Campbell & CO Investment Adviser LLC Sells 1,651 Shares of Monolithic Power Systems, Inc. $MPWR

Campbell & CO Investment Adviser LLC reduced its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 80.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 407 shares of the semiconductor company’s stock after selling 1,651 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Monolithic Power Systems were worth $375,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in Monolithic Power Systems by 46.0% during the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after acquiring an additional 200 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Monolithic Power Systems by 3.1% during the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after purchasing an additional 161 shares during the period. Sowell Financial Services LLC grew its stake in shares of Monolithic Power Systems by 6.6% in the second quarter. Sowell Financial Services LLC now owns 370 shares of the semiconductor company’s stock worth $271,000 after purchasing an additional 23 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in Monolithic Power Systems by 306.3% in the second quarter. AdvisorNet Financial Inc now owns 65 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 49 shares during the period. Finally, Fifth Third Bancorp raised its position in Monolithic Power Systems by 34.2% during the 2nd quarter. Fifth Third Bancorp now owns 12,621 shares of the semiconductor company’s stock worth $9,231,000 after purchasing an additional 3,216 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on MPWR shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Monolithic Power Systems in a report on Friday, December 26th. Wells Fargo & Company lifted their price objective on Monolithic Power Systems from $750.00 to $970.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Stifel Nicolaus upped their target price on Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, October 17th. KeyCorp raised their price target on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Finally, Truist Financial boosted their price target on shares of Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,074.58.

Monolithic Power Systems Trading Down 1.2%

Shares of MPWR stock opened at $1,063.74 on Friday. The firm has a fifty day simple moving average of $953.51 and a two-hundred day simple moving average of $903.64. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $1,123.38. The firm has a market capitalization of $50.96 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 3.04 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates of $4.62 by $0.11. The firm had revenue of $737.18 million for the quarter, compared to analyst estimates of $720.66 million. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period last year, the firm earned $4.06 earnings per share. On average, equities analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, December 31st. Monolithic Power Systems’s payout ratio is currently 15.93%.

Insider Transactions at Monolithic Power Systems

In related news, CFO Theodore Blegen sold 3,000 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $940.47, for a total value of $2,821,410.00. Following the completion of the sale, the chief financial officer directly owned 68,332 shares of the company’s stock, valued at approximately $64,264,196.04. This represents a 4.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $896.97, for a total value of $89,697.00. Following the transaction, the director owned 426 shares in the company, valued at approximately $382,109.22. This trade represents a 19.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 69,976 shares of company stock valued at $63,370,417. Corporate insiders own 3.40% of the company’s stock.

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.