Monolithic Power Systems, Inc. $MPWR Shares Sold by TD Asset Management Inc

TD Asset Management Inc lessened its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 16.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,628 shares of the semiconductor company’s stock after selling 15,158 shares during the quarter. TD Asset Management Inc’s holdings in Monolithic Power Systems were worth $68,706,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. SJS Investment Consulting Inc. lifted its position in shares of 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 grew 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 valued at $26,000 after buying an additional 11 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in Monolithic Power Systems during the third quarter worth about $33,000. Armstrong Advisory Group Inc. raised its stake in Monolithic Power Systems by 192.9% during 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 period. Finally, NewSquare Capital LLC lifted 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 worth $32,000 after acquiring an additional 19 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR stock opened at $1,180.13 on Friday. 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 capitalization of $56.54 billion, a price-to-earnings ratio of 92.63, a price-to-earnings-growth ratio of 3.12 and a beta of 1.45. The business has a 50 day simple moving average of $1,069.44 and a 200 day simple moving average of $974.39.

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 18.09% and a net margin of 22.07%.The firm had revenue of $751.16 million for the quarter, compared to the consensus estimate of $741.69 million. During the same quarter in the previous year, the business earned $4.09 EPS. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis. On average, equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. 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 0.7%. Monolithic Power Systems’s dividend payout ratio is currently 48.98%.

Analysts Set New Price Targets

Several equities analysts have recently commented on MPWR shares. Truist Financial upped their target price on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a report on Friday, February 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Monolithic Power Systems in a report on Friday, December 26th. Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. TD Cowen reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, October 31st. Finally, Citigroup raised their target price on 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. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $1,218.42.

Insider Transactions at Monolithic Power Systems

In other news, EVP Saria Tseng sold 22,875 shares of the company’s 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 value of $26,790,285.00. Following the completion of the sale, the executive vice president directly owned 200,626 shares of the company’s stock, valued at approximately $234,965,146.16. This represents a 10.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Deming Xiao sold 22,875 shares of the 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 completion of the transaction, the executive vice president owned 235,932 shares of the company’s stock, valued at $276,314,121.12. This trade represents a 8.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 101,550 shares of company stock worth $116,980,720 over the last ninety days. Insiders own 3.40% of the company’s stock.

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.