Perpetual Ltd Lowers Position in Monolithic Power Systems, Inc. $MPWR

Perpetual Ltd trimmed its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 64.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,967 shares of the semiconductor company’s stock after selling 3,594 shares during the quarter. Perpetual Ltd’s holdings in Monolithic Power Systems were worth $1,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Sunflower Bank N.A. bought a new position in shares of Monolithic Power Systems during the third quarter valued at about $210,000. Lifestyle Asset Management Inc. increased its stake in Monolithic Power Systems by 13.7% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 1,917 shares of the semiconductor company’s stock valued at $1,765,000 after buying an additional 231 shares during the last quarter. Zevenbergen Capital Investments LLC increased its stake in Monolithic Power Systems by 76.0% in the 3rd quarter. Zevenbergen Capital Investments LLC now owns 74,668 shares of the semiconductor company’s stock valued at $68,742,000 after buying an additional 32,240 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of Monolithic Power Systems by 57.5% during the 3rd quarter. Voya Investment Management LLC now owns 359,312 shares of the semiconductor company’s stock worth $330,797,000 after buying an additional 131,177 shares in the last quarter. Finally, Sheets Smith Investment Management purchased a new position in shares of Monolithic Power Systems in the 3rd quarter worth approximately $1,336,000. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Performance

Shares of Monolithic Power Systems stock opened at $937.11 on Friday. The stock has a market capitalization of $44.90 billion, a P/E ratio of 23.93, a P/E/G ratio of 3.17 and a beta of 1.47. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $1,123.38. The stock’s 50-day simple moving average is $968.42 and its 200 day simple moving average is $859.24.

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

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $1.56 per share. 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 payout ratio is presently 15.93%.

Insider Buying and Selling

In related news, CFO Theodore Blegen sold 3,000 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $908.21, for a total transaction of $2,724,630.00. Following the sale, the chief financial officer owned 71,332 shares of the company’s stock, valued at approximately $64,784,435.72. This represents a 4.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $896.97, for a total value of $89,697.00. Following the completion of the transaction, the director owned 426 shares of the company’s stock, valued at approximately $382,109.22. This represents a 19.01% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 86,516 shares of company stock worth $80,331,635. Insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Stifel Nicolaus boosted their price target on shares of Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, October 17th. TD Cowen increased their price target on shares of Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Friday, October 31st. KeyCorp lifted their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, Cowen reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, October 31st. One 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,074.58.

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.