Zevenbergen Capital Investments LLC Sells 3,868 Shares of Monolithic Power Systems, Inc. $MPWR

Zevenbergen Capital Investments LLC trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,736 shares of the semiconductor company’s stock after selling 3,868 shares during the quarter. Monolithic Power Systems accounts for approximately 2.3% of Zevenbergen Capital Investments LLC’s portfolio, making the stock its 14th largest holding. Zevenbergen Capital Investments LLC owned about 0.15% of Monolithic Power Systems worth $100,686,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Monolithic Power Systems during the 2nd quarter valued at about $7,727,289,000. Corient Private Wealth LLC raised its stake in shares of Monolithic Power Systems by 3,719.6% during the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after purchasing an additional 1,993,576 shares during the period. Bank of America Corp DE purchased a new position in shares of Monolithic Power Systems in the second quarter valued at $741,271,000. Legal & General Group Plc purchased a new stake in Monolithic Power Systems during the 2nd quarter worth $497,561,000. Finally, Royal Bank of Canada lifted its holdings in Monolithic Power Systems by 168.1% in the 1st quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock worth $517,557,000 after buying an additional 296,788 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 3.9%

Monolithic Power Systems stock traded down $56.18 during mid-day trading on Thursday, hitting $1,369.80. 847,824 shares of the company’s stock traded hands, compared to its average volume of 726,441. Monolithic Power Systems, Inc. has a one year low of $833.18 and a one year high of $1,714.09. The firm has a 50 day moving average price of $1,312.56 and a 200 day moving average price of $1,382.56. The company has a market cap of $67.31 billion, a PE ratio of 83.99 and a beta of 1.68.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating the consensus estimate of $5.87 by $0.63. The firm had revenue of $980.64 million for the quarter, compared to analysts’ expectations of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. Monolithic Power Systems’s quarterly revenue was up 47.6% on a year-over-year basis. During the same quarter last year, the company earned $4.21 EPS. On average, analysts expect that Monolithic Power Systems, Inc. will post 23.32 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 30th. Monolithic Power Systems’s payout ratio is currently 49.05%.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the transaction, the executive vice president owned 1,119 shares of the company’s stock, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the sale, the director owned 515 shares of the company’s stock, valued at $660,008.55. This trade represents a 8.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 130 shares of company stock worth $175,397 in the last three months. Company insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

MPWR has been the topic of a number of recent analyst reports. Needham & Company LLC upped their target price on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Arete Research set a $2,013.00 target price on shares of Monolithic Power Systems and gave the stock a “buy” rating in a research report on Thursday, August 20th. KeyCorp boosted their price objective on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Rosenblatt Securities reiterated a “neutral” rating and issued a $1,575.00 target price on shares of Monolithic Power Systems in a research report on Friday, July 31st. Finally, Truist Financial boosted their target price on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,731.42.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help convert, regulate and control electrical power in electronic systems, with applications spanning computing and storage, automotive, industrial, communications infrastructure, consumer electronics and other markets.

The company’s product portfolio includes power-management integrated circuits, DC-to-DC converters, power modules, battery-charging and management solutions, LED drivers, motor drivers, voltage regulators and related analog and mixed-signal devices.