Segall Bryant & Hamill LLC Sells 3,519 Shares of Monolithic Power Systems, Inc. $MPWR

Segall Bryant & Hamill LLC trimmed its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 8.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,808 shares of the semiconductor company’s stock after selling 3,519 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.07% of Monolithic Power Systems worth $32,966,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. True Wealth Design LLC lifted its stake 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 worth $26,000 after buying an additional 11 shares during the last quarter. Fortress Financial Solutions LLC grew its stake in Monolithic Power Systems by 1.7% in the 2nd quarter. Fortress Financial Solutions LLC now owns 709 shares of the semiconductor company’s stock valued at $518,000 after buying an additional 12 shares during the last quarter. Cromwell Holdings LLC raised its holdings in Monolithic Power Systems by 9.2% in the 3rd 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 period. Sagespring Wealth Partners LLC lifted its position in Monolithic Power Systems by 2.4% during the third quarter. Sagespring Wealth Partners LLC now owns 512 shares of the semiconductor company’s stock worth $471,000 after acquiring an additional 12 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in Monolithic Power Systems by 2.5% during the third quarter. UMB Bank n.a. now owns 492 shares of the semiconductor company’s stock worth $453,000 after acquiring an additional 12 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Theodore Blegen sold 21,725 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $25,443,451.00. Following the transaction, the chief financial officer directly owned 82,353 shares of the company’s stock, valued at $96,448,539.48. This trade represents a 20.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Deming Xiao sold 22,875 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the transaction, the executive vice president owned 235,932 shares of the company’s stock, valued at approximately $276,314,121.12. This represents a 8.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 98,550 shares of company stock worth $114,256,090. 3.40% of the stock is owned by company insiders.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $1,142.58 on Tuesday. The business has a fifty day moving average price of $1,077.50 and a two-hundred day moving average price of $980.63. The stock has a market capitalization of $54.74 billion, a PE ratio of 89.68, a P/E/G ratio of 2.89 and a beta of 1.45. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,256.22.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.05. The company had revenue of $751.16 million for the quarter, compared to analyst estimates of $741.69 million. Monolithic Power Systems had a return on equity of 18.09% and a net margin of 22.07%.Monolithic Power Systems’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the firm posted $4.09 EPS. On average, equities analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The company 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 $2.00 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $8.00 annualized dividend and a yield of 0.7%. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s payout ratio is 48.98%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MPWR shares. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Truist Financial boosted their price target on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a research note on Friday, February 6th. 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 report on Friday, February 6th. Citigroup increased their price objective on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Finally, Oppenheimer reissued an “outperform” rating and issued a $1,300.00 target price on shares of Monolithic Power Systems in a research report on Thursday, January 29th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Monolithic Power Systems currently has a consensus rating of “Buy” and an average price target of $1,218.42.

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.