Clearbridge Investments LLC Sells 117,388 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Clearbridge Investments LLC decreased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 36.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,362 shares of the semiconductor company’s stock after selling 117,388 shares during the period. Clearbridge Investments LLC owned 0.43% of Monolithic Power Systems worth $171,207,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MPWR. Dynamic Advisor Solutions LLC boosted its holdings in shares of Monolithic Power Systems by 3.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 326 shares of the semiconductor company’s stock worth $268,000 after buying an additional 12 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in Monolithic Power Systems by 1.4% during the second quarter. Evergreen Capital Management LLC now owns 888 shares of the semiconductor company’s stock worth $731,000 after acquiring an additional 12 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in Monolithic Power Systems by 2.8% in the second quarter. Valeo Financial Advisors LLC now owns 558 shares of the semiconductor company’s stock worth $458,000 after purchasing an additional 15 shares during the period. EverSource Wealth Advisors LLC increased its stake in Monolithic Power Systems by 4.7% in the second quarter. EverSource Wealth Advisors LLC now owns 332 shares of the semiconductor company’s stock valued at $287,000 after purchasing an additional 15 shares in the last quarter. Finally, HB Wealth Management LLC raised its holdings in shares of Monolithic Power Systems by 2.0% during the first quarter. HB Wealth Management LLC now owns 799 shares of the semiconductor company’s stock valued at $541,000 after purchasing an additional 16 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the completion of the transaction, the chief financial officer now owns 61,678 shares in the company, valued at $55,769,247.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Deming Xiao sold 9,259 shares of Monolithic Power Systems stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $950.00, for a total value of $8,796,050.00. Following the completion of the sale, the executive vice president now owns 20,455 shares of the company’s stock, valued at approximately $19,432,250. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were 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 owns 61,678 shares in the company, valued at $55,769,247.60. The disclosure for this sale can be found here. Insiders have sold 55,034 shares of company stock worth $48,181,625 in the last ninety days. Company insiders own 3.20% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $891.81 on Wednesday. The firm has a 50-day moving average of $870.56 and a 200-day moving average of $785.13. Monolithic Power Systems, Inc. has a one year low of $392.10 and a one year high of $959.64. The company has a market cap of $43.41 billion, a P/E ratio of 106.29, a P/E/G ratio of 4.13 and a beta of 1.12.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, beating the consensus estimate of $3.07 by $0.10. The firm had revenue of $507.40 million during 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 company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the business posted $2.05 EPS. As a group, research analysts expect that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

Analyst Ratings Changes

Several analysts have recently commented on MPWR shares. TD Cowen upgraded Monolithic Power Systems to a “strong-buy” rating in a research note on Monday, September 16th. Truist Financial boosted their price objective on Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Rosenblatt Securities increased their target price on Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Oppenheimer boosted their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. Finally, KeyCorp raised their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Buy” and a consensus price target of $952.30.

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.