LGT Group Foundation Sells 899 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

LGT Group Foundation cut its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 9.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,446 shares of the semiconductor company’s stock after selling 899 shares during the period. LGT Group Foundation’s holdings in Monolithic Power Systems were worth $6,940,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MPWR. Norges Bank acquired a new position in Monolithic Power Systems in the 4th quarter valued at $362,477,000. BNP Paribas Financial Markets lifted its holdings in shares of Monolithic Power Systems by 95.1% during the first quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock worth $206,712,000 after buying an additional 148,771 shares during the last quarter. UBS Group AG boosted its position in shares of Monolithic Power Systems by 100.4% in the fourth quarter. UBS Group AG now owns 194,286 shares of the semiconductor company’s stock valued at $122,552,000 after acquiring an additional 97,357 shares during the period. Vanguard Group Inc. boosted its position in shares of Monolithic Power Systems by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 5,464,066 shares of the semiconductor company’s stock valued at $3,446,624,000 after acquiring an additional 90,589 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Monolithic Power Systems by 10.0% in the fourth quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock worth $592,251,000 after acquiring an additional 85,676 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on MPWR. Truist Financial increased their price target on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a report on Friday, August 2nd. KeyCorp upped their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Needham & Company LLC lifted their price objective on Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Monday, August 5th. TD Cowen upped their target price on Monolithic Power Systems from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $912.30.

Insiders Place Their Bets

In other news, EVP Deming Xiao sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total value of $9,500,000.00. Following the completion of the transaction, the executive vice president now owns 29,714 shares in the company, valued at $28,228,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Deming Xiao sold 10,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total value of $9,500,000.00. Following the sale, the executive vice president now owns 29,714 shares of the company’s stock, valued at $28,228,300. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael Hsing sold 2,672 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $804.57, for a total transaction of $2,149,811.04. Following the completion of the transaction, the chief executive officer now directly owns 877,736 shares of the company’s stock, valued at approximately $706,200,053.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 98,299 shares of company stock worth $83,140,933. Corporate insiders own 3.20% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $836.01 on Tuesday. The firm has a 50 day simple moving average of $854.23 and a 200 day simple moving average of $766.08. Monolithic Power Systems, Inc. has a fifty-two week low of $392.10 and a fifty-two week high of $959.64. The firm has a market cap of $40.76 billion, a P/E ratio of 99.64, a P/E/G ratio of 3.73 and a beta of 1.12.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. The company had revenue of $507.40 million during the quarter, compared to the consensus estimate of $490.66 million. Monolithic Power Systems had a return on equity of 20.24% and a net margin of 21.70%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.05 earnings per share. On average, sell-side analysts expect that Monolithic Power Systems, Inc. will post 10.41 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Friday, June 28th. 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.