Mutual of America Capital Management LLC Decreases Stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mutual of America Capital Management LLC lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) by 10.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,952 shares of the semiconductor company’s stock after selling 798 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Monolithic Power Systems were worth $4,709,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in MPWR. Norges Bank bought a new stake in Monolithic Power Systems in the 4th quarter worth $362,477,000. BNP Paribas Financial Markets increased its holdings in Monolithic Power Systems by 95.1% during the 1st quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock valued at $206,712,000 after purchasing an additional 148,771 shares during the period. Vanguard Group Inc. lifted its holdings in Monolithic Power Systems by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock worth $2,482,546,000 after buying an additional 123,946 shares during the period. UBS Group AG lifted its holdings in Monolithic Power Systems by 100.4% in the 4th quarter. UBS Group AG now owns 194,286 shares of the semiconductor company’s stock worth $122,552,000 after buying an additional 97,357 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of Monolithic Power Systems by 10.0% in the 4th quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock worth $592,251,000 after buying an additional 85,676 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MPWR shares. KeyCorp raised their price target on Monolithic Power Systems from $850.00 to $975.00 and gave the stock an “overweight” rating in a research note on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Thursday, May 2nd. Wells Fargo & Company increased their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Truist Financial lifted their price objective on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Finally, Oppenheimer increased their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average price target of $779.89.

Get Our Latest Analysis on Monolithic Power Systems

Insider Activity at Monolithic Power Systems

In related news, EVP Deming Xiao sold 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $769.40, for a total value of $1,000,220.00. Following the transaction, the executive vice president now directly owns 206,418 shares of the company’s stock, valued at approximately $158,818,009.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Monolithic Power Systems news, EVP Deming Xiao sold 1,300 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $769.40, for a total value of $1,000,220.00. Following the completion of the transaction, the executive vice president now owns 206,418 shares of the company’s stock, valued at approximately $158,818,009.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kuo Wei Herbert Chang sold 200 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $735.00, for a total transaction of $147,000.00. Following the completion of the sale, the director now owns 941 shares of the company’s stock, valued at $691,635. The disclosure for this sale can be found here. Insiders sold 70,311 shares of company stock valued at $53,882,031 over the last 90 days. Corporate insiders own 3.20% of the company’s stock.

Monolithic Power Systems Trading Down 0.7 %

Shares of NASDAQ:MPWR opened at $846.20 on Wednesday. The stock has a fifty day simple moving average of $772.12 and a two-hundred day simple moving average of $700.21. Monolithic Power Systems, Inc. has a 12-month low of $392.10 and a 12-month high of $868.97. The stock has a market capitalization of $41.19 billion, a price-to-earnings ratio of 100.86, a PEG ratio of 4.26 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.02. The firm had revenue of $457.89 million during the quarter, compared to analyst estimates of $447.76 million. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. As a group, equities research analysts predict that Monolithic Power Systems, Inc. will post 10.37 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Friday, June 28th. Monolithic Power Systems’s payout ratio is 59.59%.

About Monolithic Power Systems

(Free Report)

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial 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 cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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