SageView Advisory Group LLC Sells 225 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

SageView Advisory Group LLC trimmed its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 44.4% during the third quarter, Holdings Channel.com reports. The firm owned 282 shares of the semiconductor company’s stock after selling 225 shares during the period. SageView Advisory Group LLC’s holdings in Monolithic Power Systems were worth $261,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Assetmark Inc. lifted its holdings in Monolithic Power Systems by 6.6% during the 3rd quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock worth $16,259,000 after buying an additional 1,082 shares in the last quarter. EULAV Asset Management increased its stake in shares of Monolithic Power Systems by 8.6% in the 3rd quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company’s stock valued at $100,099,000 after buying an additional 8,600 shares during the period. Empowered Funds LLC raised its position in shares of Monolithic Power Systems by 29.0% during the third quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company’s stock worth $3,741,000 after acquiring an additional 909 shares during the last quarter. FMR LLC lifted its stake in shares of Monolithic Power Systems by 11.4% during the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after acquiring an additional 361,416 shares during the period. Finally, Mizuho Securities USA LLC boosted its holdings in Monolithic Power Systems by 1,118.2% in the third quarter. Mizuho Securities USA LLC now owns 45,733 shares of the semiconductor company’s stock valued at $42,280,000 after acquiring an additional 41,979 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Trading Up 3.0 %

NASDAQ:MPWR opened at $589.68 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64. The stock has a 50-day moving average price of $761.58 and a two-hundred day moving average price of $812.33. The stock has a market cap of $28.76 billion, a price-to-earnings ratio of 66.48, a PEG ratio of 2.77 and a beta of 1.05.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.85%. Monolithic Power Systems’s payout ratio is 56.37%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MPWR shares. KeyCorp cut 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 report on Monday, November 18th. Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. Needham & Company LLC lowered their target price on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Truist Financial reiterated a “buy” rating and set a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Finally, Loop Capital upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 price target on the stock in a research report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $840.36.

Insider Activity at Monolithic Power Systems

In related news, EVP Deming Xiao sold 866 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total transaction of $662,611.24. Following the completion of the transaction, the executive vice president now directly owns 162,239 shares in the company, valued at approximately $124,135,548.46. This trade represents a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $929.59, for a total value of $10,225,490.00. Following the completion of the sale, the executive vice president now owns 103,829 shares in the company, valued at $96,518,400.11. The trade was a 9.58 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,600 shares of company stock valued at $15,653,021. 3.70% of the stock is owned by corporate insiders.

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.