Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Holdings Decreased by Guidance Capital Inc.

Guidance Capital Inc. reduced its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,013 shares of the semiconductor company’s stock after selling 59 shares during the quarter. Guidance Capital Inc.’s holdings in Monolithic Power Systems were worth $655,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MPWR. Arlington Trust Co LLC boosted its holdings in shares of Monolithic Power Systems by 56.1% during the fourth quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 23 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $43,000. EverSource Wealth Advisors LLC lifted its stake in Monolithic Power Systems by 23.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 79 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 15 shares during the last quarter. Lindbrook Capital LLC lifted its stake in Monolithic Power Systems by 137.0% in the fourth quarter. Lindbrook Capital LLC now owns 109 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 63 shares during the last quarter. Finally, Private Trust Co. NA lifted its stake in Monolithic Power Systems by 145.8% in the fourth quarter. Private Trust Co. NA now owns 118 shares of the semiconductor company’s stock valued at $74,000 after acquiring an additional 70 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Trading Up 1.5 %

Shares of Monolithic Power Systems stock traded up $12.21 during mid-day trading on Friday, reaching $821.68. 721,768 shares of the stock were exchanged, compared to its average volume of 470,531. Monolithic Power Systems, Inc. has a fifty-two week low of $392.10 and a fifty-two week high of $856.30. The firm has a 50-day simple moving average of $745.61 and a 200 day simple moving average of $689.26. The company has a market cap of $40.00 billion, a price-to-earnings ratio of 97.94, a price-to-earnings-growth ratio of 4.11 and a beta of 1.13.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data 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 firm had revenue of $457.89 million for the quarter, compared to analyst estimates of $447.76 million. On average, research analysts predict that Monolithic Power Systems, Inc. will post 10.37 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Insider Activity

In other news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $661.85, for a total value of $5,294,800.00. Following the transaction, the chief executive officer now owns 891,232 shares of the company’s stock, valued at approximately $589,861,899.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $661.85, for a total transaction of $5,294,800.00. Following the transaction, the chief executive officer now owns 891,232 shares of the company’s stock, valued at approximately $589,861,899.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Deming Xiao sold 1,300 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $769.40, for a total transaction of $1,000,220.00. Following the transaction, the executive vice president now directly owns 206,418 shares in the company, valued at approximately $158,818,009.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,046 shares of company stock valued at $31,842,373. 3.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MPWR has been the subject of several recent analyst reports. Truist Financial upped their price objective on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Wells Fargo & Company upped their price objective on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a report on Thursday, May 2nd. KeyCorp upped their price objective on shares of Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Finally, Oppenheimer upped 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. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $766.00.

Monolithic Power Systems 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.