Pacer Advisors Inc. Sells 11,847 Shares of Monolithic Power Systems, Inc. $MPWR

Pacer Advisors Inc. cut its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 23.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,807 shares of the semiconductor company’s stock after selling 11,847 shares during the quarter. Pacer Advisors Inc.’s holdings in Monolithic Power Systems were worth $42,430,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MPWR. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Monolithic Power Systems during the 4th quarter valued at about $34,000. IFP Advisors Inc grew its holdings in Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares during the period. Covestor Ltd grew its holdings in Monolithic Power Systems by 29.0% in the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 9 shares during the period. Greenline Wealth Management LLC bought a new position in shares of Monolithic Power Systems during the fourth quarter valued at approximately $38,000. Finally, Sunbelt Securities Inc. increased its stake in shares of Monolithic Power Systems by 233.3% during the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 28 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction on Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total value of $18,736,800.00. Following the completion of the sale, the executive vice president owned 166,644 shares of the company’s stock, valued at approximately $260,197,941.60. This trade represents a 6.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deming Xiao sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the completion of the transaction, the executive vice president owned 205,959 shares of the company’s stock, valued at $340,769,463.45. This represents a 12.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 67,946 shares of company stock worth $110,443,715 in the last three months. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MPWR. Rosenblatt Securities reissued a “neutral” rating and issued a $1,575.00 price target on shares of Monolithic Power Systems in a research report on Friday. Raymond James Financial reaffirmed an “outperform” rating and set a $1,800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 1st. Truist Financial raised their price objective on Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research report on Friday. Needham & Company LLC lifted their price objective on Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a “buy” rating in a research note on Friday. Finally, Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,705.82.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $1,344.37 on Tuesday. The stock has a market capitalization of $66.05 billion, a PE ratio of 82.43 and a beta of 1.69. Monolithic Power Systems, Inc. has a 52-week low of $774.14 and a 52-week high of $1,714.09. The company has a 50-day simple moving average of $1,435.67 and a two-hundred day simple moving average of $1,319.26.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (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 for the quarter, compared to the consensus estimate of $903.30 million. During the same quarter in the prior year, the firm posted $4.21 earnings per share. The business’s revenue was up 47.6% on a year-over-year basis. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 20.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s payout ratio is presently 49.05%.

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.