Lbp Am Sa Sells 352 Shares of Monolithic Power Systems, Inc. $MPWR

Lbp Am Sa reduced its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 12.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,423 shares of the semiconductor company’s stock after selling 352 shares during the quarter. Lbp Am Sa’s holdings in Monolithic Power Systems were worth $2,196,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MPWR. SJS Investment Consulting Inc. lifted its holdings in shares of 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 during the period. True Wealth Design LLC lifted its holdings in shares of Monolithic Power Systems by 61.1% during the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 11 shares during the period. Salomon & Ludwin LLC bought a new position in shares of Monolithic Power Systems during the third quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Monolithic Power Systems during the fourth quarter valued at $34,000. Finally, IFP Advisors Inc lifted its holdings in shares of Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 24 shares during the period. 93.46% of the stock is owned by institutional investors.

Monolithic Power Systems Stock Up 4.7%

Shares of MPWR stock opened at $1,468.35 on Friday. The stock has a 50-day moving average price of $1,160.18 and a 200 day moving average price of $1,047.42. The firm has a market cap of $72.13 billion, a price-to-earnings ratio of 115.26, a PEG ratio of 3.55 and a beta of 1.48. Monolithic Power Systems, Inc. has a 12 month low of $496.40 and a 12 month high of $1,479.23.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data 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 firm had revenue of $751.16 million during the quarter, compared to analyst estimates of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The company’s revenue was up 20.8% on a year-over-year basis. During the same period last year, the company earned $4.09 earnings per share. Sell-side analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a $2.00 dividend. The ex-dividend date was Tuesday, March 31st. 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 yield of 0.5%. Monolithic Power Systems’s dividend payout ratio is 62.79%.

Analysts Set New Price Targets

A number of research analysts have issued reports on MPWR shares. Oppenheimer reissued an “outperform” rating and set a $1,300.00 price objective on shares of Monolithic Power Systems in a report on Thursday, January 29th. Citigroup lifted their price objective on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a report on Monday, February 9th. KeyCorp lifted their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Stifel Nicolaus lifted their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a report on Thursday. Finally, Truist Financial lifted their price objective on 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. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus target price of $1,235.08.

Insider Transactions at Monolithic Power Systems

In related news, Director Victor K. Lee sold 400 shares of Monolithic Power Systems stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $1,212.16, for a total value of $484,864.00. Following the completion of the sale, the director directly owned 27,756 shares in the company, valued at $33,644,712.96. This trade represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $1,116.44, for a total value of $33,493.20. Following the completion of the sale, the executive vice president owned 1,239 shares of the company’s stock, valued at approximately $1,383,269.16. The trade was a 2.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 137,683 shares of company stock valued at $158,138,447 in the last three months. Company insiders own 3.40% of the company’s stock.

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.