Monolithic Power Systems, Inc. $MPWR Stock Sold by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC lessened its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,736 shares of the semiconductor company’s stock after selling 3,868 shares during the period. Monolithic Power Systems comprises approximately 2.3% of Zevenbergen Capital Investments LLC’s portfolio, making the stock its 14th biggest position. Zevenbergen Capital Investments LLC’s holdings in Monolithic Power Systems were worth $100,686,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MPWR. BlackRock Inc. purchased a new stake in Monolithic Power Systems in the 2nd quarter worth approximately $7,727,289,000. State Street Corp increased its position in Monolithic Power Systems by 4.3% in the 2nd quarter. State Street Corp now owns 2,282,186 shares of the semiconductor company’s stock worth $3,159,219,000 after purchasing an additional 93,732 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Monolithic Power Systems by 3,719.6% during the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock worth $1,855,476,000 after purchasing an additional 1,993,576 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Monolithic Power Systems by 25.9% during the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock valued at $1,300,345,000 after buying an additional 295,556 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Monolithic Power Systems by 42.3% during the second quarter. Van ECK Associates Corp now owns 746,237 shares of the semiconductor company’s stock valued at $1,031,568,000 after acquiring an additional 221,666 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock traded down $56.18 on Thursday, hitting $1,369.80. The company had a trading volume of 847,824 shares, compared to its average volume of 726,441. The firm has a market capitalization of $67.31 billion, a P/E ratio of 83.99 and a beta of 1.68. Monolithic Power Systems, Inc. has a twelve month low of $833.18 and a twelve month high of $1,714.09. The stock has a 50-day moving average of $1,312.56 and a 200-day moving average of $1,382.56.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping analysts’ consensus estimates of $5.87 by $0.63. The company had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The firm’s quarterly revenue was up 47.6% compared to the same quarter last year. During the same quarter last year, the company earned $4.21 earnings per share. Equities analysts predict that Monolithic Power Systems, Inc. will post 23.32 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $8.00 annualized dividend and a yield of 0.6%. Monolithic Power Systems’s payout ratio is presently 49.05%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MPWR shares. Zacks Research lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. Raymond James Financial reiterated an “outperform” rating on shares of Monolithic Power Systems in a report on Wednesday, August 12th. KeyCorp increased their price objective on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Needham & Company LLC boosted their target price on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Arete Research set a $2,013.00 price objective on shares of Monolithic Power Systems and gave the stock a “buy” rating in a report on Thursday, August 20th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,731.42.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the completion of the transaction, the executive vice president directly owned 1,119 shares in the company, valued at approximately $1,503,868.86. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the completion of the sale, the director directly owned 515 shares in the company, valued at approximately $660,008.55. This represents a 8.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 130 shares of company stock valued at $175,397 in the last three months. Company insiders own 3.60% of the company’s stock.

About Monolithic Power Systems

Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help convert, regulate and control electrical power in electronic systems, with applications spanning computing and storage, automotive, industrial, communications infrastructure, consumer electronics and other markets.

The company’s product portfolio includes power-management integrated circuits, DC-to-DC converters, power modules, battery-charging and management solutions, LED drivers, motor drivers, voltage regulators and related analog and mixed-signal devices.