Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division trimmed its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 32.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,181 shares of the semiconductor company’s stock after selling 570 shares during the period. Central Pacific Bank Trust Division’s holdings in Monolithic Power Systems were worth $1,092,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Family Firm Inc. acquired a new position in shares of Monolithic Power Systems in the 2nd quarter valued at approximately $25,000. RiverPark Advisors LLC bought a new stake in shares of Monolithic Power Systems in the 1st quarter valued at approximately $27,000. OFI Invest Asset Management bought a new stake in shares of Monolithic Power Systems in the 1st quarter valued at approximately $31,000. Atwood & Palmer Inc. bought a new stake in shares of Monolithic Power Systems in the 2nd quarter valued at approximately $33,000. Finally, Crewe Advisors LLC increased its holdings in shares of Monolithic Power Systems by 126.3% in the 2nd quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Michael Hsing sold 9,614 shares of the stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $831.58, for a total transaction of $7,994,810.12. Following the transaction, the chief executive officer now owns 868,122 shares of the company’s stock, valued at approximately $721,912,892.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total value of $2,270,900.00. Following the sale, the chief financial officer now owns 59,178 shares of the company’s stock, valued at approximately $53,754,928.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Hsing sold 9,614 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $831.58, for a total value of $7,994,810.12. Following the completion of the sale, the chief executive officer now directly owns 868,122 shares in the company, valued at approximately $721,912,892.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,534 shares of company stock valued at $50,452,525. Insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Truist Financial reiterated a “buy” rating and set a $994.00 price target (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday. 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 research report on Friday, August 2nd. Rosenblatt Securities boosted their price target on Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Raymond James upped their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $959.90.

Monolithic Power Systems Trading Up 0.4 %

NASDAQ:MPWR opened at $922.75 on Friday. The firm has a market capitalization of $44.92 billion, a price-to-earnings ratio of 109.98, a PEG ratio of 4.13 and a beta of 1.12. Monolithic Power Systems, Inc. has a 1-year low of $392.10 and a 1-year high of $959.64. The business’s fifty day moving average price is $876.75 and its 200 day moving average price is $788.44.

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

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Monday, September 30th. Monolithic Power Systems’s 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.