Wellington Management Group LLP Sells 178,510 Shares of Monolithic Power Systems, Inc. $MPWR

Wellington Management Group LLP lowered its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 71.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,001 shares of the semiconductor company’s stock after selling 178,510 shares during the quarter. Wellington Management Group LLP owned approximately 0.15% of Monolithic Power Systems worth $99,531,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Monolithic Power Systems during the 2nd quarter valued at $7,727,289,000. Corient Private Wealth LLC raised its position 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 acquiring an additional 1,993,576 shares in the last quarter. Norges Bank bought a new position in shares of Monolithic Power Systems in the 4th quarter worth $658,656,000. Bank of America Corp DE purchased a new stake in shares of Monolithic Power Systems during the 2nd quarter worth $741,271,000. Finally, Legal & General Group Plc purchased a new stake in shares of Monolithic Power Systems during the 2nd quarter worth $497,561,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 3.3%

Shares of MPWR opened at $1,225.96 on Wednesday. Monolithic Power Systems, Inc. has a 52 week low of $800.97 and a 52 week high of $1,714.09. The company has a market capitalization of $60.25 billion, a price-to-earnings ratio of 75.17 and a beta of 1.69. The stock’s 50-day moving average price is $1,338.70 and its 200-day moving average price is $1,352.34.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, beating the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The company had revenue of $980.64 million during the quarter, compared to analysts’ expectations of $903.30 million. During the same period last year, the business earned $4.21 earnings per share. Monolithic Power Systems’s quarterly revenue was up 47.6% on a year-over-year basis. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is 49.05%.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 30 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the sale, the executive vice president directly owned 1,119 shares of the company’s stock, valued at $1,503,868.86. This represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Herbert Chang sold 50 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total value of $64,078.50. Following the sale, the director owned 515 shares in the company, valued at $660,008.55. This trade represents a 8.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 160 shares of company stock valued at $215,945 in the last ninety days. 3.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MPWR. KeyCorp boosted their target price on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Weiss Ratings upgraded shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. Truist Financial lifted their price target on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Arete Research set a $2,013.00 target price on shares of Monolithic Power Systems and gave the stock a “buy” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,731.42.

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.