Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lessened its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 55.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,179 shares of the semiconductor company’s stock after selling 96,571 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.19% of Monolithic Power Systems worth $8,674,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. ETRADE Capital Management LLC grew its holdings in shares of Monolithic Power Systems by 5.8% during the 3rd quarter. ETRADE Capital Management LLC now owns 7,854 shares of the semiconductor company’s stock worth $837,000 after acquiring an additional 430 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Monolithic Power Systems by 12.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 4,180 shares of the semiconductor company’s stock worth $445,000 after acquiring an additional 451 shares during the period. HL Financial Services LLC grew its holdings in shares of Monolithic Power Systems by 0.9% during the 4th quarter. HL Financial Services LLC now owns 54,447 shares of the semiconductor company’s stock worth $6,118,000 after acquiring an additional 508 shares during the period. Campbell Newman Asset Management Inc. grew its holdings in shares of Monolithic Power Systems by 22.8% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 2,965 shares of the semiconductor company’s stock worth $333,000 after acquiring an additional 551 shares during the period. Finally, Whittier Trust Co. grew its holdings in shares of Monolithic Power Systems by 1.4% during the 3rd quarter. Whittier Trust Co. now owns 41,262 shares of the semiconductor company’s stock worth $4,396,000 after acquiring an additional 584 shares during the period. Institutional investors own 91.12% of the company’s stock.

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A number of research analysts have weighed in on MPWR shares. BidaskClub upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Zacks Investment Research cut Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 27th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $129.25.

Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) opened at $124.72 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $88.19 and a 12-month high of $127.61. The company has a market capitalization of $5,190.69, a P/E ratio of 83.70, a PEG ratio of 2.59 and a beta of 1.25.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.02. Monolithic Power Systems had a return on equity of 16.51% and a net margin of 13.85%. The firm had revenue of $129.43 million for the quarter, compared to analysts’ expectations of $126.19 million. During the same period in the previous year, the firm posted $0.65 EPS. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. equities analysts anticipate that Monolithic Power Systems, Inc. will post 2.64 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $0.20. This represents a $1.20 annualized dividend and a yield of 0.96%. Monolithic Power Systems’s dividend payout ratio is 53.69%.

In related news, Director James C. Moyer sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $122.36, for a total value of $1,835,400.00. Following the transaction, the director now directly owns 705,225 shares of the company’s stock, valued at approximately $86,291,331. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Maurice Sciammas sold 1,693 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $114.66, for a total value of $194,119.38. Following the completion of the transaction, the vice president now directly owns 360,395 shares in the company, valued at $41,322,890.70. The disclosure for this sale can be found here. Insiders sold a total of 332,015 shares of company stock worth $37,414,054 over the last ninety days. 4.00% of the stock is currently owned by insiders.

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Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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