Triasima Portfolio Management inc. Sells 1,415 Shares of Monolithic Power Systems, Inc. $MPWR

Triasima Portfolio Management inc. lessened its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 38.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,292 shares of the semiconductor company’s stock after selling 1,415 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Monolithic Power Systems were worth $3,088,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Brindle & Bay Financial Advisors LLC bought a new position in shares of Monolithic Power Systems in the third quarter valued at approximately $235,000. Ninety One UK Ltd acquired a new position in shares of Monolithic Power Systems during the third quarter valued at approximately $265,000. Nvwm LLC increased its stake in shares of Monolithic Power Systems by 1.9% during the third quarter. Nvwm LLC now owns 1,314 shares of the semiconductor company’s stock valued at $1,770,000 after acquiring an additional 25 shares during the period. Mather Group LLC. increased its stake in shares of Monolithic Power Systems by 2.0% during the third quarter. Mather Group LLC. now owns 1,024 shares of the semiconductor company’s stock valued at $1,380,000 after acquiring an additional 20 shares during the period. Finally, First Pacific Financial raised its holdings in Monolithic Power Systems by 416.7% during the third quarter. First Pacific Financial now owns 62 shares of the semiconductor company’s stock worth $84,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Trading Up 0.5%

Shares of NASDAQ MPWR opened at $1,249.20 on Friday. Monolithic Power Systems, Inc. has a twelve month low of $833.18 and a twelve month high of $1,714.09. The company has a market capitalization of $61.39 billion, a price-to-earnings ratio of 74.44 and a beta of 1.68. The firm has a 50-day moving average of $1,307.75 and a two-hundred day moving average of $1,392.50.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, beating the consensus estimate of $5.87 by $0.63. The company had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The business’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same quarter last year, the firm posted $4.21 EPS. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 23.80 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $8.00 annualized dividend and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is currently 49.05%.

Analyst Ratings Changes

A number of research firms have weighed in on MPWR. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Zacks Research lowered Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Raymond James Financial reiterated an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. Wall Street Zen upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a research report on Saturday, October 3rd. Finally, KeyCorp boosted their price objective on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,735.50.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the transaction, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the completion of the transaction, the director directly owned 515 shares in the company, valued at $660,008.55. This represents a 8.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 130 shares of company stock valued at $175,397. Company insiders own 3.60% of the company’s stock.

About Monolithic Power Systems

Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help convert, regulate and control electrical power in electronic systems, with applications spanning computing and storage, automotive, industrial, communications infrastructure, consumer electronics and other markets.

The company’s product portfolio includes power-management integrated circuits, DC-to-DC converters, power modules, battery-charging and management solutions, LED drivers, motor drivers, voltage regulators and related analog and mixed-signal devices.