Monolithic Power Systems, Inc. (MPWR) Shares Sold by LS Investment Advisors LLC

LS Investment Advisors LLC lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 15.1% in the 4th quarter, Holdings Channel reports. The firm owned 3,413 shares of the semiconductor company’s stock after selling 605 shares during the period. LS Investment Advisors LLC’s holdings in Monolithic Power Systems were worth $383,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp raised its position in shares of Monolithic Power Systems by 3.7% during the 2nd quarter. State Street Corp now owns 1,362,561 shares of the semiconductor company’s stock worth $131,351,000 after purchasing an additional 48,013 shares during the last quarter. Frontier Capital Management Co. LLC raised its position in shares of Monolithic Power Systems by 4.1% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,210,304 shares of the semiconductor company’s stock worth $128,958,000 after purchasing an additional 47,751 shares during the last quarter. Earnest Partners LLC raised its position in shares of Monolithic Power Systems by 0.4% during the 3rd quarter. Earnest Partners LLC now owns 988,379 shares of the semiconductor company’s stock worth $105,312,000 after purchasing an additional 3,973 shares during the last quarter. Congress Asset Management Co. MA raised its position in shares of Monolithic Power Systems by 1.1% during the 4th quarter. Congress Asset Management Co. MA now owns 801,226 shares of the semiconductor company’s stock worth $90,026,000 after purchasing an additional 9,068 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Monolithic Power Systems by 9.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 349,139 shares of the semiconductor company’s stock worth $37,159,000 after purchasing an additional 28,997 shares during the last quarter. Hedge funds and other institutional investors own 90.83% of the company’s stock.

In other news, VP Saria Tseng sold 4,998 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $125.62, for a total value of $627,848.76. Following the completion of the sale, the vice president now owns 266,726 shares of the company’s stock, valued at approximately $33,506,120.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael Hsing sold 96,181 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $108.19, for a total transaction of $10,405,822.39. Following the completion of the sale, the chief executive officer now directly owns 1,318,001 shares of the company’s stock, valued at approximately $142,594,528.19. The disclosure for this sale can be found here. In the last quarter, insiders sold 246,267 shares of company stock valued at $27,253,427. 4.00% of the stock is owned by insiders.

Shares of Monolithic Power Systems, Inc. (MPWR) opened at $117.00 on Monday. The company has a market cap of $4,868.84, a PE ratio of 63.93, a price-to-earnings-growth ratio of 2.46 and a beta of 1.27. Monolithic Power Systems, Inc. has a 1-year low of $85.02 and a 1-year high of $126.80.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. The company had revenue of $129.43 million during the quarter, compared to the consensus estimate of $126.19 million. Monolithic Power Systems had a net margin of 13.85% and a return on equity of 16.51%. Monolithic Power Systems’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS. research analysts expect that Monolithic Power Systems, Inc. will post 2.64 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be issued a $0.30 dividend. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, March 28th. This represents a $1.20 dividend on an annualized basis and a yield of 1.03%. Monolithic Power Systems’s dividend payout ratio is presently 53.69%.

MPWR has been the subject of several research analyst reports. KeyCorp restated a “buy” rating and set a $125.00 price target on shares of Monolithic Power Systems in a research report on Friday, October 27th. Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $117.00 to $126.00 and gave the company a “buy” rating in a report on Friday, October 27th. Deutsche Bank increased their price objective on shares of Monolithic Power Systems from $110.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. BidaskClub upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Finally, Zacks Investment Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 27th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $129.25.

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Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc designs, develops and markets integrated power semiconductor solutions and power delivery architectures. The Company operates in the design, development, marketing and sale of power solutions for the communications, storage and computing, consumer and industrial markets segment.

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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