Monolithic Power Systems, Inc. $MPWR Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 51.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 938 shares of the semiconductor company’s stock after selling 1,001 shares during the period. Townsquare Capital LLC’s holdings in Monolithic Power Systems were worth $864,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in Monolithic Power Systems by 0.3% during the second quarter. Vanguard Group Inc. now owns 5,939,946 shares of the semiconductor company’s stock worth $4,344,358,000 after buying an additional 19,277 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Monolithic Power Systems by 36.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock valued at $626,592,000 after acquiring an additional 227,159 shares during the period. Bank of America Corp DE boosted its stake in shares of Monolithic Power Systems by 18.0% during the 2nd quarter. Bank of America Corp DE now owns 692,747 shares of the semiconductor company’s stock worth $506,661,000 after acquiring an additional 105,721 shares in the last quarter. Norges Bank acquired a new stake in shares of Monolithic Power Systems in the 2nd quarter worth approximately $438,014,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Monolithic Power Systems by 14.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 556,587 shares of the semiconductor company’s stock worth $512,416,000 after acquiring an additional 71,199 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 3,976 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $895.23, for a total value of $3,559,434.48. Following the sale, the executive vice president directly owned 144,330 shares of the company’s stock, valued at approximately $129,208,545.90. This trade represents a 2.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Victor K. Lee sold 600 shares of Monolithic Power Systems stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $930.86, for a total value of $558,516.00. Following the completion of the sale, the director owned 27,967 shares of the company’s stock, valued at $26,033,361.62. This trade represents a 2.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 69,976 shares of company stock valued at $63,370,417. 3.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Stifel Nicolaus lifted their price objective on Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Truist Financial lifted their price target on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Wolfe Research set a $1,200.00 price objective on shares of Monolithic Power Systems and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. TD Cowen restated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, October 31st. Finally, KeyCorp lifted their target price on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $1,135.42.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $1,124.15 on Friday. The stock has a market capitalization of $53.86 billion, a P/E ratio of 28.71, a P/E/G ratio of 3.32 and a beta of 1.45. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,188.66. The firm’s 50-day moving average is $978.80 and its two-hundred day moving average is $916.99.

Monolithic Power Systems (NASDAQ:MPWR) last posted 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 business had revenue of $737.18 million during 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 company’s revenue was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.06 earnings per share. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Dividend Announcement

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

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.