Handelsinvest Investeringsforvaltning Has $669,000 Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Handelsinvest Investeringsforvaltning cut its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 34.2% during the 1st quarter, Holdings Channel reports. The fund owned 988 shares of the semiconductor company’s stock after selling 513 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Monolithic Power Systems were worth $669,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. grew its stake in shares of Monolithic Power Systems by 4.9% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 483,812 shares of the semiconductor company’s stock valued at $327,743,000 after buying an additional 22,725 shares during the period. Oak Thistle LLC acquired a new stake in Monolithic Power Systems in the first quarter valued at approximately $392,000. Diversified Trust Co bought a new stake in shares of Monolithic Power Systems during the first quarter valued at approximately $474,000. SteelPeak Wealth LLC raised its position in shares of Monolithic Power Systems by 14.1% during the first quarter. SteelPeak Wealth LLC now owns 1,366 shares of the semiconductor company’s stock worth $927,000 after purchasing an additional 169 shares during the period. Finally, Trilogy Capital Inc. bought a new position in shares of Monolithic Power Systems in the 1st quarter worth $400,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Up 0.6 %

Shares of MPWR stock opened at $833.73 on Wednesday. The firm has a market capitalization of $40.59 billion, a price-to-earnings ratio of 98.78, a PEG ratio of 4.11 and a beta of 1.11. The stock has a fifty day moving average of $754.34 and a 200 day moving average of $692.48. Monolithic Power Systems, Inc. has a 52 week low of $392.10 and a 52 week high of $856.30.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share for the quarter, topping 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 firm had revenue of $457.89 million for the quarter, compared to the consensus estimate of $447.76 million. Equities 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Friday, June 28th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 59.59%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Monolithic Power Systems

In other news, CEO Michael Hsing sold 8,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $661.85, for a total transaction of $5,294,800.00. Following the completion of the transaction, the chief executive officer now directly owns 891,232 shares in the company, valued at $589,861,899.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Saria Tseng sold 37,093 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $808.20, for a total value of $29,978,562.60. Following the completion of the transaction, the executive vice president now owns 166,428 shares in the company, valued at $134,507,109.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Hsing sold 8,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $661.85, for a total value of $5,294,800.00. Following the sale, the chief executive officer now directly owns 891,232 shares in the company, valued at $589,861,899.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,311 shares of company stock worth $61,382,161. 3.20% of the stock is owned by insiders.

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.