SG Americas Securities LLC Has $311,000 Holdings in Monolithic Power Systems, Inc. $MPWR

SG Americas Securities LLC lessened its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 98.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 338 shares of the semiconductor company’s stock after selling 21,380 shares during the period. SG Americas Securities LLC’s holdings in Monolithic Power Systems were worth $311,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. True Wealth Design LLC raised its position in shares of Monolithic Power Systems by 61.1% in the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 11 shares in the last quarter. SJS Investment Consulting Inc. boosted its position in shares of Monolithic Power Systems by 2,700.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 27 shares in the last quarter. NewSquare Capital LLC grew its stake in Monolithic Power Systems by 76.0% during the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 19 shares during the period. Salomon & Ludwin LLC acquired a new stake in Monolithic Power Systems during the third quarter worth approximately $33,000. Finally, Armstrong Advisory Group Inc. increased its holdings in Monolithic Power Systems by 192.9% in the third quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 27 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on MPWR shares. Truist Financial increased their price target on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a report on Friday, December 19th. TD Cowen reissued a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. Wells Fargo & Company raised their price target on shares of Monolithic Power Systems from $1,125.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Monday. KeyCorp upped their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Monolithic Power Systems in a research report on Friday, December 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Monolithic Power Systems currently has an average rating of “Buy” and a consensus price target of $1,093.75.

Monolithic Power Systems Price Performance

Shares of NASDAQ MPWR opened at $1,068.14 on Tuesday. The company has a 50-day moving average price of $956.93 and a 200-day moving average price of $908.02. The stock has a market capitalization of $51.17 billion, a P/E ratio of 27.28, a P/E/G ratio of 3.00 and a beta of 1.45. Monolithic Power Systems, Inc. has a 1 year low of $438.86 and a 1 year high of $1,123.38.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.62 by $0.11. The business had revenue of $737.18 million for the quarter, compared to analysts’ expectations of $720.66 million. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.06 EPS. As a group, equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $1.56 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $6.24 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s payout ratio is presently 15.93%.

Insider Buying and Selling at Monolithic Power Systems

In related news, EVP Saria Tseng sold 20,000 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $926.47, for a total value of $18,529,400.00. Following the completion of the sale, the executive vice president directly owned 187,331 shares of the company’s stock, valued at approximately $173,556,551.57. This represents a 9.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Theodore Blegen sold 3,000 shares of Monolithic Power Systems stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $940.47, for a total transaction of $2,821,410.00. Following the transaction, the chief financial officer directly owned 68,332 shares in the company, valued at $64,264,196.04. This represents a 4.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 69,976 shares of company stock valued at $63,370,417 in the last three months. Insiders own 3.40% of the company’s stock.

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.