CIBC Private Wealth Group LLC Sells 1,277 Shares of Monolithic Power Systems, Inc. $MPWR

CIBC Private Wealth Group LLC reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,363 shares of the semiconductor company’s stock after selling 1,277 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Monolithic Power Systems were worth $57,414,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. True Wealth Design LLC lifted its position in shares of Monolithic Power Systems by 61.1% during the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 11 shares during the last quarter. SJS Investment Consulting Inc. grew its position in shares of Monolithic Power Systems by 2,700.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after buying an additional 27 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Monolithic Power Systems in the 3rd quarter worth approximately $33,000. Armstrong Advisory Group Inc. raised its stake in shares of Monolithic Power Systems by 192.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 27 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its stake in shares of Monolithic Power Systems by 542.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 38 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Up 0.8%

Shares of NASDAQ:MPWR opened at $1,075.29 on Thursday. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $1,256.22. The stock has a market cap of $52.82 billion, a price-to-earnings ratio of 84.40, a PEG ratio of 2.70 and a beta of 1.45. The business has a 50-day moving average price of $1,106.53 and a 200-day moving average price of $998.30.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, February 5th. The semiconductor company reported $4.79 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.05. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The firm had revenue of $751.16 million for the quarter, compared to analyst estimates of $741.69 million. During the same quarter in the prior year, the firm earned $4.09 earnings per share. Monolithic Power Systems’s revenue for the quarter was up 20.8% on a year-over-year basis. As a group, equities analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $2.00 dividend. This is an increase 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 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems’s payout ratio is currently 48.98%.

Analysts Set New Price Targets

Several brokerages have weighed in on MPWR. KeyCorp raised their target price on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Needham & Company LLC upped their price target on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Citigroup increased their price objective on Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a report on Monday, February 9th. Oppenheimer reissued an “outperform” rating and issued a $1,300.00 price objective on shares of Monolithic Power Systems in a research report on Thursday, January 29th. Finally, Rosenblatt Securities boosted their target price on Monolithic Power Systems from $950.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,218.42.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 21,725 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $1,171.16, for a total value of $25,443,451.00. Following the sale, the chief financial officer directly owned 82,353 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Also, EVP Maurice Sciammas sold 200 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $1,179.97, for a total value of $235,994.00. Following the sale, the executive vice president directly owned 1,299 shares in the company, valued at $1,532,781.03. This represents a 13.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 98,550 shares of company stock valued at $114,256,090. 3.40% of the stock is owned by corporate 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.