Alliancebernstein L.P. Sells 33,433 Shares of Monolithic Power Systems, Inc. $MPWR

Alliancebernstein L.P. reduced its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 10.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 280,703 shares of the semiconductor company’s stock after selling 33,433 shares during the period. Alliancebernstein L.P. owned about 0.59% of Monolithic Power Systems worth $258,426,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MPWR. Creative Planning lifted its holdings in Monolithic Power Systems by 8.7% in the 3rd quarter. Creative Planning now owns 15,856 shares of the semiconductor company’s stock worth $14,598,000 after buying an additional 1,266 shares during the period. Lazard Asset Management LLC increased its stake in shares of Monolithic Power Systems by 32.4% during the third quarter. Lazard Asset Management LLC now owns 19,029 shares of the semiconductor company’s stock valued at $17,519,000 after buying an additional 4,658 shares during the period. SummitTX Capital L.P. bought a new position in shares of Monolithic Power Systems during the third quarter valued at approximately $644,000. Credit Agricole S A bought a new position in shares of Monolithic Power Systems during the third quarter valued at approximately $14,785,000. Finally, Amundi lifted its stake in Monolithic Power Systems by 4.2% in the third quarter. Amundi now owns 137,635 shares of the semiconductor company’s stock worth $131,065,000 after acquiring an additional 5,515 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Monolithic Power Systems

In related news, Director Victor K. Lee sold 400 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $1,212.16, for a total value of $484,864.00. Following the sale, the director owned 27,756 shares in the company, valued at approximately $33,644,712.96. The trade was a 1.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 200 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $1,179.97, for a total transaction of $235,994.00. Following the completion of the sale, the executive vice president owned 1,299 shares in the company, valued at $1,532,781.03. This represents a 13.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 98,550 shares of company stock valued at $114,256,090. 3.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Weiss Ratings cut shares of Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Wells Fargo & Company upped their price objective on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Citigroup increased their target price 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, Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,218.42.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $1,052.59 on Monday. The stock has a market cap of $51.70 billion, a PE ratio of 82.62, a price-to-earnings-growth ratio of 2.67 and a beta of 1.45. The stock has a fifty day moving average of $1,100.53 and a 200 day moving average of $994.59. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,256.22.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.74 by $0.05. The firm had revenue of $751.16 million during the quarter, compared to the consensus estimate of $741.69 million. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.09 EPS. As a group, 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $2.00 per share. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, March 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 48.98%.

Monolithic Power Systems Company 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.