Patton Fund Management Inc. Sells 3,789 Shares of Monolithic Power Systems, Inc. $MPWR

Patton Fund Management Inc. decreased its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 62.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,240 shares of the semiconductor company’s stock after selling 3,789 shares during the quarter. Patton Fund Management Inc.’s holdings in Monolithic Power Systems were worth $2,449,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. State Street Corp increased its position in Monolithic Power Systems by 2.1% during the fourth quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company’s stock worth $1,979,610,000 after buying an additional 45,715 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of Monolithic Power Systems by 3,719.6% during 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 acquiring an additional 1,993,576 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Monolithic Power Systems by 7.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company’s stock valued at $1,533,013,000 after acquiring an additional 117,596 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Monolithic Power Systems by 25.9% during the 4th quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock valued at $1,300,345,000 after acquiring an additional 295,556 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Monolithic Power Systems by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 1,382,280 shares of the semiconductor company’s stock valued at $1,248,436,000 after acquiring an additional 44,583 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MPWR shares. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 12th. TD Cowen increased their price target on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a report on Friday, May 1st. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, Truist Financial set a $1,805.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,599.17.

Insider Activity

In other news, Director Eugen J. Elmiger sold 12,000 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the sale, the director owned 5,402 shares of the company’s stock, valued at approximately $8,561,953.92. This trade represents a 68.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deming Xiao sold 30,000 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the sale, the executive vice president directly owned 205,959 shares in the company, valued at $340,769,463.45. The trade was a 12.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 87,369 shares of company stock valued at $134,899,529. Corporate insiders own 3.60% of the company’s stock.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $1,316.24 on Monday. The firm has a market capitalization of $64.67 billion, a price-to-earnings ratio of 94.90, a P/E/G ratio of 2.35 and a beta of 1.69. The company’s fifty day moving average is $1,553.78 and its two-hundred day moving average is $1,248.67. Monolithic Power Systems, Inc. has a 52-week low of $686.87 and a 52-week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 22.84% and a return on equity of 19.58%. The business’s revenue was up 26.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.04 EPS. As a group, sell-side analysts expect that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, June 30th. Monolithic Power Systems’s payout ratio is currently 57.68%.

Monolithic Power Systems Company 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.