CreativeOne Wealth LLC Lowers Stake in Monolithic Power Systems, Inc. $MPWR

CreativeOne Wealth LLC lessened its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 33.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,240 shares of the semiconductor company’s stock after selling 1,108 shares during the period. CreativeOne Wealth LLC’s holdings in Monolithic Power Systems were worth $2,062,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MPWR. Brighton Jones LLC raised its holdings in Monolithic Power Systems by 46.0% in the 4th quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after acquiring an additional 200 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Monolithic Power Systems by 3.1% during the first quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after purchasing an additional 161 shares during the last quarter. Savant Capital LLC boosted its holdings in shares of Monolithic Power Systems by 48.3% during the second quarter. Savant Capital LLC now owns 2,094 shares of the semiconductor company’s stock worth $1,532,000 after purchasing an additional 682 shares during the last quarter. Penserra Capital Management LLC grew its position in shares of Monolithic Power Systems by 1.8% in the second quarter. Penserra Capital Management LLC now owns 1,160 shares of the semiconductor company’s stock valued at $847,000 after purchasing an additional 21 shares during the period. Finally, Aviva PLC grew its position in shares of Monolithic Power Systems by 1,182.4% in the second quarter. Aviva PLC now owns 35,702 shares of the semiconductor company’s stock valued at $26,112,000 after purchasing an additional 32,918 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 200 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $1,179.97, for a total value of $235,994.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Victor K. Lee sold 400 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $1,212.16, for a total transaction of $484,864.00. Following the completion of the sale, the director directly owned 27,756 shares of the company’s stock, valued at $33,644,712.96. This trade represents a 1.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 98,550 shares of company stock valued at $114,256,090. Company insiders own 3.40% of the company’s stock.

Monolithic Power Systems Trading Up 3.8%

NASDAQ:MPWR opened at $1,062.00 on Tuesday. The firm has a market capitalization of $52.17 billion, a price-to-earnings ratio of 83.36, a PEG ratio of 2.59 and a beta of 1.45. The firm’s fifty day simple moving average is $1,089.73 and its 200 day simple moving average is $988.86. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $1,256.22.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.05. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The firm had revenue of $751.16 million during the quarter, compared to analysts’ expectations of $741.69 million. During the same period in the prior year, the company earned $4.09 EPS. The firm’s revenue was up 20.8% on a year-over-year basis. On average, analysts predict that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 annualized dividend and a dividend yield of 0.8%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 48.98%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MPWR. KeyCorp increased their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Truist Financial lifted their price target 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. Weiss Ratings downgraded shares of Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Finally, William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a research report on Thursday. One investment 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.