Monolithic Power Systems, Inc. $MPWR Stock Sold by Sterling Capital Management LLC

Sterling Capital Management LLC decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 34.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,884 shares of the semiconductor company’s stock after selling 1,519 shares during the quarter. Sterling Capital Management LLC’s holdings in Monolithic Power Systems were worth $3,885,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Monolithic Power Systems during the 2nd quarter valued at about $7,727,289,000. Bank of America Corp DE bought a new position in shares of Monolithic Power Systems in the 2nd quarter worth approximately $741,271,000. Legal & General Group Plc bought a new position in shares of Monolithic Power Systems in the 2nd quarter worth approximately $497,561,000. Royal Bank of Canada boosted its holdings in shares of Monolithic Power Systems by 168.1% in the first quarter. Royal Bank of Canada now owns 473,368 shares of the semiconductor company’s stock worth $517,557,000 after buying an additional 296,788 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Monolithic Power Systems in the second quarter worth approximately $402,414,000. Institutional investors own 93.46% of the company’s stock.

Insider Transactions at Monolithic Power Systems

In related news, Director Kuo Wei Chang sold 50 shares of Monolithic Power Systems stock in a transaction that occurred on 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 sale, the director owned 515 shares of the company’s stock, valued at approximately $660,008.55. This trade represents a 8.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total value of $40,318.20. Following the sale, the executive vice president directly owned 1,119 shares in the company, valued at $1,503,868.86. This trade represents a 2.61% decrease in their position. 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. In the last ninety days, insiders sold 130 shares of company stock valued at $175,397. Corporate insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Performance

MPWR opened at $1,140.12 on Friday. The stock has a market cap of $56.03 billion, a price-to-earnings ratio of 69.90 and a beta of 1.68. The firm’s fifty day moving average is $1,286.36 and its 200 day moving average is $1,395.71. Monolithic Power Systems, Inc. has a fifty-two week low of $833.18 and a fifty-two week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.63. The business had revenue of $980.64 million during the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%. Monolithic Power Systems’s revenue for the quarter was up 47.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.21 EPS. On average, equities research analysts predict that Monolithic Power Systems, Inc. will post 23.95 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $2.00 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is 49.05%.

Wall Street Analyst Weigh In

MPWR has been the subject of several recent research reports. Zacks Research lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. TD Cowen decreased their price target on shares of Monolithic Power Systems from $1,850.00 to $1,700.00 and set a “buy” rating on the stock in a research report on Monday, October 19th. Wells Fargo & Company decreased their price target on shares of Monolithic Power Systems from $1,800.00 to $1,550.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,692.64.

About Monolithic Power Systems

Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help regulate, convert, distribute and control electrical power in electronic systems, supporting applications that require efficient and reliable power delivery.

The company’s portfolio includes integrated circuits, power modules, battery-management products, motor drivers, LED drivers and related analog and mixed-signal semiconductor solutions.