Monolithic Power Systems, Inc. $MPWR Stock: Motley Fool Asset Management LLC Reduces Holdings

Motley Fool Asset Management LLC reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 90.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 364 shares of the semiconductor company’s stock after selling 3,593 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Monolithic Power Systems were worth $490,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. North Dakota State Investment Board increased its position in shares of Monolithic Power Systems by 5.2% in the third quarter. North Dakota State Investment Board now owns 1,448 shares of the semiconductor company’s stock worth $1,951,000 after purchasing an additional 72 shares during the period. WestEnd Advisors LLC raised its stake in Monolithic Power Systems by 2,000.0% in the third quarter. WestEnd Advisors LLC now owns 21 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 20 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in Monolithic Power Systems by 1.8% in the third quarter. Asset Management One Co. Ltd. now owns 21,805 shares of the semiconductor company’s stock valued at $29,376,000 after purchasing an additional 381 shares in the last quarter. John Boyer Inc. bought a new stake in Monolithic Power Systems during the third quarter worth about $92,000. Finally, Oppenheimer & Co. Inc. lifted its position in Monolithic Power Systems by 2.9% during the third quarter. Oppenheimer & Co. Inc. now owns 5,418 shares of the semiconductor company’s stock worth $7,299,000 after purchasing an additional 153 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

More Monolithic Power Systems News

Here are the key news stories impacting Monolithic Power Systems this week:

• Positive Sentiment: Q3 results exceeded expectations: Adjusted earnings were $8.19 per share, above the roughly $7.79–$7.80 consensus, while revenue reached $1.20 billion versus estimates of about $1.16 billion. Revenue increased 63.1% year over year, and earnings rose substantially from $4.73 per share in the prior-year quarter. Monolithic Power Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Operating trends improved: Reports highlighted improving inventory levels, a development that could support cash flow and reduce supply-chain concerns. The earnings beat and strong year-over-year growth reinforce demand for MPS’s power-management semiconductor products. Monolithic Power Systems delivers impressive Q3, inventory levels improve

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total value of $40,318.20. Following the completion of the transaction, the executive vice president directly owned 1,119 shares in the company, valued at approximately $1,503,868.86. This represents a 2.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 firm’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 sale, the director directly owned 515 shares in the company, valued at approximately $660,008.55. This trade represents a 8.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 130 shares of company stock valued at $175,397 over the last quarter. Company insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Oppenheimer reduced their price objective on shares of Monolithic Power Systems from $1,700.00 to $1,500.00 and set an “outperform” rating on the stock in a research note on Friday, October 23rd. Rosenblatt Securities restated a “neutral” rating and issued a $1,575.00 target price on shares of Monolithic Power Systems in a research report on Friday, July 31st. KeyCorp upped their price target on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Wells Fargo & Company reduced their price target on shares of Monolithic Power Systems from $1,800.00 to $1,550.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 20th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Monolithic Power Systems in a research report on Wednesday, August 12th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,692.64.

Monolithic Power Systems Trading Down 1.0%

MPWR opened at $1,198.81 on Friday. The company’s 50 day moving average is $1,276.68 and its 200-day moving average is $1,309.09. Monolithic Power Systems, Inc. has a 1-year low of $833.18 and a 1-year high of $1,714.09. The company has a market cap of $58.91 billion, a P/E ratio of 73.50 and a beta of 1.68.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, October 29th. The semiconductor company reported $8.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.79 by $0.40. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The firm’s quarterly revenue was up 63.1% compared to the same quarter last year. During the same period in the prior year, the company earned $4.73 EPS. On average, equities analysts forecast that Monolithic Power Systems, Inc. will post 23.95 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $2.00 per share. The ex-dividend date was Wednesday, September 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is 49.05%.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help regulate, convert, distribute and control electrical power in electronic systems, supporting applications that require efficient and reliable power delivery.

The company’s portfolio includes integrated circuits, power modules, battery-management products, motor drivers, LED drivers and related analog and mixed-signal semiconductor solutions.