Mitchell Capital Management Co. Sells 1,424 Shares of Monolithic Power Systems, Inc. $MPWR

Mitchell Capital Management Co. lessened its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 26.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,961 shares of the semiconductor company’s stock after selling 1,424 shares during the period. Mitchell Capital Management Co.’s holdings in Monolithic Power Systems were worth $5,476,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MPWR. Merit Financial Group LLC grew its holdings in Monolithic Power Systems by 183.9% during the 4th quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock worth $2,499,000 after acquiring an additional 1,786 shares during the last quarter. Fideuram Asset Management Ireland dac bought a new position in shares of Monolithic Power Systems during the fourth quarter valued at $3,983,000. Mirabaud Asset Management Ltd bought a new position in shares of Monolithic Power Systems during the fourth quarter valued at $4,424,000. B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Monolithic Power Systems by 45.9% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 2,448 shares of the semiconductor company’s stock worth $2,219,000 after purchasing an additional 770 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Monolithic Power Systems by 37.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,070 shares of the semiconductor company’s stock worth $81,636,000 after purchasing an additional 24,657 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MPWR has been the subject of a number of recent research reports. Raymond James Financial restated an “outperform” rating on shares of Monolithic Power Systems in a report on Wednesday. Weiss Ratings downgraded Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Wall Street Zen upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. KeyCorp increased their price target on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,705.82.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Saria Tseng sold 7,565 shares of Monolithic Power Systems stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the transaction, the executive vice president directly owned 144,218 shares in the company, valued at $245,170,600. This trade represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 50 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1,420.00, for a total transaction of $71,000.00. Following the sale, the director directly owned 565 shares of the company’s stock, valued at approximately $802,300. The trade was a 8.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,191 shares of company stock valued at $21,807,015 over the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $1,402.01 on Friday. The business’s 50 day simple moving average is $1,394.48 and its two-hundred day simple moving average is $1,338.74. The firm has a market cap of $68.90 billion, a P/E ratio of 85.96 and a beta of 1.69. Monolithic Power Systems, Inc. has a 52-week low of $800.97 and a 52-week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The firm had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. During the same quarter in the previous year, the company posted $4.21 earnings per share. The company’s quarterly revenue was up 47.6% on a year-over-year basis. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s payout ratio is 49.05%.

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.