Cerity Partners LLC Reduces Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Cerity Partners LLC lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 851 shares of the semiconductor company’s stock after selling 35 shares during the period. Cerity Partners LLC’s holdings in Monolithic Power Systems were worth $426,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. ExodusPoint Capital Management LP increased its holdings in shares of Monolithic Power Systems by 59.7% in the first quarter. ExodusPoint Capital Management LP now owns 19,284 shares of the semiconductor company’s stock worth $9,652,000 after purchasing an additional 7,210 shares during the period. Natixis Advisors L.P. increased its holdings in shares of Monolithic Power Systems by 14.7% in the first quarter. Natixis Advisors L.P. now owns 72,636 shares of the semiconductor company’s stock worth $36,358,000 after purchasing an additional 9,335 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Monolithic Power Systems by 516.1% in the first quarter. Envestnet Asset Management Inc. now owns 876,025 shares of the semiconductor company’s stock worth $69,441,000 after purchasing an additional 733,832 shares during the period. Greenleaf Trust increased its holdings in shares of Monolithic Power Systems by 8.3% in the first quarter. Greenleaf Trust now owns 970 shares of the semiconductor company’s stock worth $486,000 after purchasing an additional 74 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of Monolithic Power Systems by 5.2% in the first quarter. Rhumbline Advisers now owns 106,150 shares of the semiconductor company’s stock worth $53,132,000 after purchasing an additional 5,230 shares during the period. Hedge funds and other institutional investors own 96.52% of the company’s stock.

Monolithic Power Systems Trading Down 1.0 %

MPWR opened at $523.18 on Thursday. The company has a market cap of $25.01 billion, a P/E ratio of 56.14, a P/E/G ratio of 3.17 and a beta of 1.13. The business’s 50-day moving average price is $529.43 and its 200-day moving average price is $497.19. Monolithic Power Systems, Inc. has a 12 month low of $301.69 and a 12 month high of $595.98.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Monday, July 31st. The semiconductor company reported $2.05 EPS for the quarter, missing the consensus estimate of $2.16 by ($0.11). The company had revenue of $441.13 million during the quarter, compared to analysts’ expectations of $440.46 million. Monolithic Power Systems had a return on equity of 26.80% and a net margin of 24.50%. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 9.13 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a $1.00 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $4.00 annualized dividend and a dividend yield of 0.76%. Monolithic Power Systems’s payout ratio is presently 42.92%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Monolithic Power Systems in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Needham & Company LLC increased their target price on Monolithic Power Systems from $500.00 to $575.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. Stifel Nicolaus increased their target price on Monolithic Power Systems from $540.00 to $600.00 and gave the company a “buy” rating in a research note on Thursday, July 20th. KeyCorp increased their target price on Monolithic Power Systems from $510.00 to $600.00 in a research note on Tuesday, July 11th. Finally, Truist Financial increased their target price on Monolithic Power Systems from $527.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus price target of $553.46.

Insider Buying and Selling

In related news, Director Kuo Wei Herbert Chang sold 500 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $500.00, for a total value of $250,000.00. Following the sale, the director now directly owns 1,793 shares of the company’s stock, valued at $896,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Kuo Wei Herbert Chang sold 500 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $500.00, for a total value of $250,000.00. Following the sale, the director now directly owns 1,793 shares of the company’s stock, valued at $896,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Deming Xiao sold 4,305 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $537.79, for a total value of $2,315,185.95. Following the sale, the insider now directly owns 268,247 shares in the company, valued at $144,260,554.13. The disclosure for this sale can be found here. Insiders have sold 82,637 shares of company stock valued at $44,126,502 over the last ninety days. 3.20% of the stock is owned by insiders.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer 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 portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.