Edgestream Partners L.P. Sells 1,934 Shares of Monolithic Power Systems, Inc. $MPWR

Edgestream Partners L.P. reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 21.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,183 shares of the semiconductor company’s stock after selling 1,934 shares during the quarter. Edgestream Partners L.P.’s holdings in Monolithic Power Systems were worth $5,254,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MPWR. WPG Advisers LLC purchased a new stake in Monolithic Power Systems in the 1st quarter valued at about $27,000. NewSquare Capital LLC boosted its holdings in shares of Monolithic Power Systems by 76.0% in the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 19 shares during the period. SouthState Corp purchased a new stake in shares of Monolithic Power Systems in the first quarter valued at approximately $33,000. Strategic Investment Solutions Inc. IL bought a new position in Monolithic Power Systems in the second quarter worth approximately $36,000. Finally, AdvisorNet Financial Inc increased its holdings in Monolithic Power Systems by 306.3% during the 2nd quarter. AdvisorNet Financial Inc now owns 65 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 49 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MPWR has been the subject of several research reports. Wolfe Research set a $1,200.00 target price on Monolithic Power Systems and gave the stock an “outperform” rating in a report on Tuesday, October 14th. TD Cowen upped their price objective on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. William Blair raised shares of Monolithic Power Systems to a “strong-buy” rating in a research report on Wednesday, August 13th. Rosenblatt Securities boosted their price target on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Monolithic Power Systems has an average rating of “Moderate Buy” and an average price target of $1,047.27.

Monolithic Power Systems Stock Up 2.6%

Shares of MPWR opened at $952.18 on Wednesday. The company has a 50 day moving average of $961.03 and a two-hundred day moving average of $835.18. The company has a market cap of $45.62 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 4.08 and a beta of 1.33. 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 issued its quarterly earnings data 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 19.14% and a net margin of 73.17%.The firm had revenue of $737.18 million during the quarter, compared to analyst estimates of $720.66 million. During the same quarter in the prior year, the business posted $4.06 EPS. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, sell-side analysts expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a dividend of $1.56 per share. The ex-dividend date was Tuesday, September 30th. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.7%. Monolithic Power Systems’s payout ratio is presently 15.93%.

Insider Activity

In other Monolithic Power Systems news, EVP Saria Tseng sold 20,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 187,331 shares in the company, valued at approximately $173,556,551.57. This represents a 9.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 27,966 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $881.66, for a total transaction of $24,656,503.56. Following the completion of the transaction, the executive vice president directly owned 148,306 shares of the company’s stock, valued at approximately $130,755,467.96. This represents a 15.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 102,426 shares of company stock worth $94,860,304 over the last 90 days. 3.40% of the stock is currently owned by corporate insiders.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.