Pembroke Management LTD Cuts Holdings in Monolithic Power Systems, Inc. $MPWR

Pembroke Management LTD reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.9% in the 3rd quarter, Holdings Channel reports. The firm owned 53,936 shares of the semiconductor company’s stock after selling 1,033 shares during the period. Monolithic Power Systems accounts for approximately 4.9% of Pembroke Management LTD’s holdings, making the stock its 4th biggest position. Pembroke Management LTD’s holdings in Monolithic Power Systems were worth $49,656,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. True Wealth Design LLC raised its position in shares of 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 period. SJS Investment Consulting Inc. grew its stake in Monolithic Power Systems by 2,700.0% in the 3rd 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. NewSquare Capital LLC grew its stake in 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 last quarter. Salomon & Ludwin LLC bought a new position in Monolithic Power Systems in the 3rd quarter worth $33,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Monolithic Power Systems during the 2nd quarter worth $36,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity

In other news, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $896.97, for a total value of $89,697.00. Following the completion of the transaction, the director owned 426 shares in the company, valued at approximately $382,109.22. This represents a 19.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 3,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $940.47, for a total transaction of $2,821,410.00. Following the transaction, the chief financial officer directly owned 68,332 shares of the company’s stock, valued at $64,264,196.04. The trade was a 4.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 71,276 shares of company stock valued at $64,784,323. 3.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Citigroup raised their price target on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Stifel Nicolaus increased their target price on Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Wells Fargo & Company raised their target price on Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Monolithic Power Systems in a research report on Friday, December 26th. Finally, Needham & Company LLC increased their price objective on Monolithic Power Systems from $820.00 to $1,025.00 and gave the company a “buy” rating in a research report on Monday, September 29th. One investment 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,074.58.

Monolithic Power Systems Stock Up 2.3%

Shares of MPWR opened at $1,033.17 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,123.38. The firm has a market capitalization of $49.50 billion, a price-to-earnings ratio of 26.38, a P/E/G ratio of 2.86 and a beta of 1.45. The stock’s 50-day moving average price is $942.52 and its 200 day moving average price is $893.13.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $4.73 EPS for the quarter, topping analysts’ consensus estimates of $4.62 by $0.11. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.The company had revenue of $737.18 million during the quarter, compared to the consensus estimate of $720.66 million. During the same quarter last year, the company earned $4.06 EPS. The company’s quarterly revenue was up 18.9% on a year-over-year basis. Equities research analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a $1.56 dividend. This represents a $6.24 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, December 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is 15.93%.

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.