Park National Corp OH Cuts Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Park National Corp OH reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 32.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,114 shares of the semiconductor company’s stock after selling 13,492 shares during the period. Park National Corp OH’s holdings in Monolithic Power Systems were worth $30,738,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MPWR. First Trust Advisors LP lifted its stake in Monolithic Power Systems by 66.4% in the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock worth $412,263,000 after acquiring an additional 178,622 shares during the last quarter. AIA Group Ltd acquired a new position in Monolithic Power Systems during the 3rd quarter worth approximately $1,459,000. Merit Financial Group LLC increased its position in shares of Monolithic Power Systems by 183.9% in the 4th quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock valued at $2,499,000 after purchasing an additional 1,786 shares during the last quarter. Fideuram Asset Management Ireland dac purchased a new stake in shares of Monolithic Power Systems in the 4th quarter valued at approximately $3,983,000. Finally, Mirabaud Asset Management Ltd purchased a new stake in shares of Monolithic Power Systems in the 4th quarter valued at approximately $4,424,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MPWR shares. Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Stifel Nicolaus increased their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Zacks Research lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. KeyCorp raised their price target on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $1,800.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,599.17.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $1,563.70 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $671.18 and a 52 week high of $1,714.09. The firm’s 50 day moving average is $1,546.37 and its two-hundred day moving average is $1,230.09. The firm has a market capitalization of $76.82 billion, a P/E ratio of 112.74, a P/E/G ratio of 2.80 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. During the same quarter in the previous year, the firm earned $4.04 EPS. The company’s revenue was up 26.1% compared to the same quarter last year. As a group, research analysts expect that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 57.68%.

Insider Activity

In related news, Director Eileen Wynne sold 335 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,582.68, for a total value of $530,197.80. Following the completion of the sale, the director directly owned 1,007 shares of the company’s stock, valued at $1,593,758.76. The trade was a 24.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Deming Xiao sold 30,000 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president owned 205,959 shares of the company’s stock, valued at $340,769,463.45. This represents a 12.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 113,043 shares of company stock worth $160,843,106 over the last three months. Company insiders own 3.60% of the company’s stock.

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.