Sei Investments Co. Has $169.79 Million Position in Monolithic Power Systems, Inc. $MPWR

Sei Investments Co. lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 6.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 155,291 shares of the semiconductor company’s stock after selling 11,402 shares during the period. Sei Investments Co.’s holdings in Monolithic Power Systems were worth $169,787,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC increased 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 in the last quarter. Empowered Funds LLC lifted its position in Monolithic Power Systems by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock valued at $3,088,000 after acquiring an additional 161 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Monolithic Power Systems by 3.5% in the 2nd quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock worth $6,863,000 after purchasing an additional 314 shares during the period. Treasurer of the State of North Carolina boosted its stake in Monolithic Power Systems by 35.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock worth $26,175,000 after purchasing an additional 9,315 shares during the period. Finally, Globeflex Capital L P bought a new position in Monolithic Power Systems during the 2nd quarter worth about $347,000. 93.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on MPWR. Stifel Nicolaus lifted their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Needham & Company LLC upped their price objective on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Truist Financial set a $1,805.00 price objective on Monolithic Power Systems in a report on Friday, May 1st. TD Cowen lifted their target price on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Rosenblatt Securities boosted their target price on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and an average price target of $1,657.27.

Monolithic Power Systems Stock Performance

Shares of NASDAQ MPWR opened at $1,398.45 on Thursday. The stock has a 50 day moving average price of $1,470.13 and a 200 day moving average price of $1,298.38. Monolithic Power Systems, Inc. has a 52 week low of $702.56 and a 52 week high of $1,714.09. The stock has a market capitalization of $68.71 billion, a PE ratio of 100.83, a price-to-earnings-growth ratio of 2.46 and a beta of 1.71.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share 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 firm had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. During the same period last year, the company earned $4.04 earnings per share. The business’s revenue was up 26.1% compared to the same quarter last year. As a group, research analysts forecast that Monolithic Power Systems, Inc. will post 20.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

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

Insider Activity

In other news, EVP Saria Tseng sold 7,565 shares of Monolithic Power Systems 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 transaction, the executive vice president owned 144,218 shares of the company’s stock, valued at $245,170,600. This trade represents a 4.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Eugen J. Elmiger sold 12,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the transaction, the director owned 5,402 shares in the company, valued at $8,561,953.92. This represents a 68.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 69,370 shares of company stock valued at $112,702,503. 3.60% of the stock is owned by corporate insiders.

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.