Victory Capital Management Inc. Reduces Holdings in Monolithic Power Systems, Inc. $MPWR

Victory Capital Management Inc. reduced its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 4.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 88,206 shares of the semiconductor company’s stock after selling 3,651 shares during the period. Victory Capital Management Inc. owned 0.18% of Monolithic Power Systems worth $81,206,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Monolithic Power Systems by 46.0% during the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after acquiring an additional 200 shares during the last quarter. Empowered Funds LLC grew its position in Monolithic Power Systems by 3.1% during the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after purchasing an additional 161 shares during the last quarter. Bank of Montreal Can increased its stake in Monolithic Power Systems by 8.2% in the second quarter. Bank of Montreal Can now owns 51,189 shares of the semiconductor company’s stock valued at $37,439,000 after purchasing an additional 3,863 shares during the period. NewSquare Capital LLC raised its holdings in shares of Monolithic Power Systems by 76.0% in the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 19 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in shares of Monolithic Power Systems by 17.4% during the second quarter. First Horizon Advisors Inc. now owns 256 shares of the semiconductor company’s stock worth $188,000 after buying an additional 38 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In related news, EVP Deming Xiao sold 22,875 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was 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 235,932 shares of the company’s stock, valued at approximately $276,314,121.12. This represents a 8.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maurice Sciammas sold 200 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $1,179.97, for a total value of $235,994.00. Following the transaction, the executive vice president directly owned 1,299 shares of the company’s stock, valued at $1,532,781.03. The trade was a 13.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 98,550 shares of company stock valued at $114,256,090. 3.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Wells Fargo & Company upped their price objective 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. Stifel Nicolaus lifted their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Truist Financial boosted their price objective on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Weiss Ratings cut shares of Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday. Finally, Citigroup boosted their price target on shares of Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,218.42.

Monolithic Power Systems Price Performance

MPWR opened at $1,078.44 on Friday. Monolithic Power Systems, Inc. has a 1-year low of $438.86 and a 1-year high of $1,256.22. The stock has a market cap of $52.97 billion, a P/E ratio of 84.65, a P/E/G ratio of 2.78 and a beta of 1.45. The stock’s 50 day simple moving average is $1,085.55 and its 200 day simple moving average is $983.85.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.05. The company had revenue of $751.16 million for the quarter, compared to the consensus estimate of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.Monolithic Power Systems’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the business earned $4.09 earnings per share. 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. Shareholders of record on Tuesday, March 31st will be given a dividend of $2.00 per share. The ex-dividend date is Tuesday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 48.98%.

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.