MGB Wealth Management LLC Sells 744 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

MGB Wealth Management LLC reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 44.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 932 shares of the semiconductor company’s stock after selling 744 shares during the period. MGB Wealth Management LLC’s holdings in Monolithic Power Systems were worth $862,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MPWR. Assetmark Inc. boosted its holdings in Monolithic Power Systems by 6.6% in the 3rd quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock worth $16,259,000 after buying an additional 1,082 shares during the period. EULAV Asset Management boosted its holdings in Monolithic Power Systems by 8.6% in the 3rd quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company’s stock worth $100,099,000 after buying an additional 8,600 shares during the period. Empowered Funds LLC boosted its holdings in Monolithic Power Systems by 29.0% in the 3rd quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company’s stock worth $3,741,000 after buying an additional 909 shares during the period. Cetera Investment Advisers boosted its holdings in Monolithic Power Systems by 237.3% in the 1st quarter. Cetera Investment Advisers now owns 6,766 shares of the semiconductor company’s stock worth $4,583,000 after buying an additional 4,760 shares during the period. Finally, Mizuho Securities USA LLC boosted its holdings in Monolithic Power Systems by 1,118.2% in the 3rd quarter. Mizuho Securities USA LLC now owns 45,733 shares of the semiconductor company’s stock worth $42,280,000 after buying an additional 41,979 shares during the period. 93.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Needham & Company LLC cut their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a report on Friday. Raymond James increased their target price on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Rosenblatt Securities cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, KeyCorp lowered their price target on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $840.36.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $580.81 on Friday. Monolithic Power Systems, Inc. has a 1 year low of $538.00 and a 1 year high of $959.64. The stock has a 50 day simple moving average of $826.30 and a two-hundred day simple moving average of $821.87. The firm has a market cap of $28.33 billion, a P/E ratio of 65.48, a P/E/G ratio of 2.73 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The business had revenue of $620.12 million during the quarter, compared to analysts’ expectations of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. On average, equities analysts anticipate that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $908.36, for a total value of $2,270,900.00. Following the transaction, the chief financial officer now owns 59,178 shares in the company, valued at approximately $53,754,928.08. The trade was a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deming Xiao sold 9,259 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total transaction of $8,796,050.00. Following the transaction, the executive vice president now directly owns 20,455 shares of the company’s stock, valued at approximately $19,432,250. This trade represents a 31.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,359 shares of company stock worth $26,709,571 in the last ninety days. 3.70% of the stock is owned by company insiders.

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.