Sirios Capital Management L P Sells 673 Shares of Monolithic Power Systems, Inc. $MPWR

Sirios Capital Management L P lowered its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 20.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,645 shares of the semiconductor company’s stock after selling 673 shares during the period. Sirios Capital Management L P’s holdings in Monolithic Power Systems were worth $2,435,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. True Wealth Design LLC increased its position in shares of Monolithic Power Systems by 61.1% during the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 11 shares during the last quarter. Fortress Financial Solutions LLC boosted its stake in Monolithic Power Systems by 1.7% during the second quarter. Fortress Financial Solutions LLC now owns 709 shares of the semiconductor company’s stock worth $518,000 after buying an additional 12 shares during the period. Cromwell Holdings LLC increased its position in Monolithic Power Systems by 9.2% during the third quarter. Cromwell Holdings LLC now owns 143 shares of the semiconductor company’s stock valued at $132,000 after acquiring an additional 12 shares during the last quarter. Sagespring Wealth Partners LLC raised its stake in shares of Monolithic Power Systems by 2.4% in the third quarter. Sagespring Wealth Partners LLC now owns 512 shares of the semiconductor company’s stock valued at $471,000 after acquiring an additional 12 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of Monolithic Power Systems by 2.5% in the third quarter. UMB Bank n.a. now owns 492 shares of the semiconductor company’s stock valued at $453,000 after acquiring an additional 12 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Up 1.8%

Shares of NASDAQ:MPWR opened at $1,052.59 on Friday. The business’s 50 day moving average is $1,100.53 and its 200 day moving average is $992.70. The stock has a market cap of $51.70 billion, a P/E ratio of 82.62, a price-to-earnings-growth ratio of 2.62 and a beta of 1.45. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $1,256.22.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.05. The business had revenue of $751.16 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the prior year, the business earned $4.09 EPS. On average, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 48.98%.

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of recent analyst reports. Weiss Ratings cut shares of Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. Rosenblatt Securities increased their price target on Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Needham & Company LLC upped their price objective on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Finally, KeyCorp increased their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,218.42.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Saria Tseng sold 22,875 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the completion of the sale, the executive vice president owned 200,626 shares in the company, valued at approximately $234,965,146.16. The trade was a 10.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 21,725 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 82,353 shares of the company’s stock, valued at $96,448,539.48. The trade was a 20.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 98,550 shares of company stock worth $114,256,090. 3.40% of the stock is currently owned by company insiders.

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.