Monolithic Power Systems, Inc. $MPWR Shares Sold by JT Stratford LLC

JT Stratford LLC lowered its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 41.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,063 shares of the semiconductor company’s stock after selling 751 shares during the period. JT Stratford LLC’s holdings in Monolithic Power Systems were worth $979,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. True Wealth Design LLC raised its position in shares of Monolithic Power Systems by 61.1% during the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 11 shares during the period. SJS Investment Consulting Inc. boosted its position in Monolithic Power Systems by 2,700.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 27 shares during the period. NewSquare Capital LLC grew its stake in Monolithic Power Systems by 76.0% during the 2nd quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after buying an additional 19 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in Monolithic Power Systems in the third quarter worth $33,000. Finally, Armstrong Advisory Group Inc. lifted its stake in Monolithic Power Systems by 192.9% in the third quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 27 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Deming Xiao sold 22,875 shares of Monolithic Power Systems stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the transaction, the executive vice president directly owned 235,932 shares of the company’s stock, valued at $276,314,121.12. The trade was a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurice Sciammas sold 22,875 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the completion of the sale, the executive vice president directly owned 178,625 shares of the company’s stock, valued at $209,198,455. The trade was a 11.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 98,550 shares of company stock valued at $114,256,090. Corporate insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

MPWR has been the subject of several recent research reports. Weiss Ratings lowered shares of Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday. Citigroup boosted their target price on shares of Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Needham & Company LLC raised their price target on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research note on Friday, February 6th. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday. Finally, Wells Fargo & Company increased their price objective on Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. 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, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average price target of $1,218.42.

Monolithic Power Systems Trading Down 1.9%

Shares of NASDAQ:MPWR opened at $1,078.44 on Friday. The company has a 50 day moving average of $1,085.55 and a 200-day moving average of $983.85. The firm has a market cap of $52.97 billion, a P/E ratio of 84.65, a P/E/G ratio of 2.78 and a beta of 1.45. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $1,256.22.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, topping the consensus estimate of $4.74 by $0.05. The firm had revenue of $751.16 million for the quarter, compared to analysts’ expectations of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.09 earnings per share. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date is Tuesday, March 31st. Monolithic Power Systems’s payout ratio is currently 48.98%.

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.