HMS Capital Management LLC Sells 28 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

HMS Capital Management LLC lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,135 shares of the semiconductor company’s stock after selling 28 shares during the quarter. Monolithic Power Systems accounts for 1.4% of HMS Capital Management LLC’s holdings, making the stock its 16th largest position. HMS Capital Management LLC’s holdings in Monolithic Power Systems were worth $2,899,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Family Firm Inc. bought a new position in shares of Monolithic Power Systems during the second quarter valued at approximately $25,000. NBC Securities Inc. boosted its position in Monolithic Power Systems by 433.3% during the third quarter. NBC Securities Inc. now owns 32 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 26 shares in the last quarter. Wolff Wiese Magana LLC raised its stake in shares of Monolithic Power Systems by 3,400.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 35 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 34 shares in the last quarter. Atwood & Palmer Inc. acquired a new position in shares of Monolithic Power Systems during the second quarter worth $33,000. Finally, Crewe Advisors LLC raised its stake in Monolithic Power Systems by 126.3% in the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $762.97 on Wednesday. The company has a market capitalization of $37.20 billion, a P/E ratio of 86.02, a PEG ratio of 3.53 and a beta of 1.15. Monolithic Power Systems, Inc. has a 1 year low of $480.43 and a 1 year high of $959.64. The company’s fifty day moving average is $890.49 and its two-hundred day moving average is $827.12.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results 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). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The company had revenue of $620.12 million during the quarter, compared to analyst estimates of $600.10 million. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 10.36 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $1.25 dividend. 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 0.66%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Insider Buying and Selling

In other news, CEO Michael Hsing sold 2,790 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $2,171,708.10. Following the transaction, the chief executive officer now directly owns 865,332 shares of the company’s stock, valued at $673,565,775.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Michael Hsing sold 2,790 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $2,171,708.10. Following the sale, the chief executive officer now owns 865,332 shares in the company, valued at $673,565,775.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Deming Xiao sold 859 shares of Monolithic Power Systems stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $668,637.01. Following the transaction, the executive vice president now directly owns 202,354 shares of the company’s stock, valued at approximately $157,510,330.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,136 shares of company stock valued at $38,392,353 over the last quarter. Company insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

MPWR has been the topic of several research analyst reports. Raymond James boosted their price target on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. KeyCorp upped their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Needham & Company LLC decreased their target price on Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. TD Cowen lowered their price objective on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, Rosenblatt Securities lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average target price of $942.40.

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.