Monolithic Power Systems, Inc. $MPWR Shares Sold by Silvant Capital Management LLC

Silvant Capital Management LLC reduced its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 8.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 11,892 shares of the semiconductor company’s stock after selling 1,124 shares during the period. Silvant Capital Management LLC’s holdings in Monolithic Power Systems were worth $10,948,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Monolithic Power Systems during the 2nd quarter valued at $438,014,000. JPMorgan Chase & Co. increased its holdings in Monolithic Power Systems by 36.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock valued at $626,592,000 after purchasing an additional 227,159 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in Monolithic Power Systems in the 3rd quarter valued at $197,260,000. First Trust Advisors LP raised its position in Monolithic Power Systems by 66.4% in the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company’s stock valued at $412,263,000 after purchasing an additional 178,622 shares during the period. Finally, Rafferty Asset Management LLC raised its position in Monolithic Power Systems by 36.1% in the second quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock valued at $386,991,000 after purchasing an additional 140,269 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 1.0%

MPWR stock opened at $1,066.66 on Wednesday. The stock’s 50 day moving average is $1,104.21 and its two-hundred day moving average is $997.76. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $1,256.22. The company has a market capitalization of $52.39 billion, a PE ratio of 83.73, a P/E/G ratio of 2.73 and a beta of 1.45.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, beating the consensus estimate of $4.74 by $0.05. The company 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 in the prior year, the business posted $4.09 EPS. As a group, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid 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 dividend on an annualized basis and a yield of 0.8%. Monolithic Power Systems’s payout ratio is currently 62.79%.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas 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 transaction, the executive vice president owned 178,625 shares of the company’s stock, valued at approximately $209,198,455. This trade represents a 11.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Saria Tseng 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 completion of the transaction, the executive vice president owned 200,626 shares of the company’s stock, valued at $234,965,146.16. This trade represents a 10.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 98,550 shares of company stock worth $114,256,090 over the last 90 days. Company insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MPWR. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Citigroup boosted their price target on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Rosenblatt Securities increased their price objective on shares of 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, Wells Fargo & Company lifted their price objective on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.