Candriam S.C.A. Sells 25,503 Shares of Monolithic Power Systems, Inc. $MPWR

Candriam S.C.A. lessened its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 27.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 68,944 shares of the semiconductor company’s stock after selling 25,503 shares during the quarter. Candriam S.C.A.’s holdings in Monolithic Power Systems were worth $75,380,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. AIA Group Ltd bought a new stake in shares of Monolithic Power Systems in the 3rd quarter valued at about $1,459,000. Merit Financial Group LLC grew its position in Monolithic Power Systems by 183.9% during the 4th quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock worth $2,499,000 after acquiring an additional 1,786 shares during the last quarter. Fideuram Asset Management Ireland dac purchased a new position in Monolithic Power Systems in the 4th quarter worth approximately $3,983,000. Mirabaud Asset Management Ltd bought a new stake in Monolithic Power Systems in the fourth quarter valued at approximately $4,424,000. Finally, Harvest Fund Management Co. Ltd lifted its position in Monolithic Power Systems by 12.7% in the third quarter. Harvest Fund Management Co. Ltd now owns 8,946 shares of the semiconductor company’s stock valued at $8,222,000 after purchasing an additional 1,008 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $1,352.74 on Friday. The firm has a market cap of $66.46 billion, a P/E ratio of 97.53, a P/E/G ratio of 2.46 and a beta of 1.71. Monolithic Power Systems, Inc. has a fifty-two week low of $686.87 and a fifty-two week high of $1,714.09. The business’s 50 day moving average price is $1,514.02 and its 200-day moving average price is $1,272.93.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, beating analysts’ consensus estimates of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The company had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. During the same quarter in the prior year, the company earned $4.04 earnings per share. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Monolithic Power Systems Dividend Announcement

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

Insider Activity

In other Monolithic Power Systems news, EVP Saria Tseng sold 7,565 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the completion of the sale, the executive vice president directly owned 144,218 shares in the company, valued at $245,170,600. This trade represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeff Zhou sold 486 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total value of $816,480.00. Following the sale, the director directly owned 3,800 shares in the company, valued at approximately $6,384,000. The trade was a 11.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 69,370 shares of company stock worth $112,702,503. 3.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MPWR shares. Oppenheimer set a $1,700.00 target price on shares of Monolithic Power Systems in a report on Friday, May 1st. Wells Fargo & Company upped their price target on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Citigroup reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, May 1st. Needham & Company LLC raised their price target on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,599.17.

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.