Bahl & Gaynor Inc. Decreases Position in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Bahl & Gaynor Inc. lessened its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,533 shares of the semiconductor company’s stock after selling 200 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Monolithic Power Systems were worth $4,426,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Monolithic Power Systems in the 4th quarter valued at $362,477,000. BNP Paribas Financial Markets raised its holdings in shares of Monolithic Power Systems by 95.1% in the 1st quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock valued at $206,712,000 after purchasing an additional 148,771 shares in the last quarter. UBS Group AG raised its holdings in shares of Monolithic Power Systems by 100.4% in the 4th quarter. UBS Group AG now owns 194,286 shares of the semiconductor company’s stock valued at $122,552,000 after purchasing an additional 97,357 shares in the last quarter. Vanguard Group Inc. raised its stake in Monolithic Power Systems by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 5,464,066 shares of the semiconductor company’s stock worth $3,446,624,000 after acquiring an additional 90,589 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Monolithic Power Systems by 10.0% during the 4th quarter. Wellington Management Group LLP now owns 938,919 shares of the semiconductor company’s stock worth $592,251,000 after acquiring an additional 85,676 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 891,232 shares of the company’s stock, valued at $589,861,899.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Michael Hsing sold 8,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 891,232 shares of the company’s stock, valued at $589,861,899.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Maurice Sciammas sold 10,999 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $843.83, for a total transaction of $9,281,286.17. Following the completion of the transaction, the executive vice president now directly owns 118,876 shares of the company’s stock, valued at approximately $100,311,135.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,310 shares of company stock worth $63,163,317. Insiders own 3.20% of the company’s stock.

Monolithic Power Systems Stock Performance

MPWR stock traded down $6.47 during trading on Tuesday, reaching $850.93. 177,798 shares of the company were exchanged, compared to its average volume of 515,726. The company has a market cap of $41.42 billion, a P/E ratio of 101.36, a PEG ratio of 4.04 and a beta of 1.11. Monolithic Power Systems, Inc. has a 52-week low of $392.10 and a 52-week high of $891.67. The stock’s 50 day moving average price is $798.12 and its 200 day moving average price is $714.98.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Wednesday, May 1st. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The company had revenue of $457.89 million during the quarter, compared to analysts’ expectations of $447.76 million. Monolithic Power Systems had a net margin of 22.44% and a return on equity of 21.01%. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 10.37 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Friday, June 28th. Monolithic Power Systems’s payout ratio is currently 59.59%.

Wall Street Analysts Forecast Growth

MPWR has been the topic of several research analyst reports. Oppenheimer lifted their price target on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. KeyCorp lifted their price target on shares of Monolithic Power Systems from $850.00 to $975.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 9th. Needham & Company LLC reiterated a “buy” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research note on Thursday, May 2nd. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $715.00 to $725.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Finally, Truist Financial lifted their price target on shares of Monolithic Power Systems from $789.00 to $799.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average target price of $806.13.

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.