Paragon Advisors LLC Sells 1,504 Shares of Monolithic Power Systems, Inc. $MPWR

Paragon Advisors LLC lessened its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 32.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,103 shares of the semiconductor company’s stock after selling 1,504 shares during the quarter. Paragon Advisors LLC’s holdings in Monolithic Power Systems were worth $2,857,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in Monolithic Power Systems during the 2nd quarter valued at about $438,014,000. JPMorgan Chase & Co. raised its stake in shares of Monolithic Power Systems by 36.1% during the second quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock valued at $626,592,000 after acquiring an additional 227,159 shares in the last quarter. Rakuten Investment Management Inc. purchased a new stake in shares of Monolithic Power Systems in the third quarter valued at approximately $197,260,000. Rafferty Asset Management LLC grew its stake 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 worth $386,991,000 after purchasing an additional 140,269 shares in the last quarter. Finally, Voya Investment Management LLC increased its holdings in Monolithic Power Systems by 57.5% during the 3rd quarter. Voya Investment Management LLC now owns 359,312 shares of the semiconductor company’s stock worth $330,797,000 after purchasing an additional 131,177 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Saria Tseng sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $926.47, for a total transaction of $18,529,400.00. Following the transaction, the executive vice president owned 187,331 shares in the company, valued at approximately $173,556,551.57. This represents a 9.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $896.97, for a total transaction of $89,697.00. Following the completion of the transaction, the director directly owned 426 shares of the company’s stock, valued at approximately $382,109.22. This represents a 19.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 69,976 shares of company stock worth $63,370,417 over the last ninety days. Company insiders own 3.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on MPWR. Rosenblatt Securities upped their target price on Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. TD Cowen reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. Wolfe Research set a $1,200.00 target price on shares of Monolithic Power Systems and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Citigroup raised their target price on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed 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 assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $1,093.75.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $1,161.78 on Thursday. The company has a market capitalization of $55.66 billion, a PE ratio of 29.67, a P/E/G ratio of 3.08 and a beta of 1.45. The company has a 50-day simple moving average of $967.24 and a two-hundred day simple moving average of $912.31. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,171.57.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.62 by $0.11. The firm had revenue of $737.18 million for the quarter, compared to the consensus estimate of $720.66 million. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.06 EPS. On average, equities analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $1.56 per share. The ex-dividend date was Wednesday, December 31st. This represents a $6.24 annualized dividend and a dividend yield of 0.5%. Monolithic Power Systems’s dividend payout ratio is 15.93%.

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.