Corient Private Wealth LLC Sells 2,264 Shares of Monolithic Power Systems, Inc. $MPWR

Corient Private Wealth LLC lessened its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,333 shares of the semiconductor company’s stock after selling 2,264 shares during the quarter. Corient Private Wealth LLC’s holdings in Monolithic Power Systems were worth $47,281,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of MPWR. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Monolithic Power Systems during the fourth quarter valued at approximately $34,000. IFP Advisors Inc increased its holdings in shares of Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares in the last quarter. Covestor Ltd raised its position in Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 9 shares during the last quarter. Greenline Wealth Management LLC bought a new position in Monolithic Power Systems in the 4th quarter worth approximately $38,000. Finally, Torren Management LLC acquired a new position in Monolithic Power Systems during the 4th quarter worth $49,000. 93.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Jeff Zhou sold 486 shares of Monolithic Power Systems stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the transaction, the director directly owned 3,800 shares of the company’s stock, valued at $6,384,000. This trade represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Saria Tseng sold 7,565 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the transaction, the executive vice president directly owned 144,218 shares of the company’s stock, valued at $245,170,600. This trade represents a 4.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 113,043 shares of company stock valued at $160,843,106. 3.60% of the stock is owned by company insiders.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $1,563.70 on Monday. The firm has a market capitalization of $76.82 billion, a P/E ratio of 112.74, a PEG ratio of 2.80 and a beta of 1.69. Monolithic Power Systems, Inc. has a 1 year low of $671.18 and a 1 year high of $1,714.09. The business has a 50-day moving average of $1,546.37 and a 200-day moving average of $1,232.21.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. During the same period last year, the company posted $4.04 EPS. Monolithic Power Systems’s revenue for the quarter was up 26.1% on a year-over-year basis. Research analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is presently 57.68%.

Analysts Set New Price Targets

MPWR has been the topic of a number of recent research reports. Wells Fargo & Company increased their price objective on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. KeyCorp boosted their target price on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Zacks Research cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $1,800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

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.