SG Americas Securities LLC Lowers Holdings in Monolithic Power Systems, Inc. $MPWR

SG Americas Securities LLC decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 30.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,766 shares of the semiconductor company’s stock after selling 80,465 shares during the period. SG Americas Securities LLC’s holdings in Monolithic Power Systems were worth $198,734,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. State Street Corp increased its stake in Monolithic Power Systems by 2.1% during the 4th quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company’s stock valued at $1,979,610,000 after purchasing an additional 45,715 shares in the last quarter. Corient Private Wealth LLC lifted its stake in shares of Monolithic Power Systems by 3,719.6% in the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock worth $1,855,476,000 after buying an additional 1,993,576 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Monolithic Power Systems by 7.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company’s stock worth $1,533,013,000 after buying an additional 117,596 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Monolithic Power Systems by 25.9% during the fourth quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock valued at $1,300,345,000 after buying an additional 295,556 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Monolithic Power Systems by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 1,382,280 shares of the semiconductor company’s stock valued at $1,248,436,000 after acquiring an additional 44,583 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Saria Tseng sold 25,674 shares of the firm’s stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $1,010.50, for a total value of $25,943,577.00. Following the transaction, the executive vice president owned 174,982 shares of the company’s stock, valued at approximately $176,819,311. This trade represents a 12.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Eugen J. Elmiger sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the sale, the director owned 5,402 shares of the company’s stock, valued at $8,561,953.92. This trade represents a 68.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 113,043 shares of company stock valued at $160,843,106 in the last 90 days. 3.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Needham & Company LLC upped their price objective on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Wells Fargo & Company boosted their price target on Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Stifel Nicolaus upped their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday, April 16th. KeyCorp increased 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. Finally, William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,599.17.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $1,563.70 on Monday. Monolithic Power Systems, Inc. has a one year low of $671.18 and a one year high of $1,714.09. The stock has a fifty day moving average of $1,546.37 and a 200 day moving average of $1,232.21. The stock has a market cap of $76.82 billion, a PE ratio of 112.74, a price-to-earnings-growth ratio of 2.80 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results 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 business had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The business’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same period last year, the firm posted $4.04 earnings per share. As a group, sell-side analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

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

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.