Monolithic Power Systems, Inc. $MPWR Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 29.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,335 shares of the semiconductor company’s stock after selling 1,787 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Monolithic Power Systems were worth $4,740,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. First Trust Advisors LP increased its stake in shares of Monolithic Power Systems by 66.4% in the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock worth $412,263,000 after buying an additional 178,622 shares during the last quarter. AIA Group Ltd acquired a new stake in Monolithic Power Systems in the third quarter valued at $1,459,000. Merit Financial Group LLC boosted its stake in Monolithic Power Systems by 183.9% during the 4th quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock valued at $2,499,000 after acquiring an additional 1,786 shares during the last quarter. Fideuram Asset Management Ireland dac bought a new position in Monolithic Power Systems during the 4th quarter valued at $3,983,000. Finally, Mirabaud Asset Management Ltd acquired a new position in Monolithic Power Systems during the 4th quarter worth $4,424,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity

In other Monolithic Power Systems news, Director Eileen Wynne sold 335 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $1,582.68, for a total value of $530,197.80. Following the transaction, the director owned 1,007 shares of the company’s stock, valued at $1,593,758.76. This trade represents a 24.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,533.95, for a total value of $46,018.50. Following the completion of the transaction, the executive vice president owned 1,179 shares of the company’s stock, valued at approximately $1,808,527.05. The trade was a 2.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 113,043 shares of company stock valued at $160,843,106 over the last quarter. Corporate insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

MPWR has been the topic of a number of recent analyst reports. KeyCorp upped their target price on shares of Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Zacks Research downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Rosenblatt Securities lifted their price target on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Wells Fargo & Company boosted their price objective on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Oppenheimer set a $1,700.00 price objective on Monolithic Power Systems in a research note on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,599.17.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $1,537.88 on Tuesday. Monolithic Power Systems, Inc. has a 12 month low of $671.18 and a 12 month high of $1,714.09. The company has a fifty day moving average price of $1,550.45 and a two-hundred day moving average price of $1,236.34. The company has a market cap of $75.56 billion, a PE ratio of 110.88, a P/E/G ratio of 2.80 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping 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 company had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. During the same period in the prior year, the company earned $4.04 earnings per share. The firm’s revenue was up 26.1% compared to the same quarter last year. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

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

Monolithic Power Systems Company 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.