Sanctuary Advisors LLC Decreases Holdings in Monolithic Power Systems, Inc. $MPWR

Sanctuary Advisors LLC trimmed its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 16,406 shares of the semiconductor company’s stock after selling 658 shares during the quarter. Sanctuary Advisors LLC’s holdings in Monolithic Power Systems were worth $17,938,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MPWR. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Monolithic Power Systems in the 4th quarter worth $34,000. IFP Advisors Inc lifted its stake in Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares during the last quarter. Covestor Ltd boosted its position in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 9 shares during the period. Greenline Wealth Management LLC purchased a new stake in Monolithic Power Systems during the fourth quarter valued at about $38,000. Finally, Torren Management LLC bought a new position in shares of Monolithic Power Systems during the fourth quarter valued at about $49,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Trading Down 1.7%

Shares of NASDAQ:MPWR opened at $1,352.66 on Thursday. The company has a market cap of $66.46 billion, a price-to-earnings ratio of 97.52, a price-to-earnings-growth ratio of 2.46 and a beta of 1.71. The company has a 50-day moving average price of $1,497.32 and a 200-day moving average price of $1,283.48. Monolithic Power Systems, Inc. has a 12 month low of $686.87 and a 12 month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The company had revenue of $804.19 million during the quarter, compared to analyst estimates of $781.93 million. During the same period in the prior year, the business posted $4.04 earnings per share. Monolithic Power Systems’s revenue for the quarter was up 26.1% on a year-over-year basis. As a group, research analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $2.00 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 annualized dividend and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is 57.68%.

Insider Transactions at Monolithic Power Systems

In other news, Director Eugen J. Elmiger sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the transaction, the director directly owned 5,402 shares of the company’s stock, valued at approximately $8,561,953.92. The trade was a 68.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1,351.61, for a total value of $40,548.30. Following the transaction, the executive vice president owned 1,149 shares of the company’s stock, valued at approximately $1,552,999.89. This represents a 2.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 69,370 shares of company stock worth $112,702,503. Corporate insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MPWR. Truist Financial set a $1,805.00 price objective on Monolithic Power Systems in a report on Friday, May 1st. Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. Needham & Company LLC raised their price target on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Rosenblatt Securities lifted their price target on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, KeyCorp boosted their price objective on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. One research 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,599.17.

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.