Mn Services Vermogensbeheer B.V. Trims Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Mn Services Vermogensbeheer B.V. reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 7.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,400 shares of the semiconductor company’s stock after selling 1,300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Monolithic Power Systems were worth $10,092,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MPWR. Brighton Jones LLC increased its position in Monolithic Power Systems by 46.0% during the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 200 shares during the period. Asset Management One Co. Ltd. increased its position in Monolithic Power Systems by 5.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 20,512 shares of the semiconductor company’s stock valued at $12,568,000 after purchasing an additional 1,034 shares during the period. Principal Securities Inc. increased its position in Monolithic Power Systems by 45.4% during the 4th quarter. Principal Securities Inc. now owns 782 shares of the semiconductor company’s stock valued at $463,000 after purchasing an additional 244 shares during the period. Allworth Financial LP increased its position in Monolithic Power Systems by 11.5% during the 4th quarter. Allworth Financial LP now owns 155 shares of the semiconductor company’s stock valued at $92,000 after purchasing an additional 16 shares during the period. Finally, Principal Financial Group Inc. increased its position in Monolithic Power Systems by 115.2% during the 4th quarter. Principal Financial Group Inc. now owns 174,411 shares of the semiconductor company’s stock valued at $103,200,000 after purchasing an additional 93,347 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 12,000 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now directly owns 4,015 shares of the company’s stock, valued at approximately $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $650.00, for a total transaction of $65,000.00. Following the transaction, the director now directly owns 776 shares of the company’s stock, valued at $504,400. The trade was a 11.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,200 shares of company stock valued at $8,546,800 over the last 90 days. 3.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of recent research reports. Raymond James reaffirmed an “outperform” rating and issued a $720.00 target price (down from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Wells Fargo & Company upped their target price on shares of Monolithic Power Systems from $665.00 to $695.00 and gave the stock an “equal weight” rating in a research report on Monday. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $644.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. TD Cowen upped their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $789.42.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $706.59 on Tuesday. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $959.64. The company has a market capitalization of $33.83 billion, a P/E ratio of 19.22, a P/E/G ratio of 2.60 and a beta of 1.19. The firm’s 50 day simple moving average is $634.92 and its two-hundred day simple moving average is $621.66.

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

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 0.88%. The ex-dividend date is Monday, June 30th. Monolithic Power Systems’s dividend payout ratio is currently 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.