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

Sapient Capital LLC lessened its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 36,031 shares of the semiconductor company’s stock after selling 893 shares during the quarter. Sapient Capital LLC’s holdings in Monolithic Power Systems were worth $32,077,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. WPG Advisers LLC acquired a new position in Monolithic Power Systems in the 1st quarter valued at $27,000. NewSquare Capital LLC boosted its stake in Monolithic Power Systems by 76.0% during the 2nd quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 19 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Monolithic Power Systems during the second quarter worth $36,000. Armstrong Advisory Group Inc. raised its position in shares of Monolithic Power Systems by 192.9% in the third quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 27 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its stake in shares of Monolithic Power Systems by 306.3% in the second quarter. AdvisorNet Financial Inc now owns 65 shares of the semiconductor company’s stock worth $48,000 after buying an additional 49 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Theodore Blegen sold 3,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $913.22, for a total transaction of $2,739,660.00. Following the completion of the transaction, the chief financial officer owned 37,940 shares of the company’s stock, valued at approximately $34,647,566.80. This trade represents a 7.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Saria Tseng sold 20,000 shares of Monolithic Power Systems 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 completion of the sale, the executive vice president owned 187,331 shares of the company’s stock, valued at $173,556,551.57. This trade represents a 9.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 86,516 shares of company stock valued at $80,331,635 over the last 90 days. 3.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Cowen reaffirmed a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. Needham & Company LLC upped their price target on Monolithic Power Systems from $820.00 to $1,025.00 and gave the company a “buy” rating in a research report on Monday, September 29th. KeyCorp increased their price target on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Truist Financial boosted their price objective on Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Finally, Wells Fargo & Company raised their target price on Monolithic Power Systems from $750.00 to $970.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus target price of $1,074.58.

Monolithic Power Systems Stock Performance

MPWR opened at $946.32 on Friday. The stock has a market capitalization of $45.34 billion, a PE ratio of 24.17, a P/E/G ratio of 3.20 and a beta of 1.47. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,123.38. The business’s 50 day moving average price is $963.45 and its 200 day moving average price is $867.91.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, October 30th. The semiconductor company reported $4.73 EPS for the quarter, beating analysts’ consensus estimates of $4.62 by $0.11. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.The company had revenue of $737.18 million for the quarter, compared to the consensus estimate of $720.66 million. During the same quarter in the previous year, the business earned $4.06 earnings per share. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. As a group, equities research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $1.56 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $6.24 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is presently 15.93%.

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.