Monolithic Power Systems, Inc. $MPWR Shares Sold by Citigroup Inc.

Citigroup Inc. decreased its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 36.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 178,183 shares of the semiconductor company’s stock after selling 100,746 shares during the quarter. Citigroup Inc. owned approximately 0.37% of Monolithic Power Systems worth $164,042,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SJS Investment Consulting Inc. raised its position in Monolithic Power Systems by 2,700.0% during the third quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 27 shares in the last quarter. True Wealth Design LLC grew its stake in shares of Monolithic Power Systems by 61.1% during the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 11 shares during the period. Salomon & Ludwin LLC purchased a new position in shares of Monolithic Power Systems during the 3rd quarter valued at approximately $33,000. Armstrong Advisory Group Inc. increased its holdings in shares of Monolithic Power Systems by 192.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 27 shares in the last quarter. Finally, NewSquare Capital LLC lifted its stake in shares of Monolithic Power Systems by 76.0% in the 2nd 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. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 200 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $1,179.97, for a total value of $235,994.00. Following the completion of the sale, the executive vice president directly owned 1,299 shares in the company, valued at $1,532,781.03. This represents a 13.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Victor K. Lee sold 400 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $1,212.16, for a total transaction of $484,864.00. Following the completion of the transaction, the director directly owned 27,756 shares in the company, valued at approximately $33,644,712.96. This represents a 1.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 125,626 shares of company stock worth $139,159,251 over the last 90 days. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Trading Up 2.5%

Shares of Monolithic Power Systems stock opened at $1,204.10 on Friday. The firm has a market capitalization of $57.69 billion, a PE ratio of 94.51, a P/E/G ratio of 3.05 and a beta of 1.45. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $1,250.00. The firm’s 50-day moving average price is $1,047.98 and its 200 day moving average price is $964.37.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.05. The business had revenue of $751.16 million during the quarter, compared to analysts’ expectations of $741.69 million. Monolithic Power Systems had a return on equity of 18.09% and a net margin of 22.07%.The business’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.09 earnings per share. On average, sell-side analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. Monolithic Power Systems’s payout ratio is 48.98%.

Wall Street Analyst Weigh In

MPWR has been the subject of a number of recent analyst reports. Rosenblatt Securities lifted their price objective on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a “neutral” rating in a report on Friday, February 6th. Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. TD Cowen restated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. Citigroup increased their price target on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Monolithic Power Systems in a report on Friday, December 26th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $1,218.42.

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.