Monolithic Power Systems, Inc. $MPWR Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 88,206 shares of the semiconductor company’s stock after selling 3,651 shares during the period. Victory Capital Management Inc.’s holdings in Monolithic Power Systems were worth $81,206,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

MPWR has been the topic of a number of recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday. Rosenblatt Securities increased their target price on Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. KeyCorp boosted their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Weiss Ratings downgraded Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday. Finally, Wells Fargo & Company boosted their target price 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 analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. Based on data from 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 MPWR stock opened at $1,078.44 on Friday. The firm has a fifty day simple moving average of $1,085.55 and a 200-day simple moving average of $983.85. The company has a market capitalization of $52.97 billion, a PE ratio of 84.65, a price-to-earnings-growth 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 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.05. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The company had revenue of $751.16 million during the quarter, compared to the consensus estimate of $741.69 million. During the same period last year, the firm earned $4.09 earnings per share. The company’s revenue was up 20.8% on a year-over-year basis. Equities research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

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

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 21,725 shares of Monolithic Power Systems stock in a transaction on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $25,443,451.00. Following the completion of the transaction, the chief financial officer owned 82,353 shares of the company’s stock, valued at $96,448,539.48. The trade was a 20.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Victor K. Lee sold 1,000 shares of the stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $951.72, for a total transaction of $951,720.00. Following the sale, the director owned 28,567 shares in the company, valued at approximately $27,187,785.24. This trade represents a 3.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 98,550 shares of company stock worth $114,256,090. 3.40% of the stock is currently owned by insiders.

About Monolithic Power Systems

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.