Silvant Capital Management LLC Cuts Position in Monolithic Power Systems, Inc. $MPWR

Silvant Capital Management LLC cut its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 8.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,892 shares of the semiconductor company’s stock after selling 1,124 shares during the period. Silvant Capital Management LLC’s holdings in Monolithic Power Systems were worth $10,948,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in 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 period. Empowered Funds LLC increased its position in shares of Monolithic Power Systems by 3.1% during the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after purchasing an additional 161 shares during the last quarter. Savant Capital LLC increased its position in shares of Monolithic Power Systems by 48.3% during the 2nd quarter. Savant Capital LLC now owns 2,094 shares of the semiconductor company’s stock valued at $1,532,000 after purchasing an additional 682 shares during the last quarter. Penserra Capital Management LLC raised its stake in shares of Monolithic Power Systems by 1.8% during the 2nd quarter. Penserra Capital Management LLC now owns 1,160 shares of the semiconductor company’s stock worth $847,000 after purchasing an additional 21 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Monolithic Power Systems during the 2nd quarter worth $1,505,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 22,875 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the sale, the executive vice president owned 235,932 shares in the company, valued at $276,314,121.12. This represents a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Theodore Blegen sold 21,725 shares of Monolithic Power Systems stock in a transaction on Friday, February 6th. The shares were 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 trade represents a 20.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 98,550 shares of company stock worth $114,256,090. Company insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MPWR shares. William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Rosenblatt Securities lifted their price objective on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Truist Financial boosted their target price 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. Oppenheimer reissued an “outperform” rating and set a $1,300.00 target price on shares of Monolithic Power Systems in a research report on Thursday, January 29th. Finally, Citigroup raised 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 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 company’s stock. According to data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and an average price target of $1,218.42.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $1,055.82 on Wednesday. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,256.22. The business has a 50-day moving average of $1,092.36 and a 200 day moving average of $990.35. The firm has a market cap of $51.86 billion, a P/E ratio of 82.87, a price-to-earnings-growth ratio of 2.69 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.05. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The firm had revenue of $751.16 million during the quarter, compared to the consensus estimate of $741.69 million. During the same quarter last year, the company earned $4.09 earnings per share. The company’s revenue was up 20.8% on a year-over-year basis. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $2.00 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 48.98%.

About Monolithic Power Systems

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.