Chevy Chase Trust Holdings LLC Has $22.63 Million Holdings in Monolithic Power Systems, Inc. $MPWR

Chevy Chase Trust Holdings LLC trimmed its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,579 shares of the semiconductor company’s stock after selling 725 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Monolithic Power Systems worth $22,628,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. SJS Investment Consulting Inc. grew its position in Monolithic Power Systems by 2,700.0% during the third quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after buying an additional 27 shares in the last quarter. True Wealth Design LLC increased its stake in Monolithic Power Systems by 61.1% during the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 11 shares during the period. Salomon & Ludwin LLC acquired a new position in Monolithic Power Systems in the 3rd quarter valued at $33,000. Armstrong Advisory Group Inc. lifted its position in shares of Monolithic Power Systems by 192.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 27 shares during the period. Finally, Cornerstone Planning Group LLC lifted its position in shares of Monolithic Power Systems by 542.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 38 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 200 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $1,179.97, for a total transaction of $235,994.00. Following the completion of the transaction, the executive vice president directly owned 1,299 shares in the company, valued at approximately $1,532,781.03. This represents a 13.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deming Xiao sold 22,875 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the completion of the transaction, the executive vice president owned 235,932 shares of the company’s stock, valued at $276,314,121.12. The trade was a 8.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 98,550 shares of company stock valued at $114,256,090. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Up 2.4%

Monolithic Power Systems stock opened at $1,077.40 on Tuesday. The stock has a market cap of $52.92 billion, a PE ratio of 84.57, a P/E/G ratio of 2.67 and a beta of 1.45. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,256.22. The business’s 50-day moving average price is $1,102.98 and its two-hundred day moving average price is $996.13.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.05. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The firm had revenue of $751.16 million during the quarter, compared to analysts’ expectations of $741.69 million. During the same quarter in the prior year, the business earned $4.09 earnings per share. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. As a group, analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s payout ratio is currently 48.98%.

Analyst Ratings Changes

A number of brokerages recently commented on MPWR. Stifel Nicolaus raised their price target on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Wells Fargo & Company upped their price objective on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Weiss Ratings downgraded shares of Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Finally, KeyCorp boosted their target price on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,218.42.

Monolithic Power Systems Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.