Westwood Holdings Group Inc. Sells 70 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Westwood Holdings Group Inc. decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 0.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 12,802 shares of the semiconductor company’s stock after selling 70 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Monolithic Power Systems were worth $8,672,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MPWR. State of Michigan Retirement System grew its stake in shares of Monolithic Power Systems by 0.7% in the 4th quarter. State of Michigan Retirement System now owns 13,770 shares of the semiconductor company’s stock worth $8,686,000 after acquiring an additional 100 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in shares of Monolithic Power Systems in the 4th quarter worth about $1,832,000. Arizona State Retirement System boosted its holdings in shares of Monolithic Power Systems by 1.5% in the 4th quarter. Arizona State Retirement System now owns 12,475 shares of the semiconductor company’s stock worth $7,869,000 after buying an additional 184 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of Monolithic Power Systems by 145.8% in the 4th quarter. Private Trust Co. NA now owns 118 shares of the semiconductor company’s stock worth $74,000 after buying an additional 70 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of Monolithic Power Systems by 38,510.1% in the 4th quarter. International Assets Investment Management LLC now owns 76,448 shares of the semiconductor company’s stock worth $48,222,000 after buying an additional 76,250 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MPWR shares. Wells Fargo & Company boosted their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Friday. Rosenblatt Securities upped their price objective on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the company a “buy” rating in a report on Monday, July 29th. Raymond James upped their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday. Finally, Truist Financial upped their price objective on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $862.30.

Insider Buying and Selling

In related news, EVP Saria Tseng sold 869 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $690.02, for a total value of $599,627.38. Following the transaction, the executive vice president now directly owns 203,521 shares in the company, valued at $140,433,560.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Monolithic Power Systems news, EVP Saria Tseng sold 869 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $690.02, for a total transaction of $599,627.38. Following the transaction, the executive vice president now directly owns 203,521 shares in the company, valued at $140,433,560.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 200 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $735.00, for a total transaction of $147,000.00. Following the transaction, the director now owns 941 shares in the company, valued at $691,635. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,709 shares of company stock worth $71,147,068. Insiders own 3.20% of the company’s stock.

Monolithic Power Systems Trading Up 1.4 %

Shares of Monolithic Power Systems stock traded up $10.81 on Friday, reaching $795.76. The stock had a trading volume of 1,366,777 shares, compared to its average volume of 590,092. Monolithic Power Systems, Inc. has a 1 year low of $392.10 and a 1 year high of $891.67. The company has a market cap of $38.74 billion, a P/E ratio of 94.85, a price-to-earnings-growth ratio of 3.92 and a beta of 1.11. The business’s 50 day moving average is $810.38 and its two-hundred day moving average is $728.22.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.07 by $0.10. The company had revenue of $507.40 million for the quarter, compared to analysts’ expectations of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.63%. Monolithic Power Systems’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.05 earnings per share. On average, equities analysts anticipate that Monolithic Power Systems, Inc. will post 10.37 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Friday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is 59.59%.

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.