HB Wealth Management LLC Sells 1,669 Shares of Monolithic Power Systems, Inc. $MPWR

HB Wealth Management LLC trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 27.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 4,395 shares of the semiconductor company’s stock after selling 1,669 shares during the period. HB Wealth Management LLC’s holdings in Monolithic Power Systems were worth $4,806,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Corient Private Wealth LLC raised its holdings in Monolithic Power Systems by 3,719.6% in the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock worth $1,855,476,000 after acquiring an additional 1,993,576 shares during the period. Norges Bank bought a new stake in Monolithic Power Systems during the fourth quarter valued at about $658,656,000. Invesco Ltd. boosted its holdings in Monolithic Power Systems by 25.9% during the fourth quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock valued at $1,300,345,000 after acquiring an additional 295,556 shares during the period. SG Americas Securities LLC grew its position in shares of Monolithic Power Systems by 77,483.1% in the fourth quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock valued at $237,676,000 after purchasing an additional 261,893 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of Monolithic Power Systems by 56.6% in the fourth quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company’s stock valued at $635,770,000 after purchasing an additional 253,653 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

MPWR has been the subject of several research analyst reports. TD Cowen boosted their price objective on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 1st. Stifel Nicolaus lifted their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,599.17.

Insider Activity at Monolithic Power Systems

In related news, Director Eugen J. Elmiger sold 12,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total value of $19,019,520.00. Following the completion of the transaction, the director directly owned 5,402 shares of the company’s stock, valued at $8,561,953.92. This trade represents a 68.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was 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 directly owned 1,179 shares of the company’s stock, valued at approximately $1,808,527.05. This trade represents a 2.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 78,303 shares of company stock worth $124,360,642 in the last three months. Company insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $1,288.16 on Monday. The company has a 50-day simple moving average of $1,537.65 and a 200-day simple moving average of $1,261.25. Monolithic Power Systems, Inc. has a 52 week low of $686.87 and a 52 week high of $1,714.09. The firm has a market capitalization of $63.29 billion, a P/E ratio of 92.87, a P/E/G ratio of 2.30 and a beta of 1.71.

Monolithic Power Systems (NASDAQ:MPWR) last released 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 return on equity of 19.58% and a net margin of 22.84%.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 business earned $4.04 earnings per share. The firm’s revenue for the quarter was up 26.1% compared to the same quarter last year. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 57.68%.

About Monolithic Power Systems

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.