Greenleaf Trust Sells 42 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Posted by Defense World Staff on Apr 8th, 2023

Greenleaf Trust decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Get Rating) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 896 shares of the semiconductor company’s stock after selling 42 shares during the quarter. Greenleaf Trust’s holdings in Monolithic Power Systems were worth $317,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Guardian Wealth Advisors LLC bought a new position in Monolithic Power Systems during the 3rd quarter worth approximately $27,000. Achmea Investment Management B.V. bought a new position in Monolithic Power Systems during the 1st quarter worth approximately $27,000. Private Trust Co. NA grew its position in shares of Monolithic Power Systems by 111.1% during the 3rd quarter. Private Trust Co. NA now owns 76 shares of the semiconductor company’s stock worth $28,000 after buying an additional 40 shares during the period. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Monolithic Power Systems during the 3rd quarter worth approximately $32,000. Finally, Trifecta Capital Advisors LLC acquired a new stake in shares of Monolithic Power Systems during the 4th quarter worth approximately $34,000. Institutional investors own 96.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MPWR shares. Cowen raised their price objective on shares of Monolithic Power Systems from $490.00 to $550.00 and gave the stock an “outperform” rating in a research report on Thursday, February 9th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Monolithic Power Systems from $435.00 to $505.00 in a research report on Thursday, February 9th. Rosenblatt Securities reissued a “buy” rating and issued a $620.00 price target on shares of Monolithic Power Systems in a research report on Thursday, February 9th. Truist Financial lifted their price target on shares of Monolithic Power Systems from $533.00 to $608.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. Finally, Needham & Company LLC lifted their price target on shares of Monolithic Power Systems from $450.00 to $525.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus price target of $542.09.

Insider Buying and Selling at Monolithic Power Systems

In other news, CEO Michael Hsing sold 22,483 shares of the firm’s stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $462.41, for a total transaction of $10,396,364.03. Following the completion of the sale, the chief executive officer now owns 1,067,449 shares in the company, valued at approximately $493,599,092.09. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Michael Hsing sold 22,483 shares of the business’s stock in a transaction dated Wednesday, February 8th. The stock was sold at an average price of $462.41, for a total value of $10,396,364.03. Following the sale, the chief executive officer now directly owns 1,067,449 shares in the company, valued at approximately $493,599,092.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Deming Xiao sold 2,980 shares of the company’s stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $400.00, for a total transaction of $1,192,000.00. Following the sale, the insider now directly owns 261,920 shares in the company, valued at $104,768,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,685 shares of company stock worth $45,314,643. Insiders own 2.00% of the company’s stock.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $473.61 on Friday. The firm has a market cap of $22.41 billion, a price-to-earnings ratio of 52.39, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13. Monolithic Power Systems, Inc. has a 52 week low of $301.69 and a 52 week high of $541.39. The firm has a 50-day moving average price of $486.11 and a two-hundred day moving average price of $409.21.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be paid a $1.00 dividend. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $4.00 annualized dividend and a yield of 0.84%. Monolithic Power Systems’s dividend payout ratio (DPR) is 44.25%.

Monolithic Power Systems Company Profile

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Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, and consumer applications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment.