Rathbones Group PLC Sells 606 Shares of Monolithic Power Systems, Inc. $MPWR

Rathbones Group PLC lowered its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 10.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,929 shares of the semiconductor company’s stock after selling 606 shares during the quarter. Rathbones Group PLC’s holdings in Monolithic Power Systems were worth $5,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in Monolithic Power Systems by 46.0% in the fourth quarter. Brighton Jones LLC now owns 635 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 200 shares during the period. Empowered Funds LLC lifted its holdings in Monolithic Power Systems by 3.1% during the 1st quarter. Empowered Funds LLC now owns 5,325 shares of the semiconductor company’s stock worth $3,088,000 after buying an additional 161 shares during the period. NewEdge Advisors LLC grew its position in shares of Monolithic Power Systems by 3.5% in the 2nd quarter. NewEdge Advisors LLC now owns 9,383 shares of the semiconductor company’s stock valued at $6,863,000 after buying an additional 314 shares during the last quarter. Treasurer of the State of North Carolina grew its position in shares of Monolithic Power Systems by 35.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 35,789 shares of the semiconductor company’s stock valued at $26,175,000 after buying an additional 9,315 shares during the last quarter. Finally, Globeflex Capital L P acquired a new stake in shares of Monolithic Power Systems in the second quarter valued at about $347,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

Shares of Monolithic Power Systems stock opened at $1,344.37 on Tuesday. The stock’s 50-day moving average is $1,435.67 and its 200 day moving average is $1,319.26. Monolithic Power Systems, Inc. has a one year low of $774.14 and a one year high of $1,714.09. The firm has a market cap of $66.05 billion, a price-to-earnings ratio of 82.43 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping analysts’ consensus estimates of $5.87 by $0.63. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.The business had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. During the same period in the previous year, the company posted $4.21 earnings per share. The firm’s revenue for the quarter was up 47.6% on a year-over-year basis. On average, sell-side analysts expect that Monolithic Power Systems, Inc. will post 20.2 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $2.00 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s payout ratio is currently 49.05%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. KeyCorp lifted their price objective on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research note on Friday. TD Cowen increased their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Citigroup restated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Truist Financial boosted their price target on shares of Monolithic Power Systems from $1,805.00 to $1,889.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Oppenheimer set a $1,700.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,705.82.

Insider Activity at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $1,561.40, for a total transaction of $18,736,800.00. Following the transaction, the executive vice president directly owned 166,644 shares of the company’s stock, valued at $260,197,941.60. This represents a 6.72% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deming Xiao sold 30,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,654.55, for a total transaction of $49,636,500.00. Following the completion of the sale, the executive vice president owned 205,959 shares of the company’s stock, valued at $340,769,463.45. The trade was a 12.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 67,946 shares of company stock worth $110,443,715 over the last ninety days. 3.60% of the stock is owned by corporate insiders.

Monolithic Power Systems 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.