Pacer Advisors Inc. Decreases Stock Position in Monolithic Power Systems, Inc. $MPWR

Pacer Advisors Inc. decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 12.1% in the 4th quarter, Holdings Channel reports. The fund owned 50,654 shares of the semiconductor company’s stock after selling 6,989 shares during the period. Pacer Advisors Inc.’s holdings in Monolithic Power Systems were worth $45,911,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Monolithic Power Systems by 2.1% during the fourth quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company’s stock worth $1,979,610,000 after purchasing an additional 45,715 shares in the last quarter. Corient Private Wealth LLC grew its holdings in Monolithic Power Systems by 3,719.6% during the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after purchasing an additional 1,993,576 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Monolithic Power Systems by 7.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company’s stock worth $1,533,013,000 after buying an additional 117,596 shares during the period. Invesco Ltd. increased its stake in Monolithic Power Systems by 25.9% during the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock worth $1,300,345,000 after buying an additional 295,556 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Monolithic Power Systems by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 1,382,280 shares of the semiconductor company’s stock worth $1,248,436,000 after buying an additional 44,583 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 30,000 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the completion of the transaction, the executive vice president directly owned 205,959 shares of the company’s stock, valued at approximately $340,769,463.45. This trade represents a 12.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Saria Tseng sold 7,565 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the transaction, the executive vice president owned 144,218 shares in the company, valued at approximately $245,170,600. This trade represents a 4.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 113,043 shares of company stock valued at $160,843,106 over the last three months. 3.60% of the stock is owned by company insiders.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $1,563.70 on Friday. The company has a market cap of $76.82 billion, a P/E ratio of 112.74, a PEG ratio of 2.80 and a beta of 1.69. The stock has a fifty day moving average price of $1,546.37 and a 200 day moving average price of $1,230.09. Monolithic Power Systems, Inc. has a 12 month low of $671.18 and a 12 month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The company had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. During the same quarter last year, the business earned $4.04 earnings per share. Monolithic Power Systems’s revenue was up 26.1% compared to the same quarter last year. As a group, research analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is 57.68%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Wells Fargo & Company lifted their target price on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Zacks Research cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Finally, Oppenheimer set a $1,700.00 price objective on Monolithic Power Systems in a research note on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,599.17.

About Monolithic Power Systems

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.