Monolithic Power Systems, Inc. $MPWR Shares Sold by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 19.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,727 shares of the semiconductor company’s stock after selling 9,768 shares during the period. Monolithic Power Systems accounts for approximately 14.0% of Grandeur Peak Global Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Grandeur Peak Global Advisors LLC owned about 0.08% of Monolithic Power Systems worth $57,682,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MPWR. Transamerica Financial Advisors LLC acquired a new position in Monolithic Power Systems during the 2nd quarter worth approximately $35,000. Danske Bank A S purchased a new stake in Monolithic Power Systems during the second quarter worth $36,000. IFP Advisors Inc boosted its position in shares of Monolithic Power Systems by 171.4% in the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock worth $35,000 after buying an additional 24 shares in the last quarter. Covestor Ltd grew its stake in Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 9 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in Monolithic Power Systems by 233.3% during the 1st quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 28 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Monolithic Power Systems

In related news, Director Kuo Wei Herbert Chang sold 50 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the completion of the transaction, the director owned 515 shares of the company’s stock, valued at $660,008.55. This trade represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the completion of the sale, the executive vice president owned 1,119 shares in the company, valued at $1,503,868.86. The trade was a 2.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 190 shares of company stock worth $261,964. 3.60% of the stock is owned by insiders.

Monolithic Power Systems Stock Performance

Shares of MPWR stock opened at $1,311.08 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 simple moving average is $1,354.21 and its 200-day simple moving average is $1,350.89. The stock has a market capitalization of $64.43 billion, a price-to-earnings ratio of 80.39 and a beta of 1.69.

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

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $8.00 annualized dividend and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 49.05%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MPWR. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. Rosenblatt Securities restated a “neutral” rating and issued a $1,575.00 price objective on shares of Monolithic Power Systems in a research report on Friday, July 31st. Oppenheimer set a $1,700.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 1st. Finally, KeyCorp increased their price objective on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given 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 price target of $1,731.42.

Monolithic Power Systems Company 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.