Monolithic Power Systems, Inc. $MPWR Shares Sold by Tredje AP fonden

Tredje AP fonden reduced its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 28.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,543 shares of the semiconductor company’s stock after selling 1,806 shares during the period. Tredje AP fonden’s holdings in Monolithic Power Systems were worth $4,182,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MPWR. SJS Investment Consulting Inc. lifted its position in Monolithic Power Systems by 2,700.0% during the third quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 27 shares during the period. True Wealth Design LLC grew its position in Monolithic Power Systems by 61.1% during the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 11 shares during the period. Salomon & Ludwin LLC purchased a new position in shares of Monolithic Power Systems during the 3rd quarter valued at about $33,000. Armstrong Advisory Group Inc. lifted its holdings in shares of Monolithic Power Systems by 192.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 27 shares during the period. Finally, NewSquare Capital LLC lifted its holdings in shares of Monolithic Power Systems by 76.0% in the 2nd quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 19 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 2.5%

Shares of MPWR opened at $1,204.10 on Friday. The firm has a market cap of $57.69 billion, a P/E ratio of 94.51, a PEG ratio of 3.05 and a beta of 1.45. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $1,250.00. The stock’s 50 day moving average is $1,047.98 and its two-hundred day moving average is $964.37.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.05. Monolithic Power Systems had a return on equity of 18.09% and a net margin of 22.07%.The business had revenue of $751.16 million during the quarter, compared to the consensus estimate of $741.69 million. During the same period in the prior year, the company posted $4.09 EPS. The business’s quarterly revenue was up 20.8% on a year-over-year basis. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 annualized dividend and a yield of 0.7%. Monolithic Power Systems’s payout ratio is 48.98%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Oppenheimer reaffirmed an “outperform” rating and set a $1,300.00 target price on shares of Monolithic Power Systems in a report on Thursday, January 29th. Citigroup upped their price objective on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Monolithic Power Systems in a research note on Friday, December 26th. Finally, Stifel Nicolaus increased their price target on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $1,218.42.

Insiders Place Their Bets

In other news, EVP Saria Tseng sold 22,875 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the completion of the sale, the executive vice president owned 200,626 shares of the company’s stock, valued at $234,965,146.16. The trade was a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Deming Xiao sold 22,875 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the transaction, the executive vice president owned 235,932 shares of the company’s stock, valued at approximately $276,314,121.12. This trade represents a 8.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 125,626 shares of company stock valued at $139,159,251. 3.40% of the stock is owned by company insiders.

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.