Monolithic Power Systems, Inc. $MPWR Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. cut its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 63.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,496 shares of the semiconductor company’s stock after selling 44,860 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.05% of Monolithic Power Systems worth $23,473,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MPWR. Prakash Investment Advisors LLC acquired a new stake in shares of Monolithic Power Systems during the third quarter worth approximately $276,000. Wealth Alliance LLC bought a new position in Monolithic Power Systems during the 3rd quarter valued at $209,000. Avestar Capital LLC acquired a new position in Monolithic Power Systems during the 3rd quarter worth $326,000. Synovus Financial Corp increased its position in shares of Monolithic Power Systems by 3.3% in the 3rd quarter. Synovus Financial Corp now owns 6,347 shares of the semiconductor company’s stock worth $5,843,000 after purchasing an additional 204 shares during the last quarter. Finally, NewEdge Wealth LLC raised its stake in shares of Monolithic Power Systems by 1,601.7% in the 3rd quarter. NewEdge Wealth LLC now owns 16,932 shares of the semiconductor company’s stock valued at $16,935,000 after purchasing an additional 15,937 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Monolithic Power Systems Trading Up 2.5%

NASDAQ:MPWR opened at $1,204.10 on Friday. The firm has a market capitalization of $57.69 billion, a PE ratio of 94.51, a price-to-earnings-growth ratio of 2.98 and a beta of 1.45. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,250.00. The stock has a 50 day moving average of $1,047.98 and a 200-day moving average of $963.25.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.74 by $0.05. Monolithic Power Systems had a return on equity of 18.09% and a net margin of 22.07%.The business had revenue of $751.16 million during the quarter, compared to analyst estimates of $741.69 million. During the same quarter in the previous year, the firm posted $4.09 EPS. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. As a group, analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.56. This represents a $8.00 annualized dividend and a yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is currently 48.98%.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Saria Tseng sold 22,875 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the completion of the transaction, the executive vice president directly owned 200,626 shares of the company’s stock, valued at approximately $234,965,146.16. This trade represents a 10.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Deming Xiao sold 22,875 shares of Monolithic Power Systems stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total value of $26,790,285.00. Following the transaction, the executive vice president directly owned 235,932 shares in the company, valued at approximately $276,314,121.12. The trade was a 8.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 125,626 shares of company stock worth $139,159,251. Company insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

MPWR has been the subject of a number of research reports. Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Wells Fargo & Company increased their target price on Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Truist Financial lifted 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. Rosenblatt Securities upped their price target on Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Finally, Citigroup raised their price objective on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target 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.