Inspire Investing LLC reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 10.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,090 shares of the semiconductor company’s stock after selling 975 shares during the quarter. Monolithic Power Systems makes up 0.6% of Inspire Investing LLC’s investment portfolio, making the stock its 24th largest holding. Inspire Investing LLC’s holdings in Monolithic Power Systems were worth $5,917,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of MPWR. Brighton Jones LLC raised its position in Monolithic Power Systems by 46.0% in the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after buying an additional 200 shares during the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of Monolithic Power Systems during the 1st quarter valued at $365,000. GAMMA Investing LLC raised its stake in shares of Monolithic Power Systems by 32.0% during the 1st quarter. GAMMA Investing LLC now owns 1,342 shares of the semiconductor company’s stock worth $778,000 after purchasing an additional 325 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Monolithic Power Systems by 10.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 964 shares of the semiconductor company’s stock worth $559,000 after purchasing an additional 93 shares during the period. Finally, CX Institutional bought a new stake in shares of Monolithic Power Systems during the 1st quarter worth $152,000. 93.46% of the stock is owned by hedge funds and other institutional investors.
Monolithic Power Systems Stock Performance
Shares of MPWR opened at $904.44 on Friday. The business has a 50-day moving average of $867.96 and a 200 day moving average of $729.55. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $990.25. The firm has a market cap of $43.31 billion, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 3.65 and a beta of 1.27.
Monolithic Power Systems Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $1.56 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $6.24 annualized dividend and a yield of 0.7%. Monolithic Power Systems’s dividend payout ratio (DPR) is 16.25%.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. Raymond James Financial reiterated an “outperform” rating and set a $875.00 target price (up from $720.00) on shares of Monolithic Power Systems in a research note on Friday, August 1st. Wells Fargo & Company lifted their target price on Monolithic Power Systems from $730.00 to $750.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Stifel Nicolaus lifted their target price on Monolithic Power Systems from $880.00 to $930.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. KeyCorp lifted their target price on Monolithic Power Systems from $950.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Monolithic Power Systems in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $880.50.
View Our Latest Analysis on Monolithic Power Systems
Insider Buying and Selling
In related news, Director Carintia Martinez sold 1,400 shares of Monolithic Power Systems stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $900.00, for a total value of $1,260,000.00. Following the completion of the sale, the director owned 878 shares of the company’s stock, valued at approximately $790,200. This trade represents a 61.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Deming Xiao sold 39,999 shares of Monolithic Power Systems stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $780.00, for a total value of $31,199,220.00. Following the transaction, the executive vice president directly owned 121,605 shares of the company’s stock, valued at $94,851,900. The trade was a 24.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,702 shares of company stock worth $53,834,480 in the last quarter. 3.40% of the stock is currently owned by company insiders.
About Monolithic Power Systems
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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