Artemis Investment Management LLP Lowers Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Artemis Investment Management LLP decreased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 50.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 392 shares of the semiconductor company’s stock after selling 406 shares during the quarter. Artemis Investment Management LLP’s holdings in Monolithic Power Systems were worth $265,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Mariner LLC raised its stake in shares of Monolithic Power Systems by 3.1% in the third quarter. Mariner LLC now owns 4,511 shares of the semiconductor company’s stock worth $2,084,000 after purchasing an additional 137 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Monolithic Power Systems by 438.8% in the third quarter. Federated Hermes Inc. now owns 264 shares of the semiconductor company’s stock worth $122,000 after purchasing an additional 215 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Monolithic Power Systems by 22.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 633 shares of the semiconductor company’s stock worth $292,000 after purchasing an additional 117 shares during the last quarter. Mutual Advisors LLC purchased a new position in shares of Monolithic Power Systems in the third quarter worth $418,000. Finally, Trexquant Investment LP raised its stake in shares of Monolithic Power Systems by 583.5% in the third quarter. Trexquant Investment LP now owns 6,548 shares of the semiconductor company’s stock worth $3,025,000 after purchasing an additional 5,590 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company upped their price objective on Monolithic Power Systems from $715.00 to $725.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Needham & Company LLC reiterated a “buy” rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, May 2nd. Oppenheimer upped their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. KeyCorp upped their price objective on Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, Truist Financial boosted their price target on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $766.00.

Monolithic Power Systems Stock Performance

MPWR stock traded up $12.21 during midday trading on Friday, reaching $821.68. 720,967 shares of the company traded hands, compared to its average volume of 522,651. Monolithic Power Systems, Inc. has a 52-week low of $392.10 and a 52-week high of $856.30. The business has a 50 day moving average of $741.01 and a 200-day moving average of $687.01. The firm has a market capitalization of $40.00 billion, a price-to-earnings ratio of 96.63, a P/E/G ratio of 4.08 and a beta of 1.13.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. Monolithic Power Systems had a return on equity of 21.01% and a net margin of 22.44%. The business had revenue of $457.89 million for the quarter, compared to the consensus estimate of $447.76 million. Research analysts anticipate that Monolithic Power Systems, Inc. will post 10.37 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $1.25 dividend. The ex-dividend date is Friday, June 28th. This represents a $5.00 annualized dividend and a dividend yield of 0.61%. Monolithic Power Systems’s payout ratio is 59.59%.

Insider Transactions at Monolithic Power Systems

In other news, EVP Deming Xiao sold 1,300 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $769.40, for a total value of $1,000,220.00. Following the sale, the executive vice president now directly owns 206,418 shares in the company, valued at $158,818,009.20. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Deming Xiao sold 1,300 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $769.40, for a total value of $1,000,220.00. Following the transaction, the executive vice president now owns 206,418 shares of the company’s stock, valued at $158,818,009.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kuo Wei Herbert Chang sold 200 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $735.00, for a total value of $147,000.00. Following the sale, the director now directly owns 941 shares in the company, valued at approximately $691,635. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,046 shares of company stock worth $31,842,373. 3.20% of the stock is currently owned by company insiders.

Monolithic Power Systems Company 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.