Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd cut its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,173 shares of the semiconductor company’s stock after selling 151 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Monolithic Power Systems were worth $3,857,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC raised its holdings in Monolithic Power Systems by 3.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after purchasing an additional 12 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in Monolithic Power Systems by 1.4% during the second quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock worth $731,000 after purchasing an additional 12 shares during the last quarter. Outlook Wealth Advisors LLC raised its holdings in Monolithic Power Systems by 2.5% during the third quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock worth $461,000 after purchasing an additional 12 shares during the last quarter. Greenleaf Trust raised its holdings in Monolithic Power Systems by 1.5% during the third quarter. Greenleaf Trust now owns 979 shares of the semiconductor company’s stock worth $905,000 after purchasing an additional 14 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in shares of Monolithic Power Systems by 2.8% in the second quarter. Valeo Financial Advisors LLC now owns 558 shares of the semiconductor company’s stock worth $458,000 after acquiring an additional 15 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Trading Down 0.5 %

MPWR stock opened at $762.97 on Wednesday. The stock has a 50-day moving average price of $890.49 and a two-hundred day moving average price of $827.12. Monolithic Power Systems, Inc. has a 12-month low of $480.43 and a 12-month high of $959.64. The company has a market cap of $37.20 billion, a PE ratio of 86.02, a price-to-earnings-growth ratio of 3.53 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The company had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. Equities analysts forecast that Monolithic Power Systems, Inc. will post 10.36 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is presently 56.37%.

Insiders Place Their Bets

In other Monolithic Power Systems news, CEO Michael Hsing sold 2,790 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was 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 owns 865,332 shares in the company, valued at $673,565,775.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $772.96, for a total value of $1,932,400.00. Following the transaction, the chief financial officer now owns 56,678 shares in the company, valued at approximately $43,809,826.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Hsing sold 2,790 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 865,332 shares in the company, valued at approximately $673,565,775.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,136 shares of company stock worth $38,392,353 over the last quarter. 3.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MPWR shares. Needham & Company LLC cut their price target on Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating for the company in a report on Thursday, October 31st. KeyCorp boosted their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Stifel Nicolaus lifted their price objective on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Raymond James lifted their price objective 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. Finally, Rosenblatt Securities downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average target price of $942.40.

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.