Sunpointe LLC Takes Position in Monolithic Power Systems, Inc. $MPWR

Sunpointe LLC bought a new position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, HoldingsChannel reports. The institutional investor bought 2,662 shares of the semiconductor company’s stock, valued at approximately $2,455,000. Monolithic Power Systems comprises about 0.9% of Sunpointe LLC’s holdings, making the stock its 26th largest holding.

Several other institutional investors also recently modified their holdings of MPWR. Consolidated Portfolio Review Corp lifted its holdings in Monolithic Power Systems by 4.6% in the third quarter. Consolidated Portfolio Review Corp now owns 317 shares of the semiconductor company’s stock valued at $292,000 after buying an additional 14 shares during the period. Alpha Family Trust bought a new stake in shares of Monolithic Power Systems during the 3rd quarter valued at $216,000. Dimensional Fund Advisors LP lifted its stake in shares of Monolithic Power Systems by 4.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 156,577 shares of the semiconductor company’s stock valued at $144,113,000 after purchasing an additional 6,216 shares during the period. Cresset Asset Management LLC boosted its position in shares of Monolithic Power Systems by 84.1% in the 3rd quarter. Cresset Asset Management LLC now owns 981 shares of the semiconductor company’s stock worth $905,000 after purchasing an additional 448 shares during the last quarter. Finally, NZS Capital LLC acquired a new stake in shares of Monolithic Power Systems during the third quarter worth $23,937,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity

In other news, EVP Saria Tseng sold 22,875 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the completion of the transaction, the executive vice president directly owned 200,626 shares of the company’s stock, valued at $234,965,146.16. This represents a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Deming Xiao sold 22,875 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total value 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. The trade was a 8.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 98,550 shares of company stock worth $114,256,090. 3.40% of the stock is currently owned by insiders.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $1,078.44 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,256.22. The company’s 50 day moving average price is $1,085.55 and its two-hundred day moving average price is $983.85. The company has a market capitalization of $52.97 billion, a P/E ratio of 84.65, a price-to-earnings-growth ratio of 2.78 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.05. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The company had revenue of $751.16 million during the quarter, compared to analysts’ expectations of $741.69 million. During the same quarter in the prior year, the company earned $4.09 earnings per share. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. Analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a boost 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. Stifel Nicolaus 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 Wednesday, February 4th. Wells Fargo & Company boosted their target price on Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Needham & Company LLC increased their price target on shares of 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. Rosenblatt Securities upped their target price on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Finally, Oppenheimer reissued an “outperform” rating and set a $1,300.00 price target on shares of Monolithic Power Systems in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,218.42.

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.