Taylor Frigon Capital Management LLC Lowers Stock Position in Monolithic Power Systems, Inc. $MPWR

Taylor Frigon Capital Management LLC lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 14.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,142 shares of the semiconductor company’s stock after selling 678 shares during the period. Monolithic Power Systems comprises about 1.9% of Taylor Frigon Capital Management LLC’s investment portfolio, making the stock its 5th biggest holding. Taylor Frigon Capital Management LLC’s holdings in Monolithic Power Systems were worth $3,813,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Monolithic Power Systems by 0.3% in the second quarter. Vanguard Group Inc. now owns 5,939,946 shares of the semiconductor company’s stock worth $4,344,358,000 after purchasing an additional 19,277 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Monolithic Power Systems by 36.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock worth $626,592,000 after purchasing an additional 227,159 shares during the period. Bank of America Corp DE boosted its holdings in shares of Monolithic Power Systems by 18.0% in the second quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock worth $506,661,000 after buying an additional 105,721 shares during the last quarter. Norges Bank purchased a new position in shares of Monolithic Power Systems in the second quarter worth approximately $438,014,000. Finally, Rafferty Asset Management LLC grew its position in Monolithic Power Systems by 36.1% during the second quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock valued at $386,991,000 after buying an additional 140,269 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Saria Tseng sold 20,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $926.47, for a total transaction of $18,529,400.00. Following the completion of the transaction, the executive vice president directly owned 187,331 shares of the company’s stock, valued at approximately $173,556,551.57. This trade represents a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Maurice Sciammas sold 27,966 shares of Monolithic Power Systems stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $881.66, for a total transaction of $24,656,503.56. Following the completion of the sale, the executive vice president owned 148,306 shares in the company, valued at approximately $130,755,467.96. This represents a 15.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 84,516 shares of company stock valued at $78,543,695. 3.40% of the stock is owned by company insiders.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $936.31 on Friday. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,123.38. The company has a market capitalization of $44.86 billion, a P/E ratio of 23.91, a P/E/G ratio of 2.57 and a beta of 1.47. The company has a fifty day moving average of $951.36 and a 200 day moving average of $874.27.

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, beating the consensus estimate of $4.62 by $0.11. The business had revenue of $737.18 million for the quarter, compared to the consensus estimate of $720.66 million. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.The business’s revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the business earned $4.06 earnings per share. Analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $1.56 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $6.24 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems’s payout ratio is currently 15.93%.

Analyst Ratings Changes

Several research analysts have weighed in on MPWR shares. Cowen reiterated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of Monolithic Power Systems in a research note on Friday, December 26th. KeyCorp lifted their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Truist Financial boosted their price target on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the company a “buy” rating in a report on Friday, December 19th. Finally, Wells Fargo & Company raised their price objective on Monolithic Power Systems from $750.00 to $970.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average price target of $1,074.58.

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.