Silvant Capital Management LLC Sells 1,124 Shares of Monolithic Power Systems, Inc. $MPWR

Silvant Capital Management LLC lowered its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 8.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 11,892 shares of the semiconductor company’s stock after selling 1,124 shares during the period. Silvant Capital Management LLC’s holdings in Monolithic Power Systems were worth $10,948,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. True Wealth Design LLC boosted its holdings in Monolithic Power Systems by 61.1% in the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 11 shares during the period. SJS Investment Consulting Inc. increased its holdings in shares of Monolithic Power Systems by 2,700.0% in the third quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 27 shares during the period. Salomon & Ludwin LLC bought a new position in shares of Monolithic Power Systems in the third quarter worth $33,000. Armstrong Advisory Group Inc. raised 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 buying an additional 27 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its position in shares of Monolithic Power Systems by 542.9% in the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock worth $41,000 after buying an additional 38 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 0.6%

Shares of MPWR stock opened at $1,055.82 on Wednesday. The business has a 50-day moving average price of $1,092.36 and a two-hundred day moving average price of $990.35. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,256.22. The firm has a market cap of $51.86 billion, a P/E ratio of 82.87, a price-to-earnings-growth ratio of 2.69 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, beating the consensus estimate of $4.74 by $0.05. The firm had revenue of $751.16 million for the quarter, compared to analyst estimates of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The company’s revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the company earned $4.09 EPS. As a group, research analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $2.00 dividend. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 31st. Monolithic Power Systems’s payout ratio is currently 48.98%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 22,875 shares of Monolithic Power Systems stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 178,625 shares of the company’s stock, valued at approximately $209,198,455. This trade represents a 11.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Saria Tseng sold 22,875 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president owned 200,626 shares of the company’s stock, valued at approximately $234,965,146.16. The trade was a 10.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 98,550 shares of company stock valued at $114,256,090. 3.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on MPWR. Oppenheimer restated an “outperform” rating and set a $1,300.00 target price on shares of Monolithic Power Systems in a research report on Thursday, January 29th. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. Stifel Nicolaus lifted their price target on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Rosenblatt Securities boosted their price objective on Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Finally, KeyCorp boosted their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,218.42.

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.