SG Americas Securities LLC Sells 21,380 Shares of Monolithic Power Systems, Inc. $MPWR

SG Americas Securities LLC reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 98.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 338 shares of the semiconductor company’s stock after selling 21,380 shares during the quarter. SG Americas Securities LLC’s holdings in Monolithic Power Systems were worth $311,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MPWR. True Wealth Design LLC grew its stake in Monolithic Power Systems by 61.1% during the third quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company’s stock worth $26,000 after buying an additional 11 shares in the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of Monolithic Power Systems by 2,700.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 27 shares during the period. NewSquare Capital LLC lifted its holdings in shares of Monolithic Power Systems by 76.0% during the 2nd quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 19 shares during the period. Salomon & Ludwin LLC acquired a new stake in shares of Monolithic Power Systems during the 3rd quarter worth approximately $33,000. Finally, Armstrong Advisory Group Inc. increased its stake in Monolithic Power Systems by 192.9% in the third quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 27 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Monolithic Power Systems in a research note on Friday, December 26th. Rosenblatt Securities upped their price objective on Monolithic Power Systems from $800.00 to $950.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. KeyCorp lifted their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Wells Fargo & Company boosted their target price on Monolithic Power Systems from $1,125.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Truist Financial increased their target price on shares of Monolithic Power Systems from $1,163.00 to $1,375.00 and gave the stock a “buy” rating in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $1,093.75.

Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 27,966 shares of the company’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $881.66, for a total value of $24,656,503.56. Following the sale, the executive vice president owned 148,306 shares in the company, valued at approximately $130,755,467.96. The trade was a 15.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Theodore Blegen sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $1,024.43, for a total value of $3,073,290.00. Following the transaction, the chief financial officer owned 74,332 shares of the company’s stock, valued at $76,147,930.76. This trade represents a 3.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 69,976 shares of company stock valued at $63,370,417 over the last 90 days. 3.40% of the stock is owned by corporate insiders.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $1,068.14 on Tuesday. Monolithic Power Systems, Inc. has a one year low of $438.86 and a one year high of $1,123.38. The company has a market cap of $51.17 billion, a PE ratio of 27.28, a P/E/G ratio of 3.00 and a beta of 1.45. The firm’s 50 day simple moving average is $956.93 and its 200 day simple moving average is $908.02.

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

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, December 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 15.93%.

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.