Vantage Investment Partners LLC Decreases Stock Position in Monolithic Power Systems, Inc. $MPWR

Vantage Investment Partners LLC cut its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 13.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 8,715 shares of the semiconductor company’s stock after selling 1,382 shares during the period. Vantage Investment Partners LLC’s holdings in Monolithic Power Systems were worth $9,529,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Monolithic Power Systems in the 4th quarter worth $34,000. IFP Advisors Inc boosted its position in shares of Monolithic Power Systems by 171.4% during the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 24 shares during the last quarter. Covestor Ltd boosted its position in shares of Monolithic Power Systems by 29.0% during the fourth quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 9 shares during the last quarter. Greenline Wealth Management LLC bought a new stake in Monolithic Power Systems in the 4th quarter worth about $38,000. Finally, Torren Management LLC bought a new stake in Monolithic Power Systems in the 4th quarter worth about $49,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, Director Eugen J. Elmiger sold 12,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,584.96, for a total value of $19,019,520.00. Following the transaction, the director directly owned 5,402 shares in the company, valued at approximately $8,561,953.92. This trade represents a 68.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1,351.61, for a total transaction of $40,548.30. Following the transaction, the executive vice president owned 1,149 shares in the company, valued at $1,552,999.89. This represents a 2.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 69,370 shares of company stock valued at $112,702,503 in the last quarter. Insiders own 3.60% of the company’s stock.

Monolithic Power Systems Trading Down 1.6%

MPWR stock traded down $21.39 during trading on Friday, reaching $1,352.74. The stock had a trading volume of 577,477 shares, compared to its average volume of 1,133,119. The firm has a market cap of $66.46 billion, a PE ratio of 97.53, a PEG ratio of 2.42 and a beta of 1.71. The stock’s 50 day moving average is $1,514.02 and its two-hundred day moving average is $1,272.93. Monolithic Power Systems, Inc. has a 52 week low of $686.87 and a 52 week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The firm had revenue of $804.19 million during the quarter, compared to analyst estimates of $781.93 million. During the same quarter in the prior year, the firm earned $4.04 EPS. The business’s revenue for the quarter was up 26.1% compared to the same quarter last year. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, June 30th. Monolithic Power Systems’s payout ratio is 57.68%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MPWR shares. Needham & Company LLC upped their target price on shares of Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Raymond James Financial reissued an “outperform” rating and set a $1,800.00 price objective on shares of Monolithic Power Systems in a report on Friday, May 1st. Stifel Nicolaus increased their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. TD Cowen raised their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus price target of $1,599.17.

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.