Dakota Wealth Management Cuts Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Dakota Wealth Management lowered its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 9.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,139 shares of the semiconductor company’s stock after selling 124 shares during the period. Dakota Wealth Management’s holdings in Monolithic Power Systems were worth $936,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its holdings in shares of Monolithic Power Systems by 38,510.1% during the 4th quarter. International Assets Investment Management LLC now owns 76,448 shares of the semiconductor company’s stock valued at $48,222,000 after buying an additional 76,250 shares during the period. Cerity Partners LLC lifted its holdings in shares of Monolithic Power Systems by 30.8% during the 4th quarter. Cerity Partners LLC now owns 878 shares of the semiconductor company’s stock valued at $554,000 after buying an additional 207 shares during the period. Mackenzie Financial Corp raised its holdings in Monolithic Power Systems by 4.7% in the 4th quarter. Mackenzie Financial Corp now owns 3,643 shares of the semiconductor company’s stock worth $2,298,000 after purchasing an additional 162 shares during the period. Greenleaf Trust raised its holdings in Monolithic Power Systems by 2.2% in the 4th quarter. Greenleaf Trust now owns 957 shares of the semiconductor company’s stock worth $604,000 after purchasing an additional 21 shares during the period. Finally, abrdn plc raised its holdings in Monolithic Power Systems by 66.2% in the 4th quarter. abrdn plc now owns 20,815 shares of the semiconductor company’s stock worth $13,130,000 after purchasing an additional 8,294 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Down 1.1 %

Shares of MPWR stock traded down $9.81 during trading hours on Tuesday, reaching $907.40. 156,800 shares of the company’s stock were exchanged, compared to its average volume of 534,399. The stock’s 50 day moving average is $831.30 and its 200-day moving average is $746.63. The company has a market cap of $44.17 billion, a price-to-earnings ratio of 109.32, a P/E/G ratio of 3.92 and a beta of 1.11. Monolithic Power Systems, Inc. has a fifty-two week low of $392.10 and a fifty-two week high of $928.37.

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

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, June 28th. Monolithic Power Systems’s payout ratio is 59.59%.

Insider Activity at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $852.51, for a total value of $2,131,275.00. Following the transaction, the chief financial officer now directly owns 64,906 shares of the company’s stock, valued at approximately $55,333,014.06. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $852.51, for a total value of $2,131,275.00. Following the transaction, the chief financial officer now directly owns 64,906 shares of the company’s stock, valued at approximately $55,333,014.06. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Deming Xiao sold 1,300 shares of the company’s stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 206,418 shares in the company, valued at $158,818,009.20. The disclosure for this sale can be found here. Insiders have sold a total of 88,256 shares of company stock valued at $71,200,378 in the last ninety days. Company insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MPWR shares. KeyCorp increased their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Raymond James boosted their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Wells Fargo & Company boosted their target price on Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Truist Financial boosted their target price on Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Rosenblatt Securities boosted 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. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $882.30.

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.