Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC cut its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,069 shares of the semiconductor company’s stock after selling 558 shares during the quarter. Townsquare Capital LLC’s holdings in Monolithic Power Systems were worth $8,385,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MPWR. Lazard Asset Management LLC raised its stake in shares of Monolithic Power Systems by 21,460.0% during the 1st quarter. Lazard Asset Management LLC now owns 1,078 shares of the semiconductor company’s stock worth $730,000 after buying an additional 1,073 shares during the period. SVB Wealth LLC acquired a new position in shares of Monolithic Power Systems during the 1st quarter worth approximately $211,000. Silvercrest Asset Management Group LLC raised its stake in shares of Monolithic Power Systems by 34.0% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,973 shares of the semiconductor company’s stock worth $1,337,000 after buying an additional 501 shares during the period. Tidal Investments LLC raised its stake in shares of Monolithic Power Systems by 80.0% during the 1st quarter. Tidal Investments LLC now owns 3,847 shares of the semiconductor company’s stock worth $2,606,000 after buying an additional 1,710 shares during the period. Finally, Comerica Bank increased its position in shares of Monolithic Power Systems by 1.5% during the first quarter. Comerica Bank now owns 11,013 shares of the semiconductor company’s stock worth $7,460,000 after purchasing an additional 163 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the transaction, the executive vice president now owns 103,829 shares of the company’s stock, valued at approximately $96,518,400.11. This represents a 9.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 866 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the transaction, the executive vice president now directly owns 162,239 shares in the company, valued at approximately $124,135,548.46. The trade was a 0.53 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,100 shares of company stock worth $17,913,521. 3.70% of the stock is currently owned by company insiders.

Monolithic Power Systems Stock Down 2.1 %

Shares of NASDAQ:MPWR opened at $560.24 on Thursday. The business has a fifty day moving average of $808.70 and a two-hundred day moving average of $819.98. The stock has a market cap of $27.33 billion, a P/E ratio of 63.16, a PEG ratio of 2.86 and a beta of 1.15. Monolithic Power Systems, Inc. has a 52-week low of $538.00 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The business had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. On average, equities analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is presently 56.37%.

Analyst Upgrades and Downgrades

Several analysts recently commented on MPWR shares. Wells Fargo & Company started coverage on Monolithic Power Systems in a research report on Friday, November 22nd. They set an “equal weight” rating and a $610.00 price target for the company. Needham & Company LLC dropped their price target on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Truist Financial reiterated a “buy” rating and set a $994.00 price target (up from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Rosenblatt Securities cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, TD Cowen dropped their price target on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $840.36.

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.