Bamco Inc. NY Cuts Stake in Monolithic Power Systems, Inc. $MPWR

Bamco Inc. NY lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,196 shares of the semiconductor company’s stock after selling 2,824 shares during the quarter. Bamco Inc. NY owned 0.10% of Monolithic Power Systems worth $44,371,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. True Wealth Design LLC grew its stake in shares of Monolithic Power Systems by 61.1% in the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 11 shares in the last quarter. Fortress Financial Solutions LLC lifted its position in Monolithic Power Systems by 1.7% during the 2nd quarter. Fortress Financial Solutions LLC now owns 709 shares of the semiconductor company’s stock worth $518,000 after acquiring an additional 12 shares in the last quarter. Cromwell Holdings LLC boosted its holdings in Monolithic Power Systems by 9.2% in the 3rd quarter. Cromwell Holdings LLC now owns 143 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 12 shares during the period. Sagespring Wealth Partners LLC boosted its holdings in Monolithic Power Systems by 2.4% in the 3rd quarter. Sagespring Wealth Partners LLC now owns 512 shares of the semiconductor company’s stock worth $471,000 after acquiring an additional 12 shares during the period. Finally, UMB Bank n.a. grew its position in Monolithic Power Systems by 2.5% in the third quarter. UMB Bank n.a. now owns 492 shares of the semiconductor company’s stock valued at $453,000 after acquiring an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Truist Financial raised their price target on shares of Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a “buy” rating in a report on Friday, February 6th. Needham & Company LLC lifted their price target on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. KeyCorp boosted their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,218.42.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 21,725 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total transaction of $25,443,451.00. Following the completion of the sale, the chief financial officer owned 82,353 shares in the company, valued at $96,448,539.48. The trade was a 20.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Deming Xiao sold 22,875 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the sale, the executive vice president owned 235,932 shares of the company’s stock, valued at approximately $276,314,121.12. The trade was a 8.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 98,550 shares of company stock valued at $114,256,090 over the last quarter. Insiders own 3.40% of the company’s stock.

Monolithic Power Systems Stock Up 1.8%

Shares of Monolithic Power Systems stock opened at $1,052.59 on Monday. The business has a 50-day moving average price of $1,100.53 and a 200 day moving average price of $994.59. Monolithic Power Systems, Inc. has a fifty-two week low of $438.86 and a fifty-two week high of $1,256.22. The firm has a market cap of $51.70 billion, a P/E ratio of 82.62, a P/E/G ratio of 2.67 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.05. The company had revenue of $751.16 million for the quarter, compared to the consensus estimate of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.Monolithic Power Systems’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the business posted $4.09 EPS. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.8%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date is Tuesday, March 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is 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.