Monolithic Power Systems, Inc. $MPWR Shares Sold by Swedbank AB

Swedbank AB lowered its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 12.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,644 shares of the semiconductor company’s stock after selling 4,750 shares during the quarter. Swedbank AB’s holdings in Monolithic Power Systems were worth $35,691,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MPWR. Brighton Jones LLC boosted its position in shares of 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 in the last quarter. Empowered Funds LLC lifted its stake in Monolithic Power Systems by 3.1% during the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after purchasing an additional 161 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Monolithic Power Systems by 3.5% during the second quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock worth $6,863,000 after buying an additional 314 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in Monolithic Power Systems by 35.2% during the second quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock worth $26,175,000 after buying an additional 9,315 shares in the last quarter. Finally, Globeflex Capital L P acquired a new position in Monolithic Power Systems in the second quarter worth approximately $347,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Saria Tseng sold 7,565 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the sale, the executive vice president directly owned 144,218 shares in the company, valued at approximately $245,170,600. This trade represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $1,351.61, for a total value of $40,548.30. Following the sale, the executive vice president directly owned 1,149 shares of the company’s stock, valued at approximately $1,552,999.89. The trade was a 2.54% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 69,370 shares of company stock worth $112,702,503. Insiders own 3.60% of the company’s stock.

Monolithic Power Systems Trading Up 3.4%

NASDAQ:MPWR opened at $1,315.51 on Thursday. The firm has a market capitalization of $64.63 billion, a price-to-earnings ratio of 94.85, a PEG ratio of 2.28 and a beta of 1.71. Monolithic Power Systems, Inc. has a 1-year low of $686.87 and a 1-year high of $1,714.09. The business’s fifty day moving average price is $1,520.10 and its 200 day moving average price is $1,269.29.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The firm had revenue of $804.19 million during the quarter, compared to analyst estimates of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The business’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same period last year, the company posted $4.04 EPS. Equities analysts forecast that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is currently 57.68%.

Analyst Ratings Changes

MPWR has been the subject of several research reports. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. Rosenblatt Securities increased their price target on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. TD Cowen boosted their price objective on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Truist Financial set a $1,805.00 target price on shares of Monolithic Power Systems in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and an average target price of $1,599.17.

Monolithic Power Systems Company Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC?DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC?DC power solutions.