Monolithic Power Systems, Inc. $MPWR Shares Sold by TD Asset Management Inc

TD Asset Management Inc cut its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 16.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,628 shares of the semiconductor company’s stock after selling 15,158 shares during the quarter. TD Asset Management Inc owned approximately 0.16% of Monolithic Power Systems worth $68,706,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. True Wealth Design LLC boosted its position in Monolithic Power Systems by 61.1% during the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 11 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake in shares of Monolithic Power Systems by 2,700.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 27 shares during the period. NewSquare Capital LLC lifted its stake in shares of Monolithic Power Systems by 76.0% during the 2nd quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 19 shares during the period. Salomon & Ludwin LLC acquired a new stake in shares of Monolithic Power Systems during the third quarter worth $33,000. Finally, Armstrong Advisory Group Inc. grew its position in shares of Monolithic Power Systems by 192.9% in the third quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the subject of several analyst reports. Wells Fargo & Company upped their target price on Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Needham & Company LLC lifted their price target on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a report on Friday, February 6th. TD Cowen reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. Truist Financial increased their price objective on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, Stifel Nicolaus boosted their target price on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $1,218.42.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $1,180.13 on Friday. The firm has a market capitalization of $56.54 billion, a P/E ratio of 92.63, a P/E/G ratio of 3.12 and a beta of 1.45. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $1,256.22. The business’s 50-day simple moving average is $1,069.44 and its 200-day simple moving average is $974.39.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.05. The firm had revenue of $751.16 million during the quarter, compared to the consensus estimate of $741.69 million. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.09%. The company’s revenue was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.09 EPS. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is presently 48.98%.

Insiders Place Their Bets

In related news, CFO Theodore Blegen sold 21,725 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total value of $25,443,451.00. Following the completion of the transaction, the chief financial officer owned 82,353 shares of the company’s stock, valued at approximately $96,448,539.48. This represents a 20.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Saria Tseng sold 22,875 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the sale, the executive vice president owned 200,626 shares of the company’s stock, valued at approximately $234,965,146.16. This trade represents a 10.23% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 101,550 shares of company stock valued at $116,980,720. Insiders own 3.40% of the company’s stock.

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.