Triasima Portfolio Management inc. Sells 1,415 Shares of Monolithic Power Systems, Inc. $MPWR

Triasima Portfolio Management inc. cut its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 38.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,292 shares of the semiconductor company’s stock after selling 1,415 shares during the period. Triasima Portfolio Management inc.’s holdings in Monolithic Power Systems were worth $3,088,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. IFM Investors Pty Ltd acquired a new position in Monolithic Power Systems in the first quarter valued at approximately $10,462,000. Baird Financial Group Inc. grew its holdings in shares of Monolithic Power Systems by 10.3% during the second quarter. Baird Financial Group Inc. now owns 81,895 shares of the semiconductor company’s stock valued at $113,210,000 after purchasing an additional 7,624 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Monolithic Power Systems during the first quarter valued at approximately $5,061,000. Hsbc Holdings PLC raised its position in shares of Monolithic Power Systems by 43.1% during the 4th quarter. Hsbc Holdings PLC now owns 200,626 shares of the semiconductor company’s stock worth $182,310,000 after purchasing an additional 60,414 shares during the period. Finally, Ameritas Advisory Services LLC raised its position in shares of Monolithic Power Systems by 773.4% during the 2nd quarter. Ameritas Advisory Services LLC now owns 1,677 shares of the semiconductor company’s stock worth $2,318,000 after purchasing an additional 1,485 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Insider Activity at Monolithic Power Systems

In related news, Director Kuo Wei Chang sold 50 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the sale, the director directly owned 515 shares in the company, valued at $660,008.55. This trade represents a 8.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction on 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 sale, the executive vice president directly owned 1,119 shares in the company, valued at $1,503,868.86. The trade was a 2.61% decrease in their position. 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 quarter, insiders have sold 130 shares of company stock valued at $175,397. Insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MPWR. Needham & Company LLC raised their price target on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Rosenblatt Securities restated a “neutral” rating and set a $1,575.00 price objective on shares of Monolithic Power Systems in a research note on Friday, July 31st. Arete Research assumed coverage on Monolithic Power Systems in a research note on Thursday, August 20th. They set a “buy” rating and a $2,013.00 price objective for the company. Wall Street Zen raised Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Saturday, October 3rd. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average target price of $1,735.50.

Monolithic Power Systems Stock Up 0.5%

Monolithic Power Systems stock opened at $1,249.20 on Friday. The firm has a 50-day moving average price of $1,307.75 and a two-hundred day moving average price of $1,392.50. The firm has a market capitalization of $61.39 billion, a price-to-earnings ratio of 74.44 and a beta of 1.68. Monolithic Power Systems, Inc. has a 52-week low of $833.18 and a 52-week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, topping the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The firm had revenue of $980.64 million during the quarter, compared to analysts’ expectations of $903.30 million. During the same quarter in the prior year, the firm earned $4.21 EPS. Monolithic Power Systems’s quarterly revenue was up 47.6% on a year-over-year basis. Research analysts expect that Monolithic Power Systems, Inc. will post 23.80 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

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 dividend of $2.00 per share. The ex-dividend date was Wednesday, September 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s payout ratio is currently 49.05%.

About Monolithic Power Systems

Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help convert, regulate and control electrical power in electronic systems, with applications spanning computing and storage, automotive, industrial, communications infrastructure, consumer electronics and other markets.

The company’s product portfolio includes power-management integrated circuits, DC-to-DC converters, power modules, battery-charging and management solutions, LED drivers, motor drivers, voltage regulators and related analog and mixed-signal devices.