Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Inspire Investing LLC

Inspire Investing LLC lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 25.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,628 shares of the semiconductor company’s stock after selling 1,592 shares during the quarter. Inspire Investing LLC’s holdings in Monolithic Power Systems were worth $3,803,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of MPWR. Gilbert & Cook Inc. boosted its stake in Monolithic Power Systems by 8.6% in the fourth quarter. Gilbert & Cook Inc. now owns 1,608 shares of the semiconductor company’s stock valued at $1,014,000 after acquiring an additional 127 shares in the last quarter. Private Advisor Group LLC purchased a new position in Monolithic Power Systems during the 4th quarter worth approximately $391,000. Avantax Advisory Services Inc. acquired a new position in Monolithic Power Systems during the fourth quarter worth approximately $416,000. Financial Advocates Investment Management purchased a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $309,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Monolithic Power Systems by 159.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 954 shares of the semiconductor company’s stock valued at $602,000 after acquiring an additional 586 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on MPWR shares. Needham & Company LLC increased their price target on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Oppenheimer increased their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. 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 research note on Friday, August 2nd. Rosenblatt Securities lifted their target price on Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $912.30.

Monolithic Power Systems Stock Performance

MPWR stock opened at $860.66 on Thursday. The company has a 50 day moving average price of $859.73 and a two-hundred day moving average price of $774.23. The stock has a market capitalization of $41.90 billion, a P/E ratio of 102.58, a PEG ratio of 4.14 and a beta of 1.12. Monolithic Power Systems, Inc. has a one year low of $392.10 and a one year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $507.40 million during the quarter, compared to the consensus estimate of $490.66 million. During the same quarter in the previous year, the business earned $2.05 earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. Research analysts forecast that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.58%. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Saria Tseng sold 37,093 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $808.20, for a total transaction of $29,978,562.60. Following the transaction, the executive vice president now directly owns 166,428 shares of the company’s stock, valued at $134,507,109.60. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total value of $2,260,500.00. Following the completion of the sale, the chief financial officer now directly owns 61,678 shares in the company, valued at approximately $55,769,247.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Saria Tseng sold 37,093 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $808.20, for a total value of $29,978,562.60. Following the transaction, the executive vice president now owns 166,428 shares in the company, valued at approximately $134,507,109.60. The disclosure for this sale can be found here. Insiders have sold a total of 98,299 shares of company stock worth $83,140,933 in the last three months. 3.20% of the stock is currently owned by company insiders.

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.