RFG Advisory LLC Trims Stock Position in Monolithic Power Systems, Inc. $MPWR

RFG Advisory LLC decreased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 39.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,436 shares of the semiconductor company’s stock after selling 938 shares during the period. RFG Advisory LLC’s holdings in Monolithic Power Systems were worth $1,570,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MPWR. Fifth Third Wealth Advisors LLC lifted its position in Monolithic Power Systems by 23.3% in the first quarter. Fifth Third Wealth Advisors LLC now owns 481 shares of the semiconductor company’s stock valued at $526,000 after acquiring an additional 91 shares during the last quarter. OP Asset Management Ltd purchased a new position in shares of Monolithic Power Systems during the first quarter worth about $18,504,000. Banque Cantonale Vaudoise grew its holdings in shares of Monolithic Power Systems by 24.9% during the first quarter. Banque Cantonale Vaudoise now owns 2,213 shares of the semiconductor company’s stock worth $2,420,000 after purchasing an additional 441 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Monolithic Power Systems by 5.7% during the first quarter. Assenagon Asset Management S.A. now owns 1,651 shares of the semiconductor company’s stock worth $1,805,000 after purchasing an additional 89 shares in the last quarter. Finally, CENTRAL TRUST Co increased its position in shares of Monolithic Power Systems by 1.4% during the first quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company’s stock worth $766,000 after purchasing an additional 10 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Saria Tseng sold 25,674 shares of the business’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $1,010.50, for a total transaction of $25,943,577.00. Following the sale, the executive vice president owned 174,982 shares of the company’s stock, valued at approximately $176,819,311. The trade was a 12.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Maurice Sciammas sold 12,000 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total transaction of $18,736,800.00. Following the transaction, the executive vice president owned 166,644 shares in the company, valued at $260,197,941.60. The trade was a 6.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 113,043 shares of company stock worth $160,843,106. Company insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $1,316.24 on Friday. The stock has a market capitalization of $64.67 billion, a P/E ratio of 94.90, a P/E/G ratio of 2.35 and a beta of 1.69. The company’s fifty day moving average is $1,553.78 and its two-hundred day moving average is $1,246.82. Monolithic Power Systems, Inc. has a 1 year low of $686.87 and a 1 year high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. During the same quarter in the previous year, the company earned $4.04 EPS. The firm’s revenue for the quarter was up 26.1% compared to the same quarter last year. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is 57.68%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MPWR. Raymond James Financial reissued an “outperform” rating and issued a $1,800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 1st. Truist Financial set a $1,805.00 price target on Monolithic Power Systems in a research report on Friday, May 1st. Rosenblatt Securities boosted their price objective on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Finally, TD Cowen raised their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,599.17.

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.