company, valued at $23,983,686.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $663.29, for a total transaction of $1,658,225.00. Following the sale, the chief financial officer now owns 75,723 shares in the company, valued at approximately $50,226,308.67. The disclosure for this sale can be found here. Insiders have sold 96,709 shares of company stock worth $75,968,818 over the last 90 days. 3.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Oppenheimer boosted their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. Truist Financial boosted their price target 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. KeyCorp boosted their price target 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. Wells Fargo & Company boosted their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $806.13.

Monolithic Power Systems Trading Up 4.0 %

Shares of NASDAQ MPWR traded up $31.88 during midday trading on Friday, reaching $821.78. The company’s stock had a trading volume of 627,371 shares, compared to its average volume of 495,650. The company has a 50 day moving average price of $804.78 and a 200 day moving average price of $720.38. Monolithic Power Systems, Inc. has a one year low of $392.10 and a one year high of $891.67. The company has a market cap of $40.00 billion, a price-to-earnings ratio of 97.95, a price-to-earnings-growth ratio of 4.11 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $457.89 million for the quarter, compared to the consensus estimate of $447.76 million. Research analysts anticipate that Monolithic Power Systems, Inc. will post 10.37 earnings per share 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. Stockholders of record on Friday, June 28th were issued a dividend of $1.25 per share. The ex-dividend date was Friday, June 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.61%. Monolithic Power Systems’s dividend payout ratio is currently 59.59%.

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.