Monolithic Power Systems, Inc. $MPWR Stock Sold by Inspire Investing LLC

Inspire Investing LLC reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 14,264 shares of the semiconductor company’s stock after selling 782 shares during the quarter. Monolithic Power Systems accounts for approximately 0.8% of Inspire Investing LLC’s investment portfolio, making the stock its 15th biggest holding. Inspire Investing LLC’s holdings in Monolithic Power Systems were worth $19,217,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MPWR. Royal Fund Management LLC grew its holdings in shares of Monolithic Power Systems by 2.7% during the first quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company’s stock valued at $289,000 after buying an additional 7 shares during the last quarter. Eastern Bank raised its stake in Monolithic Power Systems by 8.0% in the 3rd quarter. Eastern Bank now owns 108 shares of the semiconductor company’s stock worth $146,000 after acquiring an additional 8 shares during the last quarter. Avidian Wealth Enterprises LLC raised its stake in Monolithic Power Systems by 4.5% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 185 shares of the semiconductor company’s stock worth $250,000 after acquiring an additional 8 shares during the last quarter. Worthington Financial Partners LLC raised its stake in Monolithic Power Systems by 0.6% in the 3rd quarter. Worthington Financial Partners LLC now owns 1,622 shares of the semiconductor company’s stock worth $2,185,000 after acquiring an additional 9 shares during the last quarter. Finally, First Bank & Trust lifted its position in Monolithic Power Systems by 3.7% during the 3rd quarter. First Bank & Trust now owns 254 shares of the semiconductor company’s stock worth $342,000 after acquiring an additional 9 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,140.12 on Friday. 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 market cap of $56.03 billion, a price-to-earnings ratio of 69.90 and a beta of 1.68. The firm’s fifty day moving average is $1,286.36 and its two-hundred day moving average is $1,395.71.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping the consensus estimate of $5.87 by $0.63. The company had revenue of $980.64 million for the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%. The firm’s revenue for the quarter was up 47.6% compared to the same quarter last year. During the same period last year, the firm earned $4.21 EPS. As a group, equities research analysts predict that Monolithic Power Systems, Inc. will post 23.95 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $2.00 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is presently 49.05%.

Analysts Set New Price Targets

Several research firms have weighed in on MPWR. Rosenblatt Securities reiterated a “neutral” rating and set a $1,575.00 price target on shares of Monolithic Power Systems in a research note on Friday, July 31st. KeyCorp increased 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. TD Cowen reduced their price objective on Monolithic Power Systems from $1,850.00 to $1,700.00 and set a “buy” rating for the company in a research note on Monday, October 19th. Zacks Research cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Finally, Wells Fargo & Company decreased their target price on Monolithic Power Systems from $1,800.00 to $1,550.00 and set an “overweight” rating for the company in a report on Tuesday. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average target price of $1,692.64.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 1,119 shares of the company’s stock, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 515 shares of the company’s stock, valued at $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 130 shares of company stock worth $175,397. 3.60% of the stock is owned by corporate insiders.

About Monolithic Power Systems

Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help regulate, convert, distribute and control electrical power in electronic systems, supporting applications that require efficient and reliable power delivery.

The company’s portfolio includes integrated circuits, power modules, battery-management products, motor drivers, LED drivers and related analog and mixed-signal semiconductor solutions.