US Bancorp DE Trims Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

US Bancorp DE cut its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,407 shares of the semiconductor company’s stock after selling 1,044 shares during the period. US Bancorp DE’s holdings in Monolithic Power Systems were worth $19,791,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of MPWR. Vanguard Group Inc. raised its position in Monolithic Power Systems by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 5,519,940 shares of the semiconductor company’s stock worth $3,739,318,000 after buying an additional 55,874 shares during the last quarter. Van ECK Associates Corp lifted its position in Monolithic Power Systems by 10.4% during the second quarter. Van ECK Associates Corp now owns 354,461 shares of the semiconductor company’s stock valued at $291,254,000 after purchasing an additional 33,287 shares during the period. Earnest Partners LLC boosted its holdings in Monolithic Power Systems by 5.2% in the first quarter. Earnest Partners LLC now owns 290,876 shares of the semiconductor company’s stock valued at $197,045,000 after purchasing an additional 14,327 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in Monolithic Power Systems by 14.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 275,979 shares of the semiconductor company’s stock worth $226,767,000 after purchasing an additional 34,557 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Monolithic Power Systems by 0.5% during the 2nd quarter. American Century Companies Inc. now owns 235,508 shares of the semiconductor company’s stock valued at $193,513,000 after buying an additional 1,262 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Monolithic Power Systems news, CEO Michael Hsing sold 2,790 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $2,171,708.10. Following the completion of the sale, the chief executive officer now directly owns 865,332 shares in the company, valued at $673,565,775.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Deming Xiao sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total value of $9,500,000.00. Following the transaction, the executive vice president now directly owns 29,714 shares in the company, valued at approximately $28,228,300. This represents a 0.00 % 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, CEO Michael Hsing sold 2,790 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $778.39, for a total value of $2,171,708.10. Following the transaction, the chief executive officer now owns 865,332 shares of the company’s stock, valued at approximately $673,565,775.48. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,636 shares of company stock worth $36,459,953. 3.70% of the stock is owned by corporate insiders.

Monolithic Power Systems Stock Up 0.0 %

Shares of MPWR opened at $759.37 on Friday. Monolithic Power Systems, Inc. has a 52-week low of $459.69 and a 52-week high of $959.64. The stock has a market cap of $37.02 billion, a PE ratio of 85.61, a price-to-earnings-growth ratio of 4.25 and a beta of 1.11. The firm’s fifty day moving average is $900.59 and its two-hundred day moving average is $821.62.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). The business had revenue of $620.12 million for the quarter, compared to analyst estimates of $600.10 million. Monolithic Power Systems had a return on equity of 21.00% and a net margin of 21.29%. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.66%. Monolithic Power Systems’s dividend payout ratio is presently 56.37%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MPWR shares. Stifel Nicolaus lifted their target price on shares of Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. Needham & Company LLC cut their price target on Monolithic Power Systems from $1,000.00 to $950.00 and set a “buy” rating for the company in a research note on Thursday. KeyCorp increased their price target on Monolithic Power Systems from $975.00 to $1,075.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Truist Financial restated a “buy” rating and issued a $994.00 price objective (up from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Monolithic Power Systems currently has an average rating of “Buy” and a consensus price target of $942.40.

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.