Taylor Frigon Capital Management LLC Sells 2,241 Shares of Monolithic Power Systems, Inc. $MPWR

Taylor Frigon Capital Management LLC cut its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 54.7% during the 1st quarter, Holdings Channel reports. The firm owned 1,855 shares of the semiconductor company’s stock after selling 2,241 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in Monolithic Power Systems were worth $2,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the company. AIA Group Ltd bought a new stake in Monolithic Power Systems in the 3rd quarter valued at $1,459,000. Merit Financial Group LLC raised its position in shares of Monolithic Power Systems by 183.9% in the fourth quarter. Merit Financial Group LLC now owns 2,757 shares of the semiconductor company’s stock valued at $2,499,000 after purchasing an additional 1,786 shares during the period. Fideuram Asset Management Ireland dac bought a new position in shares of Monolithic Power Systems in the fourth quarter valued at about $3,983,000. Mirabaud Asset Management Ltd acquired a new stake in shares of Monolithic Power Systems during the 4th quarter worth about $4,424,000. Finally, Harvest Fund Management Co. Ltd grew its stake in Monolithic Power Systems by 12.7% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 8,946 shares of the semiconductor company’s stock valued at $8,222,000 after buying an additional 1,008 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Oppenheimer set a $1,700.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 1st. KeyCorp upped their target price on Monolithic Power Systems from $1,500.00 to $2,000.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Citigroup reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, May 1st. Raymond James Financial restated an “outperform” rating and issued a $1,800.00 price target on shares of Monolithic Power Systems in a research note on Friday, May 1st. Finally, Stifel Nicolaus upped 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, April 16th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,599.17.

Monolithic Power Systems Stock Up 3.4%

Shares of NASDAQ:MPWR opened at $1,315.51 on Thursday. Monolithic Power Systems, Inc. has a 12-month low of $686.87 and a 12-month high of $1,714.09. The company’s 50 day moving average price is $1,520.10 and its two-hundred day moving average price is $1,269.29. The firm has a market cap of $64.63 billion, a PE ratio of 94.85, a PEG ratio of 2.28 and a beta of 1.71.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.90 by $0.20. The company had revenue of $804.19 million during the quarter, compared to the consensus estimate of $781.93 million. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The firm’s quarterly revenue was up 26.1% on a year-over-year basis. During the same period in the previous year, the business earned $4.04 earnings per share. On average, research analysts expect that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $8.00 annualized dividend and a yield of 0.6%. Monolithic Power Systems’s payout ratio is currently 57.68%.

Insider Activity

In related news, EVP Deming Xiao sold 30,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the transaction, the executive vice president owned 205,959 shares in the company, valued at approximately $340,769,463.45. This trade represents a 12.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eugen J. Elmiger sold 12,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $1,584.96, for a total value of $19,019,520.00. Following the completion of the transaction, the director directly owned 5,402 shares of the company’s stock, valued at approximately $8,561,953.92. This trade represents a 68.96% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 69,370 shares of company stock worth $112,702,503. 3.60% of the stock is owned by insiders.

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.