Monolithic Power Systems, Inc. $MPWR Position Cut by Pitcairn Co.

Pitcairn Co. lowered its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 28.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,306 shares of the semiconductor company’s stock after selling 528 shares during the period. Pitcairn Co.’s holdings in Monolithic Power Systems were worth $955,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in Monolithic Power Systems during the 2nd quarter valued at about $438,014,000. Price T Rowe Associates Inc. MD grew its holdings in Monolithic Power Systems by 33.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,034,731 shares of the semiconductor company’s stock worth $1,180,104,000 after buying an additional 506,430 shares in the last quarter. JPMorgan Chase & Co. increased its position in Monolithic Power Systems by 36.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock valued at $626,592,000 after acquiring an additional 227,159 shares during the period. Rafferty Asset Management LLC increased its position in Monolithic Power Systems by 36.1% in the 2nd quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock valued at $386,991,000 after acquiring an additional 140,269 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in Monolithic Power Systems by 87.9% during the 1st quarter. BNP Paribas Financial Markets now owns 284,097 shares of the semiconductor company’s stock valued at $164,771,000 after acquiring an additional 132,880 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 0.3%

NASDAQ MPWR opened at $949.40 on Tuesday. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $1,123.38. The company has a market cap of $45.48 billion, a PE ratio of 24.24, a PEG ratio of 3.20 and a beta of 1.47. The stock’s 50-day moving average price is $970.01 and its two-hundred day moving average price is $853.17.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.62 by $0.11. The company had revenue of $737.18 million during the quarter, compared to analyst estimates of $720.66 million. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.The company’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.06 earnings per share. Research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $1.56 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $6.24 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems’s payout ratio is presently 15.93%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MPWR shares. Wolfe Research set a $1,200.00 price target on Monolithic Power Systems and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. TD Cowen increased their target price on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Weiss Ratings restated a “hold (c+)” rating on shares of Monolithic Power Systems in a research report on Wednesday, October 8th. Rosenblatt Securities upped their price target on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Finally, Citigroup raised their price objective on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,047.27.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 3,976 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $895.23, for a total value of $3,559,434.48. Following the completion of the sale, the executive vice president directly owned 144,330 shares of the company’s stock, valued at $129,208,545.90. The trade was a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $896.97, for a total transaction of $89,697.00. Following the completion of the sale, the director owned 426 shares of the company’s stock, valued at $382,109.22. This represents a 19.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 102,426 shares of company stock worth $94,860,304. 3.40% of the stock is owned by corporate insiders.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.