Sheets Smith Investment Management Acquires Shares of 1,451 Monolithic Power Systems, Inc. $MPWR

Sheets Smith Investment Management bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,451 shares of the semiconductor company’s stock, valued at approximately $1,336,000.

Several other institutional investors have also bought and sold shares of MPWR. BLB&B Advisors LLC increased its position in shares of Monolithic Power Systems by 9.1% during the 2nd quarter. BLB&B Advisors LLC now owns 9,205 shares of the semiconductor company’s stock worth $6,732,000 after purchasing an additional 768 shares in the last quarter. Level Four Advisory Services LLC boosted its position in Monolithic Power Systems by 9.7% in the first quarter. Level Four Advisory Services LLC now owns 9,332 shares of the semiconductor company’s stock valued at $5,413,000 after buying an additional 823 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Monolithic Power Systems by 87.9% in the first quarter. BNP Paribas Financial Markets now owns 284,097 shares of the semiconductor company’s stock valued at $164,771,000 after buying an additional 132,880 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Monolithic Power Systems by 35.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,002 shares of the semiconductor company’s stock worth $6,585,000 after buying an additional 2,379 shares during the last quarter. Finally, Summit Place Financial Advisors LLC acquired a new stake in shares of Monolithic Power Systems during the second quarter worth approximately $1,027,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 27,966 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $881.66, for a total value of $24,656,503.56. Following the transaction, the executive vice president directly owned 148,306 shares of the company’s stock, valued at approximately $130,755,467.96. This trade represents a 15.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Saria Tseng sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $926.47, for a total transaction of $18,529,400.00. Following the sale, the executive vice president owned 187,331 shares of the company’s stock, valued at $173,556,551.57. The trade was a 9.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 86,516 shares of company stock valued at $80,331,635. 3.40% of the stock is currently owned by insiders.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $929.48 on Friday. The business’s fifty day moving average price is $967.76 and its two-hundred day moving average price is $856.17. The firm has a market capitalization of $44.53 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 3.08 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.

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

Monolithic Power Systems Announces Dividend

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 given a dividend of $1.56 per share. The ex-dividend date is Wednesday, December 31st. This represents a $6.24 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems’s dividend payout ratio is presently 15.93%.

Wall Street Analysts Forecast Growth

MPWR has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Monolithic Power Systems in a report on Wednesday, October 8th. Wells Fargo & Company raised their price target on Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $820.00 to $1,025.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Wolfe Research set a $1,200.00 target price on Monolithic Power Systems and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Finally, Cowen restated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,047.27.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.