Greenup Street Wealth Management LLC Cuts Stock Position in Monolithic Power Systems, Inc. $MPWR

Greenup Street Wealth Management LLC lessened its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 24.4% in the first quarter, Holdings Channel reports. The firm owned 3,605 shares of the semiconductor company’s stock after selling 1,164 shares during the period. Greenup Street Wealth Management LLC’s holdings in Monolithic Power Systems were worth $3,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Monolithic Power Systems in the 4th quarter worth about $34,000. IFP Advisors Inc grew its position in Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares during the period. Covestor Ltd increased its holdings in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after buying an additional 9 shares during the last quarter. Greenline Wealth Management LLC purchased a new stake in Monolithic Power Systems during the fourth quarter worth about $38,000. Finally, Torren Management LLC bought a new stake in Monolithic Power Systems in the fourth quarter worth about $49,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $1,430.71 on Thursday. Monolithic Power Systems, Inc. has a 52-week low of $686.87 and a 52-week high of $1,714.09. The stock’s 50-day simple moving average is $1,553.02 and its 200 day simple moving average is $1,242.98. The stock has a market capitalization of $70.29 billion, a P/E ratio of 103.15, a P/E/G ratio of 2.55 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.90 by $0.20. The business had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The company’s revenue was up 26.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.04 earnings per share. Equities research analysts forecast that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is presently 57.68%.

Insider Activity at Monolithic Power Systems

In related news, EVP Deming Xiao sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the completion of the transaction, the executive vice president directly owned 205,959 shares of the company’s stock, valued at approximately $340,769,463.45. This trade represents a 12.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Saria Tseng sold 7,565 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the completion of the transaction, the executive vice president owned 144,218 shares of the company’s stock, valued at $245,170,600. This represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 113,043 shares of company stock worth $160,843,106 in the last ninety days. Insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on MPWR shares. Needham & Company LLC boosted their target price on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Wells Fargo & Company raised their price target on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,800.00 price target on shares of Monolithic Power Systems in a report on Friday, May 1st. Rosenblatt Securities lifted their price target on shares of Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, Oppenheimer set a $1,700.00 price objective on Monolithic Power Systems in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,599.17.

Monolithic Power Systems Company 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.