Private Advisor Group LLC Cuts Stock Position in Monolithic Power Systems, Inc. $MPWR

Private Advisor Group LLC decreased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 11.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,077 shares of the semiconductor company’s stock after selling 530 shares during the quarter. Private Advisor Group LLC’s holdings in Monolithic Power Systems were worth $4,458,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Y Intercept Hong Kong Ltd purchased a new stake in Monolithic Power Systems during the 1st quarter valued at about $5,061,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Monolithic Power Systems by 63.4% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 21,498 shares of the semiconductor company’s stock worth $23,505,000 after buying an additional 8,340 shares during the last quarter. Elevation Point Wealth Partners LLC lifted its stake in shares of Monolithic Power Systems by 154.8% in the first quarter. Elevation Point Wealth Partners LLC now owns 642 shares of the semiconductor company’s stock worth $703,000 after buying an additional 390 shares in the last quarter. USS Investment Management Ltd lifted its stake in shares of Monolithic Power Systems by 3.8% in the first quarter. USS Investment Management Ltd now owns 9,997 shares of the semiconductor company’s stock worth $10,927,000 after buying an additional 368 shares in the last quarter. Finally, IFM Investors Pty Ltd purchased a new stake in shares of Monolithic Power Systems during the first quarter valued at approximately $10,462,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, Director Eugen J. Elmiger sold 12,000 shares of the 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 value of $19,019,520.00. Following the transaction, the director directly owned 5,402 shares in the company, valued at approximately $8,561,953.92. This trade represents a 68.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1,351.61, for a total transaction of $40,548.30. Following the transaction, the executive vice president owned 1,149 shares in the company, valued at $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. Insiders sold 69,370 shares of company stock valued at $112,702,503 in the last quarter. Insiders own 3.60% of the company’s stock.

Monolithic Power Systems Price Performance

MPWR stock opened at $1,272.81 on Wednesday. Monolithic Power Systems, Inc. has a 1 year low of $686.87 and a 1 year high of $1,714.09. The company has a market cap of $62.53 billion, a P/E ratio of 91.77, a price-to-earnings-growth ratio of 2.41 and a beta of 1.71. The stock’s fifty day moving average price is $1,525.55 and its 200-day moving average price is $1,266.57.

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, 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 the consensus estimate of $781.93 million. During the same quarter in the prior year, the company earned $4.04 earnings per share. Monolithic Power Systems’s revenue was up 26.1% on a year-over-year basis. As a group, analysts expect that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Oppenheimer set a $1,700.00 price target on shares of Monolithic Power Systems in a research report on Friday, May 1st. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Truist Financial set a $1,805.00 target price on Monolithic Power Systems in a report on Friday, May 1st. TD Cowen boosted their price target on 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. Finally, Needham & Company LLC increased 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,599.17.

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.