Monolithic Power Systems, Inc. $MPWR Stake Cut by Vantage Investment Partners LLC

Vantage Investment Partners LLC cut its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 6.2% in the third quarter, HoldingsChannel reports. The fund owned 44,584 shares of the semiconductor company’s stock after selling 2,952 shares during the quarter. Monolithic Power Systems accounts for 2.8% of Vantage Investment Partners LLC’s portfolio, making the stock its 13th biggest holding. Vantage Investment Partners LLC’s holdings in Monolithic Power Systems were worth $41,046,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. SJS Investment Consulting Inc. lifted its position in shares of Monolithic Power Systems by 2,700.0% in the third quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 27 shares in the last quarter. True Wealth Design LLC increased its stake in Monolithic Power Systems by 61.1% in the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 11 shares during the period. Salomon & Ludwin LLC purchased a new stake in Monolithic Power Systems in the 3rd quarter worth approximately $33,000. Armstrong Advisory Group Inc. boosted its stake in shares of Monolithic Power Systems by 192.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 27 shares during the period. Finally, NewSquare Capital LLC boosted its stake in shares of Monolithic Power Systems by 76.0% during the 2nd quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 19 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Activity

In other Monolithic Power Systems news, EVP Saria Tseng sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $926.47, for a total transaction of $18,529,400.00. Following the completion of the sale, the executive vice president directly owned 187,331 shares in the company, valued at $173,556,551.57. This represents a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Victor K. Lee sold 1,000 shares of Monolithic Power Systems stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $951.72, for a total value of $951,720.00. Following the completion of the transaction, the director owned 28,567 shares in the company, valued at $27,187,785.24. The trade was a 3.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 69,976 shares of company stock worth $63,370,417 in the last 90 days. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Performance

MPWR opened at $1,076.67 on Friday. The firm has a market cap of $51.58 billion, a P/E ratio of 27.49, a price-to-earnings-growth ratio of 3.04 and a beta of 1.45. The business has a 50 day moving average price of $950.63 and a 200 day moving average price of $901.40. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 EPS for the quarter, beating the consensus estimate of $4.62 by $0.11. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.The company had revenue of $737.18 million for the quarter, compared to the consensus estimate of $720.66 million. During the same quarter last year, the company posted $4.06 earnings per share. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. As a group, analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $1.56 dividend. This represents a $6.24 annualized dividend and a yield of 0.6%. The ex-dividend date was Wednesday, December 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is 15.93%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MPWR shares. Wolfe Research set a $1,200.00 price objective on Monolithic Power Systems and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Rosenblatt Securities lifted their price target on Monolithic Power Systems from $800.00 to $950.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Needham & Company LLC boosted their price target on Monolithic Power Systems from $820.00 to $1,025.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Wells Fargo & Company raised their price objective on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Finally, Truist Financial lifted their target price on shares of Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the company a “buy” rating in a research note on Friday, December 19th. One equities research 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 stock. According to MarketBeat, Monolithic Power Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,074.58.

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.