Sanctuary Advisors LLC Lowers Position in Monolithic Power Systems, Inc. $MPWR

Sanctuary Advisors LLC trimmed its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 3.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 16,406 shares of the semiconductor company’s stock after selling 658 shares during the period. Sanctuary Advisors LLC’s holdings in Monolithic Power Systems were worth $17,938,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Covestor Ltd raised its position in shares of Monolithic Power Systems by 29.0% in the 4th quarter. Covestor Ltd now owns 40 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 9 shares in the last quarter. Bell Investment Advisors Inc boosted its position in shares of Monolithic Power Systems by 23.7% during the first quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 9 shares in the last quarter. Resonant Capital Advisors LLC boosted its position in shares of Monolithic Power Systems by 4.1% during the fourth quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock valued at $230,000 after purchasing an additional 10 shares in the last quarter. CENTRAL TRUST Co grew its stake in Monolithic Power Systems by 1.4% in the first quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company’s stock worth $766,000 after purchasing an additional 10 shares during the period. Finally, YANKCOM Partnership grew its stake in Monolithic Power Systems by 6.7% in the fourth quarter. YANKCOM Partnership now owns 176 shares of the semiconductor company’s stock worth $160,000 after purchasing an additional 11 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Down 1.7%

MPWR stock opened at $1,352.66 on Thursday. The business has a 50 day moving average of $1,497.32 and a 200 day moving average of $1,283.48. The firm has a market cap of $66.46 billion, a PE ratio of 97.52, a price-to-earnings-growth ratio of 2.46 and a beta of 1.71. Monolithic Power Systems, Inc. has a twelve month low of $686.87 and a twelve month high of $1,714.09.

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

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is currently 57.68%.

Insider Activity

In other Monolithic Power Systems news, Director Jeff Zhou sold 486 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the sale, the director directly owned 3,800 shares in the company, valued at approximately $6,384,000. This trade represents a 11.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 30,000 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the completion of the sale, the executive vice president directly owned 205,959 shares of the company’s stock, valued at approximately $340,769,463.45. The trade was a 12.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 69,370 shares of company stock valued at $112,702,503. Company insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Weiss Ratings upgraded Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Raymond James Financial reaffirmed an “outperform” rating and issued a $1,800.00 target price on shares of Monolithic Power Systems in a research report on Friday, May 1st. Zacks Research upgraded shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. Wells Fargo & Company lifted their price target on shares of Monolithic Power Systems from $1,650.00 to $1,860.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, TD Cowen boosted their price objective on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.