Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC trimmed its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 40.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,427 shares of the semiconductor company’s stock after selling 3,049 shares during the quarter. Monolithic Power Systems makes up 2.0% of Taylor Frigon Capital Management LLC’s investment portfolio, making the stock its 6th largest position. Taylor Frigon Capital Management LLC’s holdings in Monolithic Power Systems were worth $4,093,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets raised its stake in Monolithic Power Systems by 95.1% in the first quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock valued at $206,712,000 after buying an additional 148,771 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Monolithic Power Systems by 311.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company’s stock valued at $153,319,000 after acquiring an additional 141,277 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Monolithic Power Systems by 1,947.1% during the second quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company’s stock worth $117,826,000 after purchasing an additional 136,391 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Monolithic Power Systems by 92,842.9% in the third quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company’s stock valued at $114,281,000 after purchasing an additional 123,481 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Monolithic Power Systems by 952.2% in the first quarter. SG Americas Securities LLC now owns 93,101 shares of the semiconductor company’s stock valued at $63,068,000 after purchasing an additional 84,253 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Up 1.8 %

Shares of NASDAQ MPWR traded up $16.04 during mid-day trading on Thursday, hitting $899.68. 118,255 shares of the company were exchanged, compared to its average volume of 526,267. The stock has a 50 day simple moving average of $904.77 and a 200-day simple moving average of $813.86. Monolithic Power Systems, Inc. has a 1-year low of $392.10 and a 1-year high of $959.64. The firm has a market cap of $43.80 billion, a price-to-earnings ratio of 105.32, a price-to-earnings-growth ratio of 4.33 and a beta of 1.11.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.07 by $0.10. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The firm had revenue of $507.40 million during the quarter, compared to analysts’ expectations of $490.66 million. During the same period in the prior year, the company posted $2.05 earnings per share. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. Analysts anticipate that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.56%. The ex-dividend date was Monday, September 30th. Monolithic Power Systems’s payout ratio is 59.59%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MPWR. Rosenblatt Securities boosted their price objective on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Raymond James lifted their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Needham & Company LLC raised their price target on Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Finally, TD Cowen raised Monolithic Power Systems to a “strong-buy” rating in a research report on Monday, September 16th. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $959.90.

Insider Buying and Selling at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 11,000 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $929.59, for a total transaction of $10,225,490.00. Following the transaction, the executive vice president now directly owns 103,829 shares of the company’s stock, valued at $96,518,400.11. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Deming Xiao sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $950.00, for a total value of $9,500,000.00. Following the sale, the executive vice president now owns 29,714 shares in the company, valued at $28,228,300. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $929.59, for a total value of $10,225,490.00. Following the completion of the transaction, the executive vice president now directly owns 103,829 shares of the company’s stock, valued at $96,518,400.11. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,136 shares of company stock valued at $38,591,228. 3.20% of the stock is owned by company insiders.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.