Calamos Advisors LLC Sells 1,246 Shares of Monolithic Power Systems, Inc. $MPWR

Calamos Advisors LLC lowered its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 28.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,122 shares of the semiconductor company’s stock after selling 1,246 shares during the period. Calamos Advisors LLC’s holdings in Monolithic Power Systems were worth $4,316,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. IFP Advisors Inc increased its stake in shares of Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares during the period. Covestor Ltd raised its position in shares of Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 9 shares in the last quarter. Greenline Wealth Management LLC purchased a new position in shares of Monolithic Power Systems in the 4th quarter valued at approximately $38,000. Sunbelt Securities Inc. lifted its stake in shares of Monolithic Power Systems by 233.3% in the 1st quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 28 shares during the period. Finally, Essential Partners LLC boosted its position in shares of Monolithic Power Systems by 30.3% during the first quarter. Essential Partners LLC now owns 43 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 10 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Wells Fargo & Company increased their price target on shares of Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Truist Financial lifted their price target on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. Finally, Needham & Company LLC raised their target price on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a “buy” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,705.82.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 50 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $1,420.00, for a total transaction of $71,000.00. Following the completion of the sale, the director directly owned 565 shares in the company, valued at approximately $802,300. The trade was a 8.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Saria Tseng sold 7,565 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,700.00, for a total value of $12,860,500.00. Following the completion of the transaction, the executive vice president owned 144,218 shares in the company, valued at approximately $245,170,600. This trade represents a 4.98% 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 13,191 shares of company stock valued at $21,807,015. Insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $1,402.01 on Friday. Monolithic Power Systems, Inc. has a one year low of $800.97 and a one year high of $1,714.09. The company’s 50-day moving average is $1,394.48 and its 200 day moving average is $1,338.74. The company has a market capitalization of $68.90 billion, a price-to-earnings ratio of 85.96 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 EPS for the quarter, beating the consensus estimate of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The business had revenue of $980.64 million for the quarter, compared to the consensus estimate of $903.30 million. During the same period last year, the business posted $4.21 EPS. The company’s revenue was up 47.6% compared to the same quarter last year. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued 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 of this dividend was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 49.05%.

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.