Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC trimmed its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 12.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 230 shares of the semiconductor company’s stock after selling 33 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Monolithic Power Systems were worth $213,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MPWR. Crestwood Advisors Group LLC lifted its stake in Monolithic Power Systems by 15.9% during the third quarter. Crestwood Advisors Group LLC now owns 291 shares of the semiconductor company’s stock valued at $269,000 after buying an additional 40 shares in the last quarter. United Advisor Group LLC purchased a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at approximately $303,000. QRG Capital Management Inc. lifted its position in shares of Monolithic Power Systems by 23.7% in the 3rd quarter. QRG Capital Management Inc. now owns 6,663 shares of the semiconductor company’s stock valued at $6,160,000 after acquiring an additional 1,276 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Monolithic Power Systems by 0.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 19,478 shares of the semiconductor company’s stock worth $18,007,000 after purchasing an additional 153 shares during the period. Finally, National Pension Service grew its position in Monolithic Power Systems by 4.4% during the 3rd quarter. National Pension Service now owns 70,088 shares of the semiconductor company’s stock worth $64,796,000 after purchasing an additional 2,926 shares in the last quarter. 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 firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total value of $2,260,500.00. Following the transaction, the chief financial officer now directly owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. 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. In other Monolithic Power Systems news, EVP Deming Xiao sold 9,259 shares of the business’s stock in a transaction on 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 completion of the transaction, the executive vice president now owns 20,455 shares of the company’s stock, valued at $19,432,250. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Theodore Blegen sold 2,500 shares of the firm’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 directly owns 61,678 shares in the company, valued at approximately $55,769,247.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,759 shares of company stock worth $34,985,340. 3.70% of the stock is owned by corporate insiders.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $775.21 on Friday. The company has a market capitalization of $37.79 billion, a P/E ratio of 87.40, a P/E/G ratio of 3.68 and a beta of 1.15. The stock’s 50 day moving average price is $884.50 and its 200 day moving average price is $826.47. Monolithic Power Systems, Inc. has a 52 week low of $480.43 and a 52 week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The business had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. As a group, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.64%. Monolithic Power Systems’s dividend payout ratio is currently 56.37%.

Analyst Ratings Changes

MPWR has been the subject of a number of research analyst reports. Raymond James increased their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Needham & Company LLC reduced their price objective on Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Truist Financial reaffirmed a “buy” rating and set a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. TD Cowen reduced their price target on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, Rosenblatt Securities downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average price target of $942.40.

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.