Knowledge Leaders Capital LLC Cuts Stock Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Knowledge Leaders Capital LLC lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,880 shares of the semiconductor company’s stock after selling 60 shares during the period. Monolithic Power Systems makes up about 1.9% of Knowledge Leaders Capital LLC’s portfolio, making the stock its 25th biggest position. Knowledge Leaders Capital LLC’s holdings in Monolithic Power Systems were worth $1,186,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV grew its position in Monolithic Power Systems by 12.3% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 182 shares of the semiconductor company’s stock worth $115,000 after purchasing an additional 20 shares during the last quarter. Greenleaf Trust grew its position in Monolithic Power Systems by 2.2% during the 4th quarter. Greenleaf Trust now owns 957 shares of the semiconductor company’s stock worth $604,000 after purchasing an additional 21 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in Monolithic Power Systems by 1.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,188 shares of the semiconductor company’s stock valued at $749,000 after acquiring an additional 21 shares during the period. Arlington Trust Co LLC lifted its stake in Monolithic Power Systems by 56.1% during the 4th quarter. Arlington Trust Co LLC now owns 64 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 23 shares during the period. Finally, Polen Capital Management LLC lifted its stake in Monolithic Power Systems by 1.0% during the 3rd quarter. Polen Capital Management LLC now owns 2,489 shares of the semiconductor company’s stock valued at $1,150,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

NASDAQ MPWR traded up $16.89 on Friday, hitting $677.23. The company had a trading volume of 402,846 shares, compared to its average volume of 477,860. The company has a market capitalization of $32.95 billion, a PE ratio of 77.31, a PEG ratio of 3.53 and a beta of 1.24. The company’s fifty day moving average price is $682.80 and its 200-day moving average price is $608.56. Monolithic Power Systems, Inc. has a 12-month low of $383.19 and a 12-month high of $778.15.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.17). The company had revenue of $454.01 million during the quarter, compared to analysts’ expectations of $452.13 million. Monolithic Power Systems had a return on equity of 22.66% and a net margin of 23.47%. On average, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 10.05 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $1.25 per share. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.74%. Monolithic Power Systems’s dividend payout ratio is presently 57.08%.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 11,000 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the completion of the sale, the executive vice president now owns 130,744 shares of the company’s stock, valued at $89,145,181.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $603.26, for a total value of $1,508,150.00. Following the completion of the sale, the chief financial officer now owns 84,768 shares of the company’s stock, valued at $51,137,143.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurice Sciammas sold 11,000 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $681.83, for a total transaction of $7,500,130.00. Following the completion of the sale, the executive vice president now directly owns 130,744 shares of the company’s stock, valued at approximately $89,145,181.52. The disclosure for this sale can be found here. Insiders sold 45,077 shares of company stock valued at $30,357,479 over the last 90 days. 3.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MPWR has been the subject of several research reports. Needham & Company LLC lifted their price objective on shares of Monolithic Power Systems from $500.00 to $800.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. KeyCorp lifted their price objective on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Oppenheimer lifted their price objective on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Finally, TD Cowen boosted their target price on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $670.30.

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.