Wasatch Advisors LP Cuts Position in Monolithic Power Systems, Inc. $MPWR
by Kim Johansen · The Markets DailyWasatch Advisors LP decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 58.0% during the 2nd quarter, Holdings Channel reports. The fund owned 1,236 shares of the semiconductor company’s stock after selling 1,706 shares during the quarter. Wasatch Advisors LP’s holdings in Monolithic Power Systems were worth $1,709,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its holdings in Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 24 shares in the last quarter. Covestor Ltd raised its holdings in shares of Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 9 shares in the last quarter. Greenline Wealth Management LLC acquired a new stake in shares of Monolithic Power Systems in the 4th quarter valued at $38,000. Sunbelt Securities Inc. lifted its position in shares of Monolithic Power Systems by 233.3% during the 1st quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 28 shares during the last quarter. Finally, Essential Partners LLC lifted its position in shares of Monolithic Power Systems by 30.3% during the 1st quarter. Essential Partners LLC now owns 43 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Monolithic Power Systems Trading Up 1.6%
Shares of NASDAQ:MPWR opened at $1,425.01 on Thursday. The firm has a 50 day simple moving average of $1,401.86 and a 200-day simple moving average of $1,336.19. Monolithic Power Systems, Inc. has a twelve month low of $800.97 and a twelve month high of $1,714.09. The company has a market capitalization of $70.02 billion, a PE ratio of 87.37 and a beta of 1.69.
Monolithic Power Systems (NASDAQ:MPWR – Get Free Report) 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 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 period last year, the firm posted $4.21 EPS. The company’s revenue was up 47.6% on a year-over-year basis. As a group, equities research analysts predict that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.
Monolithic Power Systems Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is currently 49.05%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the stock. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Weiss Ratings downgraded Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Stifel Nicolaus upped their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Monolithic Power Systems in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,705.82.
Read Our Latest Stock Report on MPWR
Insiders Place Their Bets
In other news, EVP Maurice Sciammas sold 12,000 shares of the business’s stock in a transaction dated 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 directly owned 166,644 shares of the company’s stock, valued at approximately $260,197,941.60. The trade was 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, Director Jeff Zhou sold 486 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total value of $816,480.00. Following the completion of the sale, the director directly owned 3,800 shares of the company’s stock, valued at approximately $6,384,000. This trade represents a 11.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 25,141 shares of company stock valued at $40,472,815. 3.60% of the stock is currently owned by insiders.
Monolithic Power Systems Company 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.
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