Monolithic Power Systems, Inc. $MPWR Position Reduced by Lido Advisors LLC

Lido Advisors LLC reduced its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 37.6% in the first quarter, HoldingsChannel.com reports. The firm owned 1,209 shares of the semiconductor company’s stock after selling 730 shares during the period. Lido Advisors LLC’s holdings in Monolithic Power Systems were worth $1,325,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Corient Private Wealth LLC raised its stake in shares of Monolithic Power Systems by 3,719.6% in the 4th quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock worth $1,855,476,000 after buying an additional 1,993,576 shares in the last quarter. Norges Bank bought a new position in Monolithic Power Systems during the fourth quarter valued at about $658,656,000. Invesco Ltd. grew its holdings in Monolithic Power Systems by 25.9% during the fourth quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock worth $1,300,345,000 after acquiring an additional 295,556 shares during the period. First Trust Advisors LP grew its holdings in Monolithic Power Systems by 56.6% during the fourth quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company’s stock worth $635,770,000 after acquiring an additional 253,653 shares during the period. Finally, Barclays PLC raised its position in Monolithic Power Systems by 67.0% in the fourth quarter. Barclays PLC now owns 604,802 shares of the semiconductor company’s stock worth $548,168,000 after acquiring an additional 242,740 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Monolithic Power Systems from $1,860.00 to $1,700.00 and set an “overweight” rating for the company in a research report on Monday, July 20th. Oppenheimer set a $1,700.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 1st. Stifel Nicolaus raised their target price on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. Finally, Needham & Company LLC upped their price target on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and a consensus target price of $1,657.27.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, Director Jeff Zhou sold 1,014 shares of Monolithic Power Systems stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $1,587.06, for a total transaction of $1,609,278.84. Following the completion of the sale, the director owned 4,786 shares of the company’s stock, valued at $7,595,669.16. This trade represents a 17.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Saria Tseng sold 7,565 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,700.00, for a total transaction of $12,860,500.00. Following the transaction, the executive vice president owned 144,218 shares in the company, valued at approximately $245,170,600. This represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 69,370 shares of company stock worth $112,702,503. 3.60% of the stock is owned by company insiders.

Monolithic Power Systems Trading Up 0.4%

Shares of NASDAQ MPWR opened at $1,339.08 on Tuesday. Monolithic Power Systems, Inc. has a one year low of $706.00 and a one year high of $1,714.09. The business has a 50-day moving average price of $1,458.52 and a two-hundred day moving average price of $1,306.64. The firm has a market capitalization of $65.79 billion, a PE ratio of 96.55 and a beta of 1.71.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.90 by $0.20. The company had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The firm’s quarterly revenue was up 26.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.04 EPS. Research analysts anticipate that Monolithic Power Systems, Inc. will post 20.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is currently 57.68%.

About Monolithic Power Systems

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.