Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Gilbert & Cook Inc.

Gilbert & Cook Inc. lessened its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,377 shares of the semiconductor company’s stock after selling 81 shares during the quarter. Gilbert & Cook Inc.’s holdings in Monolithic Power Systems were worth $1,273,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Swiss National Bank raised its stake in shares of Monolithic Power Systems by 0.3% in the 3rd quarter. Swiss National Bank now owns 144,500 shares of the semiconductor company’s stock valued at $133,590,000 after purchasing an additional 400 shares in the last quarter. Alpha Family Trust acquired a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at about $217,000. Atlanta Consulting Group Advisors LLC acquired a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at about $297,000. Sather Financial Group Inc acquired a new stake in Monolithic Power Systems during the third quarter worth about $688,000. Finally, Paragon Advisors LLC raised its stake in Monolithic Power Systems by 4.6% during the third quarter. Paragon Advisors LLC now owns 2,131 shares of the semiconductor company’s stock worth $1,970,000 after acquiring an additional 94 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Trading Down 0.6 %

NASDAQ MPWR opened at $573.38 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $532.86 and a 52 week high of $959.64. The stock has a market cap of $27.97 billion, a price-to-earnings ratio of 64.64, a price-to-earnings-growth ratio of 2.73 and a beta of 1.15. The company has a 50-day moving average price of $856.47 and a two-hundred day moving average price of $827.10.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.05). Monolithic Power Systems had a return on equity of 20.44% and a net margin of 21.29%. The firm had revenue of $620.12 million during the quarter, compared to the consensus estimate of $600.10 million. As a group, equities research analysts expect that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Wall Street Analyst Weigh In

MPWR has been the topic of several research reports. Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. TD Cowen dropped their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Truist Financial reiterated a “buy” rating and set a $994.00 price objective (up previously from $918.00) on shares of Monolithic Power Systems in a research note on Wednesday, October 2nd. Finally, Raymond James increased their price objective on shares of Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $916.73.

Insider Activity

In other news, EVP Deming Xiao sold 9,259 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $950.00, for a total value of $8,796,050.00. Following the completion of the transaction, the executive vice president now directly owns 20,455 shares in the company, valued at $19,432,250. This trade represents a 31.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Maurice Sciammas sold 11,000 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the completion of the transaction, the executive vice president now owns 103,829 shares of the company’s stock, valued at $96,518,400.11. This trade represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,359 shares of company stock worth $36,209,571 over the last three months. Corporate insiders own 3.70% of the company’s stock.

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.