Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 16.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,469 shares of the semiconductor company’s stock after selling 41,556 shares during the quarter. Sei Investments Co. owned about 0.43% of Monolithic Power Systems worth $172,937,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Needham & Company LLC increased their price target on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Raymond James increased their price objective on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. KeyCorp lifted their target price on Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Truist Financial increased their price target on Monolithic Power Systems from $799.00 to $918.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, TD Cowen upgraded shares of Monolithic Power Systems to a “strong-buy” rating in a research report on Monday, September 16th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $912.30.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Deming Xiao sold 10,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total value of $9,500,000.00. Following the sale, the executive vice president now owns 29,714 shares of the company’s stock, valued at approximately $28,228,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Monolithic Power Systems news, EVP Deming Xiao sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $950.00, for a total transaction of $9,500,000.00. Following the completion of the transaction, the executive vice president now owns 29,714 shares in the company, valued at approximately $28,228,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Theodore Blegen sold 728 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $566,667.92. Following the completion of the sale, the chief financial officer now owns 64,178 shares in the company, valued at $49,955,513.42. The disclosure for this sale can be found here. Insiders sold 98,299 shares of company stock valued at $83,140,933 in the last three months. 3.20% of the stock is owned by corporate insiders.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $891.32 on Friday. The firm has a market cap of $43.39 billion, a price-to-earnings ratio of 106.24, a PEG ratio of 4.14 and a beta of 1.12. The firm has a 50 day simple moving average of $862.05 and a 200-day simple moving average of $776.26. 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 released its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. The company had revenue of $507.40 million for the quarter, compared to analyst estimates of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.05 EPS. Equities analysts predict that Monolithic Power Systems, Inc. will post 10.41 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $1.25 per share. The ex-dividend date is Monday, September 30th. This represents a $5.00 annualized dividend and a yield of 0.56%. 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.