Monolithic Power Systems, Inc. $MPWR Shares Sold by Moore Capital Management LP

Moore Capital Management LP trimmed its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 35.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,894 shares of the semiconductor company’s stock after selling 7,106 shares during the quarter. Moore Capital Management LP’s holdings in Monolithic Power Systems were worth $11,871,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in MPWR. Penserra Capital Management LLC increased its stake in shares of Monolithic Power Systems by 88.9% in the 3rd quarter. Penserra Capital Management LLC now owns 2,191 shares of the semiconductor company’s stock valued at $2,016,000 after purchasing an additional 1,031 shares in the last quarter. AE Wealth Management LLC acquired a new position in Monolithic Power Systems in the 3rd quarter worth about $1,121,000. Candriam S.C.A. raised its holdings in Monolithic Power Systems by 6.9% in the 3rd quarter. Candriam S.C.A. now owns 85,907 shares of the semiconductor company’s stock worth $79,089,000 after purchasing an additional 5,561 shares during the period. Vanguard Group Inc. boosted its position in Monolithic Power Systems by 2.3% during the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after purchasing an additional 134,087 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in Monolithic Power Systems by 66.4% during the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock worth $412,263,000 after purchasing an additional 178,622 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Monolithic Power Systems news, CFO Theodore Blegen sold 21,725 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $25,443,451.00. Following the transaction, the chief financial officer owned 82,353 shares of the company’s stock, valued at approximately $96,448,539.48. The trade was a 20.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Victor K. Lee sold 1,000 shares of the business’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $951.72, for a total transaction of $951,720.00. Following the transaction, the director directly owned 28,567 shares in the company, valued at approximately $27,187,785.24. The trade was a 3.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 98,550 shares of company stock worth $114,256,090 in the last ninety days. Company insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MPWR shares. Rosenblatt Securities boosted their price objective on Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Stifel Nicolaus increased their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Oppenheimer reissued an “outperform” rating and issued a $1,300.00 price target on shares of Monolithic Power Systems in a research note on Thursday, January 29th. KeyCorp boosted their price target on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,218.42.

Monolithic Power Systems Trading Up 2.4%

NASDAQ:MPWR opened at $1,077.40 on Tuesday. The stock has a 50 day moving average of $1,102.98 and a two-hundred day moving average of $996.13. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $1,256.22. The firm has a market cap of $52.92 billion, a P/E ratio of 84.57, a price-to-earnings-growth ratio of 2.67 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.05. The business had revenue of $751.16 million for the quarter, compared to the consensus estimate of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the business posted $4.09 earnings per share. On average, research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s payout ratio is 48.98%.

Monolithic Power Systems 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.