Van ECK Associates Corp Trims Stock Position in Monolithic Power Systems, Inc. $MPWR

Van ECK Associates Corp reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 23.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 732,448 shares of the semiconductor company’s stock after selling 219,612 shares during the period. Van ECK Associates Corp owned approximately 1.53% of Monolithic Power Systems worth $674,321,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MPWR. Bank of Montreal Can grew its holdings in Monolithic Power Systems by 5.5% during the third quarter. Bank of Montreal Can now owns 53,991 shares of the semiconductor company’s stock worth $49,707,000 after acquiring an additional 2,802 shares during the period. Legal & General Group Plc increased its holdings in shares of Monolithic Power Systems by 2.2% during the 3rd quarter. Legal & General Group Plc now owns 358,429 shares of the semiconductor company’s stock valued at $329,984,000 after purchasing an additional 7,855 shares in the last quarter. Banque Cantonale Vaudoise lifted its stake in shares of Monolithic Power Systems by 67.6% in the 3rd quarter. Banque Cantonale Vaudoise now owns 2,974 shares of the semiconductor company’s stock valued at $2,737,000 after purchasing an additional 1,200 shares during the period. Fieldview Capital Management LLC acquired a new stake in Monolithic Power Systems during the third quarter valued at $261,000. Finally, WINTON GROUP Ltd purchased a new position in Monolithic Power Systems in the third quarter valued at $1,450,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 21,725 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total value of $25,443,451.00. Following the completion of the sale, the chief financial officer directly owned 82,353 shares in the company, valued at $96,448,539.48. This represents a 20.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Deming Xiao sold 22,875 shares of the business’s stock in a transaction on 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 $276,314,121.12. This trade represents a 8.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 98,550 shares of company stock worth $114,256,090. 3.40% of the stock is owned by company insiders.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $1,062.00 on Tuesday. The stock has a 50 day moving average price of $1,089.73 and a 200 day moving average price of $988.86. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,256.22. The stock 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.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.05. The company had revenue of $751.16 million for the quarter, compared to analysts’ expectations of $741.69 million. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The firm’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.09 EPS. 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $2.00 dividend. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.56. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. Monolithic Power Systems’s dividend payout ratio is 48.98%.

Analyst Upgrades and Downgrades

MPWR has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Monolithic Power Systems from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. Oppenheimer reiterated an “outperform” rating and set a $1,300.00 price target on shares of Monolithic Power Systems in a research report on Thursday, January 29th. KeyCorp upped 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 note on Friday, February 6th. Stifel Nicolaus lifted their price target on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Finally, Needham & Company LLC boosted 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 report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,218.42.

Monolithic Power Systems Company 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.