Moore Capital Management LP Decreases Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Moore Capital Management LP lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 35.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,894 shares of the semiconductor company’s stock after selling 7,106 shares during the quarter. Moore Capital Management LP’s holdings in Monolithic Power Systems were worth $11,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC grew its position in shares of Monolithic Power Systems by 61.1% in the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after buying an additional 11 shares during the last quarter. SJS Investment Consulting Inc. raised its stake in shares of Monolithic Power Systems by 2,700.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 27 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in Monolithic Power Systems during the third quarter valued at approximately $33,000. Armstrong Advisory Group Inc. lifted its position in Monolithic Power Systems by 192.9% during the third quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 27 shares during the last quarter. Finally, Cornerstone Planning Group LLC boosted its stake in Monolithic Power Systems by 542.9% in the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 21,725 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 $25,443,451.00. Following the completion of the transaction, the chief financial officer owned 82,353 shares in the company, valued at approximately $96,448,539.48. This trade represents a 20.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Victor K. Lee sold 400 shares of Monolithic Power Systems stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $1,212.16, for a total value of $484,864.00. Following the transaction, the director owned 27,756 shares of the company’s stock, valued at $33,644,712.96. The trade was a 1.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 98,550 shares of company stock worth $114,256,090 in the last three months. Company insiders own 3.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. KeyCorp lifted their price target on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Oppenheimer restated an “outperform” rating and set a $1,300.00 price target on shares of Monolithic Power Systems in a research note on Thursday, January 29th. Needham & Company LLC raised 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 Friday, February 6th. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Finally, William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,218.42.

Monolithic Power Systems Trading Up 2.4%

MPWR opened at $1,077.40 on Tuesday. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,256.22. The firm has a 50 day moving average of $1,102.98 and a two-hundred day moving average of $996.13. The firm has a market capitalization of $52.92 billion, a PE ratio of 84.57, a P/E/G ratio of 2.67 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $741.69 million. During the same period in the prior year, the firm earned $4.09 EPS. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. As a group, analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $2.00 dividend. 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 dividend payout ratio is currently 48.98%.

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.