Geneva Capital Management LLC Sells 168 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Geneva Capital Management LLC lowered its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,723 shares of the semiconductor company’s stock after selling 168 shares during the quarter. Geneva Capital Management LLC’s holdings in Monolithic Power Systems were worth $16,071,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MPWR. Norges Bank bought a new position in shares of Monolithic Power Systems in the fourth quarter worth about $362,477,000. BNP Paribas Financial Markets lifted its holdings in shares of Monolithic Power Systems by 95.1% in the first quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock worth $206,712,000 after acquiring an additional 148,771 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Monolithic Power Systems by 2.4% in the third quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock worth $2,482,546,000 after acquiring an additional 123,946 shares during the last quarter. UBS Group AG increased its stake in shares of Monolithic Power Systems by 100.4% in the fourth quarter. UBS Group AG now owns 194,286 shares of the semiconductor company’s stock valued at $122,552,000 after buying an additional 97,357 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Monolithic Power Systems by 10.0% in the fourth quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock valued at $592,251,000 after buying an additional 85,676 shares during the period. Institutional investors own 93.46% of the company’s stock.

Insider Activity

In other news, EVP Saria Tseng sold 37,093 shares of Monolithic Power Systems stock in a transaction on Monday, July 1st. The shares were sold at an average price of $808.20, for a total value of $29,978,562.60. Following the completion of the sale, the executive vice president now owns 166,428 shares in the company, valued at approximately $134,507,109.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Kuo Wei Herbert Chang sold 200 shares of Monolithic Power Systems 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 completion of the sale, the director now owns 941 shares of the company’s stock, valued at approximately $691,635. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Saria Tseng sold 37,093 shares of Monolithic Power Systems stock in a transaction on Monday, July 1st. The shares were sold at an average price of $808.20, for a total transaction of $29,978,562.60. Following the completion of the sale, the executive vice president now directly owns 166,428 shares of the company’s stock, valued at approximately $134,507,109.60. The disclosure for this sale can be found here. Insiders sold 81,310 shares of company stock worth $63,163,317 in the last quarter. 3.20% of the stock is owned by corporate insiders.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR traded down $29.86 during mid-day trading on Thursday, hitting $830.95. The company had a trading volume of 629,285 shares, compared to its average volume of 513,259. The firm has a fifty day moving average price of $776.29 and a 200 day moving average price of $701.34. The company has a market capitalization of $40.45 billion, a PE ratio of 102.60, a price-to-earnings-growth ratio of 4.26 and a beta of 1.11. Monolithic Power Systems, Inc. has a one year low of $392.10 and a one year high of $876.65.

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

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $1.25 dividend. The ex-dividend date is Friday, June 28th. This represents a $5.00 annualized dividend and a dividend yield of 0.60%. Monolithic Power Systems’s dividend payout ratio is currently 59.59%.

Wall Street Analysts Forecast Growth

MPWR has been the subject of several recent research reports. KeyCorp upped their price objective on Monolithic Power Systems from $850.00 to $975.00 and gave the company an “overweight” rating in a research note on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $800.00 price objective on shares of Monolithic Power Systems in a research note on Thursday, May 2nd. 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 note on Thursday, May 2nd. Truist Financial upped their price objective on Monolithic Power Systems from $789.00 to $799.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Finally, Oppenheimer increased their target price on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Monolithic Power Systems has a consensus rating of “Moderate Buy” and a consensus price target of $806.13.

Monolithic Power Systems 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.