Wellington Management Group LLP Decreases Holdings in Monolithic Power Systems, Inc. $MPWR

Wellington Management Group LLP lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 71.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,001 shares of the semiconductor company’s stock after selling 178,510 shares during the period. Wellington Management Group LLP’s holdings in Monolithic Power Systems were worth $99,531,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of MPWR. Royal Fund Management LLC lifted its stake in Monolithic Power Systems by 2.7% in the 1st quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company’s stock valued at $289,000 after buying an additional 7 shares in the last quarter. Covestor Ltd raised its holdings in shares of Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 9 shares during the last quarter. Bell Investment Advisors Inc lifted its position in shares of Monolithic Power Systems by 23.7% in the first quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 9 shares in the last quarter. CENTRAL TRUST Co lifted its position in shares of Monolithic Power Systems by 1.4% in the first quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company’s stock valued at $766,000 after acquiring an additional 10 shares in the last quarter. Finally, KCM Investment Advisors LLC boosted its stake in shares of Monolithic Power Systems by 2.2% in the first quarter. KCM Investment Advisors LLC now owns 467 shares of the semiconductor company’s stock worth $511,000 after acquiring an additional 10 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the transaction, the executive vice president owned 1,119 shares of the company’s stock, valued at approximately $1,503,868.86. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Herbert Chang sold 50 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the completion of the sale, the director owned 515 shares of the company’s stock, valued at $660,008.55. This trade represents a 8.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 160 shares of company stock valued at $215,945. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Raymond James Financial reissued an “outperform” rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. KeyCorp increased their target price on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Wall Street Zen raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. Finally, Truist Financial upped their price objective on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research note on Friday, July 31st. One research 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,731.42.

Monolithic Power Systems Stock Performance

MPWR opened at $1,225.96 on Wednesday. The stock has a market capitalization of $60.25 billion, a PE ratio of 75.17 and a beta of 1.69. Monolithic Power Systems, Inc. has a one year low of $800.97 and a one year high of $1,714.09. The business’s 50 day moving average price is $1,338.70 and its 200 day moving average price is $1,352.34.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating analysts’ consensus estimates of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The company had revenue of $980.64 million for the quarter, compared to the consensus estimate of $903.30 million. During the same quarter in the previous year, the business earned $4.21 earnings per share. The company’s revenue for the quarter was up 47.6% on a year-over-year basis. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $2.00 per share. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.7%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 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.