Inspire Investing LLC Sells 782 Shares of Monolithic Power Systems, Inc. $MPWR

Inspire Investing LLC trimmed its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,264 shares of the semiconductor company’s stock after selling 782 shares during the period. Monolithic Power Systems comprises 0.8% of Inspire Investing LLC’s holdings, making the stock its 15th biggest holding. Inspire Investing LLC’s holdings in Monolithic Power Systems were worth $19,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in MPWR. BlackRock Inc. purchased a new position in shares of Monolithic Power Systems during the second quarter worth approximately $7,727,289,000. State Street Corp boosted its holdings in shares of Monolithic Power Systems by 4.3% in the second quarter. State Street Corp now owns 2,282,186 shares of the semiconductor company’s stock valued at $3,159,219,000 after purchasing an additional 93,732 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Monolithic Power Systems by 42.3% in 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 purchasing an additional 221,666 shares during the period. Bank of America Corp DE purchased a new stake in shares of Monolithic Power Systems in the second quarter valued at approximately $741,271,000. Finally, Royal Bank of Canada boosted its holdings in shares of Monolithic Power Systems by 168.1% in the first quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock valued at $517,557,000 after purchasing an additional 296,788 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MPWR shares. Oppenheimer lowered their target price on Monolithic Power Systems from $1,700.00 to $1,500.00 and set an “outperform” rating for the company in a report on Friday. Rosenblatt Securities restated a “neutral” rating and set a $1,575.00 price target on shares of Monolithic Power Systems in a research note on Friday, July 31st. TD Cowen decreased their price objective on Monolithic Power Systems from $1,850.00 to $1,700.00 and set a “buy” rating for the company in a report on Monday, October 19th. Needham & Company LLC lifted their price objective on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,692.64.

Monolithic Power Systems Stock Down 2.4%

NASDAQ:MPWR opened at $1,140.12 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $833.18 and a 52 week high of $1,714.09. The firm has a 50 day moving average of $1,286.36 and a 200 day moving average of $1,395.71. The stock has a market capitalization of $56.03 billion, a price-to-earnings ratio of 69.90 and a beta of 1.68.

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, beating the consensus estimate of $5.87 by $0.63. The company had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. Monolithic Power Systems’s revenue was up 47.6% compared to the same quarter last year. During the same period last year, the firm earned $4.21 earnings per share. As a group, analysts expect that Monolithic Power Systems, Inc. will post 23.95 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a $2.00 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.7%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 49.05%.

Insider Buying and Selling at Monolithic Power Systems

In related news, 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 transaction, the director directly owned 515 shares in the company, valued at $660,008.55. The trade was a 8.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the transaction, the executive vice president directly owned 1,119 shares in the company, valued at $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 130 shares of company stock worth $175,397. 3.60% of the stock is owned by company insiders.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help regulate, convert, distribute and control electrical power in electronic systems, supporting applications that require efficient and reliable power delivery.

The company’s portfolio includes integrated circuits, power modules, battery-management products, motor drivers, LED drivers and related analog and mixed-signal semiconductor solutions.