2,662 Shares in Monolithic Power Systems, Inc. $MPWR Bought by Sunpointe LLC

Sunpointe LLC purchased a new stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,662 shares of the semiconductor company’s stock, valued at approximately $2,455,000. Monolithic Power Systems accounts for about 0.9% of Sunpointe LLC’s investment portfolio, making the stock its 26th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC grew its position in Monolithic Power Systems by 46.0% during the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock worth $376,000 after buying an additional 200 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Monolithic Power Systems by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after acquiring an additional 161 shares during the period. Bank of Montreal Can grew its holdings in shares of Monolithic Power Systems by 8.2% during the 2nd quarter. Bank of Montreal Can now owns 51,189 shares of the semiconductor company’s stock worth $37,439,000 after purchasing an additional 3,863 shares in the last quarter. NewSquare Capital LLC increased its position in shares of Monolithic Power Systems by 76.0% during the second 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. Finally, First Horizon Advisors Inc. increased its position in shares of Monolithic Power Systems by 17.4% during the second quarter. First Horizon Advisors Inc. now owns 256 shares of the semiconductor company’s stock valued at $188,000 after purchasing an additional 38 shares during the period. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 22,875 shares of the stock in a transaction dated 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 $276,314,121.12. This represents a 8.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Theodore Blegen sold 21,725 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $96,448,539.48. The trade was a 20.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 98,550 shares of company stock worth $114,256,090 over the last quarter. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems Trading Down 1.9%

NASDAQ:MPWR opened at $1,078.44 on Friday. The stock has a market capitalization of $52.97 billion, a P/E ratio of 84.65, a price-to-earnings-growth ratio of 2.78 and a beta of 1.45. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $1,256.22. The firm has a 50 day moving average of $1,085.55 and a 200-day moving average of $983.85.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share 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 analysts’ expectations of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The business’s revenue was up 20.8% on a year-over-year basis. During the same period last year, the firm posted $4.09 EPS. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, March 31st. This represents a $8.00 annualized dividend and a yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is currently 48.98%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus 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 Wednesday, February 4th. Rosenblatt Securities increased their price target on shares of Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. William Blair reaffirmed an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday. Truist Financial raised their target price on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Finally, Weiss Ratings lowered Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,218.42.

About Monolithic Power Systems

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.