Clear Creek Financial Management LLC reduced its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 9.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 632 shares of the semiconductor company’s stock after selling 66 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Monolithic Power Systems were worth $462,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. BankPlus Trust Department boosted its position in shares of Monolithic Power Systems by 4.4% in the second quarter. BankPlus Trust Department now owns 1,254 shares of the semiconductor company’s stock valued at $917,000 after acquiring an additional 53 shares during the period. KLP Kapitalforvaltning AS lifted its position in Monolithic Power Systems by 2.1% during the second quarter. KLP Kapitalforvaltning AS now owns 17,100 shares of the semiconductor company’s stock valued at $12,529,000 after purchasing an additional 350 shares during the last quarter. KPP Advisory Services LLC lifted its position in Monolithic Power Systems by 69.7% during the second quarter. KPP Advisory Services LLC now owns 998 shares of the semiconductor company’s stock valued at $730,000 after purchasing an additional 410 shares during the last quarter. Confluence Wealth Services Inc. lifted its position in Monolithic Power Systems by 0.9% during the second quarter. Confluence Wealth Services Inc. now owns 2,067 shares of the semiconductor company’s stock valued at $1,511,000 after purchasing an additional 19 shares during the last quarter. Finally, Valley National Advisers Inc. lifted its position in Monolithic Power Systems by 1.1% during the second quarter. Valley National Advisers Inc. now owns 2,312 shares of the semiconductor company’s stock valued at $1,690,000 after purchasing an additional 26 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.
Monolithic Power Systems Stock Performance
MPWR stock opened at $904.44 on Friday. The company has a market capitalization of $43.31 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 3.65 and a beta of 1.27. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $990.25. The company’s 50 day moving average price is $867.96 and its two-hundred day moving average price is $729.55.
Monolithic Power Systems Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Monolithic Power Systems’s payout ratio is presently 16.25%.
Insider Buying and Selling
In related news, Director Carintia Martinez sold 1,400 shares of Monolithic Power Systems stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $900.00, for a total value of $1,260,000.00. Following the transaction, the director directly owned 878 shares of the company’s stock, valued at $790,200. The trade was a 61.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Saria Tseng sold 14,510 shares of Monolithic Power Systems stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $914.45, for a total transaction of $13,268,669.50. Following the completion of the transaction, the executive vice president directly owned 144,494 shares in the company, valued at approximately $132,132,538.30. The trade was a 9.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,702 shares of company stock valued at $53,834,480 over the last quarter. Company insiders own 3.40% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on MPWR shares. Oppenheimer reiterated an “outperform” rating and set a $800.00 target price (up from $700.00) on shares of Monolithic Power Systems in a research report on Tuesday, July 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Monolithic Power Systems in a research report on Wednesday. Loop Capital lifted their target price on shares of Monolithic Power Systems from $760.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Stifel Nicolaus lifted their target price on shares of Monolithic Power Systems from $880.00 to $930.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $880.50.
Get Our Latest Analysis on MPWR
Monolithic Power Systems 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.
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