Monolithic Power Systems, Inc. $MPWR Shares Sold by Torray Investment Partners LLC

Torray Investment Partners LLC decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 12.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,707 shares of the semiconductor company’s stock after selling 542 shares during the quarter. Torray Investment Partners LLC’s holdings in Monolithic Power Systems were worth $4,053,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Monolithic Power Systems in the 4th quarter valued at about $34,000. IFP Advisors Inc boosted its holdings in Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares in the last quarter. Covestor Ltd boosted its holdings in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after buying an additional 9 shares in the last quarter. Greenline Wealth Management LLC acquired a new position in Monolithic Power Systems during the fourth quarter worth about $38,000. Finally, Bell Investment Advisors Inc grew its position in Monolithic Power Systems by 23.7% during the first quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock worth $51,000 after buying an additional 9 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity at Monolithic Power Systems

In related news, EVP Deming Xiao sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the transaction, the executive vice president owned 205,959 shares of the company’s stock, valued at approximately $340,769,463.45. This represents a 12.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1,351.61, for a total transaction of $40,548.30. Following the transaction, the executive vice president directly owned 1,149 shares in the company, valued at $1,552,999.89. The trade was a 2.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 69,370 shares of company stock worth $112,702,503 over the last three months. Company insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Performance

MPWR stock traded down $21.39 on Friday, reaching $1,352.74. The company had a trading volume of 577,477 shares, compared to its average volume of 1,133,119. The company’s fifty day moving average is $1,514.02 and its 200 day moving average is $1,272.93. The company has a market cap of $66.46 billion, a P/E ratio of 97.53, a PEG ratio of 2.46 and a beta of 1.71. Monolithic Power Systems, Inc. has a 1 year low of $686.87 and a 1 year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. The company had revenue of $804.19 million during the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The business’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.04 earnings per share. On average, sell-side analysts predict that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is 57.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Stifel Nicolaus raised their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Raymond James Financial reaffirmed an “outperform” rating and set a $1,800.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 1st. Truist Financial set a $1,805.00 target price on Monolithic Power Systems in a report on Friday, May 1st. Finally, Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

Monolithic Power Systems Profile

Monolithic Power Systems (NASDAQ: MPWR) is a fabless semiconductor company that designs and supplies high-performance power management solutions for a broad range of electronic systems. Founded in 1997 and headquartered in Kirkland, Washington, the company focuses on analog and mixed-signal integrated circuits that convert, regulate and monitor electrical power with an emphasis on efficiency, integration and power density.

MPS’s product portfolio includes DC‑DC switching regulators, power modules, power management ICs (PMICs), LED drivers, battery-management ICs, motor drivers, and AC‑DC power solutions.