Sirios Capital Management L P Sells 673 Shares of Monolithic Power Systems, Inc. $MPWR

Sirios Capital Management L P reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 20.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,645 shares of the semiconductor company’s stock after selling 673 shares during the quarter. Sirios Capital Management L P’s holdings in Monolithic Power Systems were worth $2,435,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MPWR. True Wealth Design LLC grew its stake in Monolithic Power Systems by 61.1% in the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 11 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in shares of 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 buying an additional 27 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at about $33,000. Armstrong Advisory Group Inc. grew its position 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 worth $38,000 after buying an additional 27 shares during the last quarter. Finally, Cornerstone Planning Group LLC grew its position in shares of Monolithic Power Systems by 542.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock worth $41,000 after buying an additional 38 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Saria Tseng sold 22,875 shares of Monolithic Power Systems 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 completion of the sale, the executive vice president owned 200,626 shares of the company’s stock, valued at approximately $234,965,146.16. The trade was a 10.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Theodore Blegen sold 21,725 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 value of $25,443,451.00. Following the sale, the chief financial officer owned 82,353 shares in the company, valued at approximately $96,448,539.48. The trade was a 20.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 98,550 shares of company stock worth $114,256,090 over the last three months. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Trading Up 1.8%

NASDAQ:MPWR opened at $1,052.59 on Friday. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $1,256.22. The company has a market cap of $51.70 billion, a PE ratio of 82.62, a P/E/G ratio of 2.62 and a beta of 1.45. The company’s 50 day moving average is $1,100.53 and its two-hundred day moving average is $992.70.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.05. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The business had revenue of $751.16 million during the quarter, compared to analysts’ expectations of $741.69 million. During the same quarter last year, the company posted $4.09 earnings per share. The business’s quarterly revenue was up 20.8% on a year-over-year basis. As a group, analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $2.00 dividend. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date is Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. Monolithic Power Systems’s dividend payout ratio (DPR) is 48.98%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MPWR shares. Rosenblatt Securities increased their target price on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Needham & Company LLC upped their price target on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Truist Financial increased their price objective on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Stifel Nicolaus raised their price objective on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,218.42.

Monolithic Power Systems Company 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.