Monolithic Power Systems, Inc. $MPWR Shares Sold by NFJ Investment Group LLC

NFJ Investment Group LLC lessened its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 45.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,375 shares of the semiconductor company’s stock after selling 3,598 shares during the period. NFJ Investment Group LLC’s holdings in Monolithic Power Systems were worth $3,965,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MPWR. Brighton Jones LLC boosted its holdings in shares of Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after acquiring an additional 200 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Monolithic Power Systems by 3.1% in the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after acquiring an additional 161 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Monolithic Power Systems by 3.5% in the second quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock valued at $6,863,000 after acquiring an additional 314 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Monolithic Power Systems by 35.2% in the second quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock valued at $26,175,000 after acquiring an additional 9,315 shares in the last quarter. Finally, Globeflex Capital L P bought a new position in shares of Monolithic Power Systems in the second quarter valued at approximately $347,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Price Performance

Shares of MPWR opened at $1,577.32 on Monday. The firm’s 50 day moving average is $1,510.26 and its 200-day moving average is $1,210.29. The stock has a market capitalization of $77.49 billion, a P/E ratio of 113.72, a P/E/G ratio of 2.82 and a beta of 1.69. Monolithic Power Systems, Inc. has a 12-month low of $150.68 and a 12-month 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 (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.20. The company had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business’s revenue was up 26.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.04 EPS. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is 57.68%.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $1,561.40, for a total transaction of $18,736,800.00. Following the sale, 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eugen J. Elmiger sold 12,000 shares of Monolithic Power Systems 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 owned 5,402 shares in the company, valued at approximately $8,561,953.92. The trade was a 68.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 113,073 shares of company stock valued at $160,875,958 over the last 90 days. 3.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MPWR shares. Oppenheimer set a $1,700.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 1st. Needham & Company LLC increased their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a report on Friday, May 1st. TD Cowen lifted their price objective on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Rosenblatt Securities lifted their price objective on shares of 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, Stifel Nicolaus lifted their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.