Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC cut its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 28.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 679 shares of the semiconductor company’s stock after selling 264 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Monolithic Power Systems were worth $628,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Family Firm Inc. bought a new stake in Monolithic Power Systems in the second quarter worth about $25,000. RiverPark Advisors LLC acquired a new stake in Monolithic Power Systems during the first quarter valued at approximately $27,000. OFI Invest Asset Management bought a new stake in Monolithic Power Systems during the first quarter worth approximately $31,000. Atwood & Palmer Inc. acquired a new position in Monolithic Power Systems in the second quarter worth approximately $33,000. Finally, Crewe Advisors LLC grew its position in Monolithic Power Systems by 126.3% in the second quarter. Crewe Advisors LLC now owns 43 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

MPWR has been the topic of a number of recent analyst reports. TD Cowen raised Monolithic Power Systems to a “strong-buy” rating in a research report on Monday, September 16th. Truist Financial reaffirmed a “buy” rating and set a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. KeyCorp lifted their target price on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Raymond James lifted their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Monolithic Power Systems presently has a consensus rating of “Buy” and a consensus target price of $959.90.

Monolithic Power Systems Trading Up 0.9 %

NASDAQ MPWR opened at $938.47 on Monday. Monolithic Power Systems, Inc. has a 1-year low of $392.10 and a 1-year high of $959.64. The firm’s fifty day simple moving average is $891.12 and its 200-day simple moving average is $800.38. The company has a market capitalization of $45.68 billion, a PE ratio of 111.86, a price-to-earnings-growth ratio of 4.33 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 20.24% and a net margin of 21.70%. The business’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.05 EPS. As a group, analysts predict that Monolithic Power Systems, Inc. will post 10.41 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Insiders Place Their Bets

In related news, EVP Maurice Sciammas sold 11,000 shares of Monolithic Power Systems stock in a transaction on Monday, October 7th. The shares were sold at an average price of $929.59, for a total value of $10,225,490.00. Following the completion of the sale, the executive vice president now owns 103,829 shares of the company’s stock, valued at approximately $96,518,400.11. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $929.59, for a total value of $10,225,490.00. Following the transaction, the executive vice president now directly owns 103,829 shares of the company’s stock, valued at approximately $96,518,400.11. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Deming Xiao sold 859 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $668,637.01. Following the sale, the executive vice president now directly owns 202,354 shares of the company’s stock, valued at $157,510,330.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,535 shares of company stock valued at $51,396,728 over the last ninety days. Corporate insiders own 3.20% of the company’s stock.

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.