15,517 Monolithic Power Systems, Inc. $MPWR Shares Sold by Sapient Capital LLC

Sapient Capital LLC trimmed its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 70.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 6,457 shares of the semiconductor company’s stock after selling 15,517 shares during the quarter. Sapient Capital LLC’s holdings in Monolithic Power Systems were worth $8,712,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Transamerica Financial Advisors LLC bought a new stake in shares of Monolithic Power Systems in the 2nd quarter worth about $35,000. Danske Bank A S purchased a new stake in Monolithic Power Systems in the 2nd quarter worth about $36,000. Continuum Advisory LLC purchased a new stake in Monolithic Power Systems in the 2nd quarter worth about $43,000. Sunbelt Securities Inc. raised its position in Monolithic Power Systems by 233.3% in the 1st quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 28 shares during the period. Finally, Essential Partners LLC lifted its stake in Monolithic Power Systems by 30.3% in the first quarter. Essential Partners LLC now owns 43 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 10 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MPWR shares. KeyCorp increased their price target on 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. Arete Research set a $2,013.00 target price on Monolithic Power Systems and gave the stock a “buy” rating in a research note on Thursday, August 20th. Truist Financial boosted their target price on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Needham & Company LLC lifted their price objective on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Zacks Research cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,731.42.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock traded down $56.18 during midday trading on Thursday, hitting $1,369.80. 847,824 shares of the company’s stock were exchanged, compared to its average volume of 726,441. The company has a market cap of $67.31 billion, a PE ratio of 83.99 and a beta of 1.68. The firm has a 50-day moving average of $1,312.56 and a two-hundred day moving average of $1,382.56. Monolithic Power Systems, Inc. has a 12 month low of $833.18 and a 12 month high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The business had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. During the same quarter in the previous year, the business posted $4.21 EPS. The company’s quarterly revenue was up 47.6% compared to the same quarter last year. As a group, equities analysts expect that Monolithic Power Systems, Inc. will post 23.32 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $2.00 per share. The ex-dividend date is Wednesday, September 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is currently 49.05%.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, Director Kuo Wei Chang sold 50 shares of Monolithic Power Systems stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total value of $64,078.50. Following the transaction, the director owned 515 shares in the company, valued at $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the transaction, the executive vice president owned 1,119 shares of the company’s stock, valued at $1,503,868.86. This represents a 2.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 130 shares of company stock worth $175,397 in the last ninety days. Insiders own 3.60% of the company’s stock.

Monolithic Power Systems Profile

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.