Torray Investment Partners LLC Lowers Holdings in Monolithic Power Systems, Inc. $MPWR

Torray Investment Partners LLC lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 12.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,707 shares of the semiconductor company’s stock after selling 542 shares during the quarter. Torray Investment Partners LLC’s holdings in Monolithic Power Systems were worth $4,053,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Monolithic Power Systems in the fourth quarter worth approximately $34,000. IFP Advisors Inc increased its position in Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 24 shares during the last quarter. Covestor Ltd raised its stake in Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 9 shares during the period. Greenline Wealth Management LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at $38,000. Finally, Torren Management LLC acquired a new position in shares of Monolithic Power Systems in the 4th quarter valued at $49,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Eugen J. Elmiger sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,584.96, for a total transaction of $19,019,520.00. Following the sale, the director directly owned 5,402 shares in the company, valued at approximately $8,561,953.92. This trade represents a 68.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $1,351.61, for a total value of $40,548.30. Following the transaction, the executive vice president directly owned 1,149 shares in the company, valued at $1,552,999.89. This trade represents a 2.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 69,370 shares of company stock valued at $112,702,503. 3.60% of the stock is owned by insiders.

Monolithic Power Systems Stock Down 1.6%

Shares of Monolithic Power Systems stock traded down $21.39 during trading hours on Friday, hitting $1,352.74. The company’s stock had a trading volume of 577,477 shares, compared to its average volume of 1,133,119. The business has a fifty day moving average of $1,514.02 and a 200 day moving average of $1,272.93. Monolithic Power Systems, Inc. has a 1-year low of $686.87 and a 1-year high of $1,714.09. The company has a market capitalization of $66.46 billion, a PE ratio of 97.53, a P/E/G ratio of 2.46 and a beta of 1.71.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The business had revenue of $804.19 million for the quarter, compared to analyst estimates of $781.93 million. During the same quarter in the previous year, the business posted $4.04 EPS. The business’s quarterly revenue was up 26.1% on a year-over-year basis. On average, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, June 30th. Monolithic Power Systems’s payout ratio is currently 57.68%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MPWR shares. Stifel Nicolaus upped their price objective on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. TD Cowen lifted their target price on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a report on Friday, May 1st. Needham & Company LLC boosted their price target on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Truist Financial set a $1,805.00 price target on Monolithic Power Systems in a research note on Friday, May 1st. Finally, Rosenblatt Securities raised their price objective on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. 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. According to data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and an average price target of $1,599.17.

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.