Mitchell Capital Management Co. Sells 1,424 Shares of Monolithic Power Systems, Inc. $MPWR

Mitchell Capital Management Co. reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 26.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,961 shares of the semiconductor company’s stock after selling 1,424 shares during the quarter. Mitchell Capital Management Co.’s holdings in Monolithic Power Systems were worth $5,476,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Royal Fund Management LLC boosted its holdings in Monolithic Power Systems by 2.7% during the 1st quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company’s stock worth $289,000 after acquiring an additional 7 shares during the last quarter. Covestor Ltd lifted 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 purchasing an additional 9 shares in the last quarter. Bell Investment Advisors Inc boosted its holdings in Monolithic Power Systems by 23.7% during the first quarter. Bell Investment Advisors Inc now owns 47 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 9 shares during the last quarter. Resonant Capital Advisors LLC grew its position in Monolithic Power Systems by 4.1% in the 4th quarter. Resonant Capital Advisors LLC now owns 253 shares of the semiconductor company’s stock worth $230,000 after purchasing an additional 10 shares in the last quarter. Finally, CENTRAL TRUST Co grew its position in Monolithic Power Systems by 1.4% in the 1st quarter. CENTRAL TRUST Co now owns 701 shares of the semiconductor company’s stock worth $766,000 after purchasing an additional 10 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MPWR has been the topic of several recent analyst reports. TD Cowen lifted 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 research report on Friday, May 1st. Weiss Ratings downgraded Monolithic Power Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Oppenheimer set a $1,700.00 price target on Monolithic Power Systems in a report on Friday, May 1st. Zacks Research upgraded Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 18th. Finally, KeyCorp lifted their target price 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, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,705.82.

Monolithic Power Systems Stock Up 2.9%

Shares of NASDAQ MPWR opened at $1,402.01 on Friday. The company has a market cap of $68.90 billion, a P/E ratio of 85.96 and a beta of 1.69. Monolithic Power Systems, Inc. has a 52 week low of $800.97 and a 52 week high of $1,714.09. The business has a 50-day simple moving average of $1,394.48 and a two-hundred day simple moving average of $1,338.74.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $980.64 million for the quarter, compared to analysts’ expectations of $903.30 million. During the same period in the prior year, the business posted $4.21 earnings per share. The company’s revenue was up 47.6% on a year-over-year basis. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 23.35 EPS for the current year.

Monolithic Power Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s dividend payout ratio is 49.05%.

Insider Activity

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 50 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,420.00, for a total value of $71,000.00. Following the sale, the director directly owned 565 shares in the company, valued at $802,300. This represents a 8.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeff Zhou sold 486 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $1,680.00, for a total transaction of $816,480.00. Following the completion of the transaction, the director directly owned 3,800 shares of the company’s stock, valued at approximately $6,384,000. The trade was a 11.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 13,191 shares of company stock valued at $21,807,015. 3.60% of the stock is owned by company insiders.

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.