Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 29.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 678 shares of the semiconductor company’s stock after selling 284 shares during the period. Farther Finance Advisors LLC’s holdings in Monolithic Power Systems were worth $394,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Monolithic Power Systems by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company’s stock valued at $3,446,223,000 after acquiring an additional 74,046 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Monolithic Power Systems by 16.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company’s stock valued at $904,297,000 after purchasing an additional 214,395 shares during the period. Geode Capital Management LLC increased its holdings in shares of Monolithic Power Systems by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company’s stock valued at $807,158,000 after purchasing an additional 31,295 shares during the period. Invesco Ltd. raised its stake in shares of Monolithic Power Systems by 7.5% in the fourth quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company’s stock worth $687,841,000 after purchasing an additional 81,412 shares during the last quarter. Finally, Brown Advisory Inc. raised its stake in shares of Monolithic Power Systems by 0.5% in the fourth quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company’s stock worth $583,420,000 after purchasing an additional 5,274 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insiders Place Their Bets

In other news, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $650.00, for a total transaction of $65,000.00. Following the transaction, the director now owns 776 shares in the company, valued at $504,400. The trade was a 11.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the completion of the sale, the executive vice president now directly owns 4,015 shares of the company’s stock, valued at $2,814,515. This represents a 74.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,200 shares of company stock valued at $8,546,800 in the last 90 days. 3.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MPWR shares. Raymond James reiterated an “outperform” rating and issued a $720.00 price target (down previously from $925.00) on shares of Monolithic Power Systems in a report on Friday, May 2nd. Citigroup increased their price objective on shares of Monolithic Power Systems from $700.00 to $785.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Oppenheimer restated an “outperform” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, March 21st. KeyCorp lowered their price target on shares of Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Finally, TD Cowen lifted their price objective on Monolithic Power Systems from $600.00 to $675.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $789.42.

Monolithic Power Systems Stock Up 5.0%

MPWR stock opened at $706.59 on Tuesday. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64. The firm has a market cap of $33.83 billion, a P/E ratio of 19.22, a PEG ratio of 2.60 and a beta of 1.19. The company’s 50-day simple moving average is $634.92 and its 200-day simple moving average is $621.66.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating analysts’ consensus estimates of $4.00 by $0.04. Monolithic Power Systems had a return on equity of 20.36% and a net margin of 80.95%. The business had revenue of $637.55 million during the quarter, compared to analysts’ expectations of $633.43 million. During the same period in the previous year, the business earned $2.81 earnings per share. The business’s revenue was up 39.2% compared to the same quarter last year. On average, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $1.56 dividend. The ex-dividend date is Monday, June 30th. This represents a $6.24 annualized dividend and a dividend yield of 0.88%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 16.56%.

Monolithic Power Systems Company Profile

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.