Park Avenue Securities LLC Reduces Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Park Avenue Securities LLC lowered its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 6.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,354 shares of the semiconductor company’s stock after selling 239 shares during the quarter. Park Avenue Securities LLC’s holdings in Monolithic Power Systems were worth $2,272,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Weiss Asset Management LP purchased a new stake in shares of Monolithic Power Systems in the 4th quarter worth $1,899,000. Cim LLC purchased a new stake in shares of Monolithic Power Systems in the 4th quarter worth $2,197,000. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Monolithic Power Systems by 36.1% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 47,500 shares of the semiconductor company’s stock worth $21,945,000 after buying an additional 12,600 shares during the period. Zevenbergen Capital Investments LLC lifted its holdings in shares of Monolithic Power Systems by 3.0% in the 4th quarter. Zevenbergen Capital Investments LLC now owns 53,118 shares of the semiconductor company’s stock worth $33,506,000 after buying an additional 1,560 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Monolithic Power Systems by 199.1% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 4,394 shares of the semiconductor company’s stock worth $2,772,000 after buying an additional 2,925 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, CEO Michael Hsing sold 8,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $677.44, for a total transaction of $5,419,520.00. Following the transaction, the chief executive officer now owns 899,232 shares in the company, valued at $609,175,726.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Monolithic Power Systems news, CEO Michael Hsing sold 8,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $677.44, for a total transaction of $5,419,520.00. Following the transaction, the chief executive officer now owns 899,232 shares in the company, valued at $609,175,726.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Theodore Blegen sold 2,416 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $731.43, for a total value of $1,767,134.88. Following the transaction, the chief financial officer now owns 72,486 shares in the company, valued at approximately $53,018,434.98. The disclosure for this sale can be found here. Insiders have sold 46,046 shares of company stock worth $31,842,373 over the last quarter. 3.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MPWR has been the subject of several research reports. Oppenheimer upped their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. Wells Fargo & Company boosted their price target on Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Needham & Company LLC reissued a “buy” rating and issued a $800.00 price target on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. KeyCorp boosted their price target on Monolithic Power Systems to $850.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, Truist Financial boosted their price target on Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average price target of $766.00.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $826.17 on Friday. The business’s 50-day simple moving average is $727.31 and its two-hundred day simple moving average is $681.00. The company has a market cap of $40.22 billion, a PE ratio of 98.47, a PEG ratio of 4.22 and a beta of 1.13. Monolithic Power Systems, Inc. has a fifty-two week low of $392.10 and a fifty-two week high of $856.30.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results 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 return on equity of 21.01% and a net margin of 22.44%. The firm had revenue of $457.89 million for the quarter, compared to the consensus estimate of $447.76 million. As a group, analysts predict that Monolithic Power Systems, Inc. will post 10.12 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business 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. The ex-dividend date is Friday, June 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.61%. Monolithic Power Systems’s payout ratio is 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.