Moody Aldrich Partners LLC lowered its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 32.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 946 shares of the semiconductor company’s stock after selling 459 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Monolithic Power Systems were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of MPWR. Geode Capital Management LLC increased its stake in Monolithic Power Systems by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 506,824 shares of the semiconductor company’s stock worth $90,224,000 after purchasing an additional 19,408 shares in the last quarter. Norges Bank purchased a new position in Monolithic Power Systems in the 4th quarter worth about $73,489,000. State of Alaska Department of Revenue increased its stake in Monolithic Power Systems by 4.6% in the 1st quarter. State of Alaska Department of Revenue now owns 6,947 shares of the semiconductor company’s stock worth $1,163,000 after purchasing an additional 306 shares in the last quarter. Robecosam AG increased its stake in Monolithic Power Systems by 33.5% in the 1st quarter. Robecosam AG now owns 295,000 shares of the semiconductor company’s stock worth $48,731,000 after purchasing an additional 74,000 shares in the last quarter. Finally, First Bank & Trust increased its stake in Monolithic Power Systems by 115.8% in the 1st quarter. First Bank & Trust now owns 861 shares of the semiconductor company’s stock worth $144,000 after purchasing an additional 462 shares in the last quarter. 94.34% of the stock is currently owned by hedge funds and other institutional investors.
MPWR traded down $4.74 on Friday, hitting $265.01. The company had a trading volume of 352,664 shares, compared to its average volume of 290,371. The company’s fifty day moving average price is $237.36 and its 200 day moving average price is $196.03. Monolithic Power Systems, Inc. has a 1-year low of $130.12 and a 1-year high of $271.94. The stock has a market cap of $11.86 billion, a price-to-earnings ratio of 96.37, a price-to-earnings-growth ratio of 3.94 and a beta of 1.22.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.50 dividend. The ex-dividend date was Monday, June 29th. This represents a $2.00 annualized dividend and a yield of 0.75%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 79.05%.
A number of brokerages recently weighed in on MPWR. BidaskClub raised Monolithic Power Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. ValuEngine cut Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note on Friday, May 1st. Stifel Nicolaus lifted their target price on Monolithic Power Systems from $268.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday. Oppenheimer lifted their price target on Monolithic Power Systems from $210.00 to $285.00 in a report on Friday, July 24th. Finally, Cowen lifted their price target on Monolithic Power Systems from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $262.22.
In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,408 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $249.34, for a total value of $600,410.72. Following the transaction, the chief financial officer now directly owns 133,938 shares of the company’s stock, valued at approximately $33,396,100.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael Hsing sold 16,619 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $208.67, for a total value of $3,467,886.73. Following the completion of the transaction, the chief executive officer now directly owns 1,058,504 shares in the company, valued at $220,878,029.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,681 shares of company stock valued at $23,000,455. Corporate insiders own 3.00% of the company’s stock.
Monolithic Power Systems Profile
Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.
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