Valeo Financial Advisors LLC lowered its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 14.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 409 shares of the semiconductor company’s stock after selling 70 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Monolithic Power Systems were worth $64,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of MPWR. Pearl River Capital LLC bought a new stake in shares of Monolithic Power Systems during the 2nd quarter valued at about $25,000. Bessemer Group Inc. bought a new stake in shares of Monolithic Power Systems during the 2nd quarter valued at about $33,000. Point72 Asset Management L.P. bought a new stake in shares of Monolithic Power Systems during the 2nd quarter valued at about $41,000. Advisory Services Network LLC boosted its position in shares of Monolithic Power Systems by 36.4% during the 2nd quarter. Advisory Services Network LLC now owns 431 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 115 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Monolithic Power Systems during the 2nd quarter valued at about $103,000. Hedge funds and other institutional investors own 96.40% of the company’s stock.
A number of brokerages have recently issued reports on MPWR. Stifel Nicolaus lifted their price target on Monolithic Power Systems from $172.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. ValuEngine downgraded Monolithic Power Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Loop Capital set a $180.00 price target on Monolithic Power Systems and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, BidaskClub downgraded Monolithic Power Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $155.17.
Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.15). The firm had revenue of $151.00 million for the quarter, compared to analysts’ expectations of $150.56 million. Monolithic Power Systems had a net margin of 17.51% and a return on equity of 16.60%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 earnings per share. Analysts expect that Monolithic Power Systems, Inc. will post 2.52 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, September 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. Monolithic Power Systems’s dividend payout ratio is 66.95%.
In related news, CEO Michael Hsing sold 10,097 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $140.60, for a total transaction of $1,419,638.20. Following the transaction, the chief executive officer now directly owns 1,086,778 shares of the company’s stock, valued at approximately $152,800,986.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Maurice Sciammas sold 29,128 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $155.83, for a total value of $4,539,016.24. Following the transaction, the vice president now directly owns 388,813 shares in the company, valued at $60,588,729.79. The disclosure for this sale can be found here. Over the last three months, insiders have sold 216,464 shares of company stock worth $32,940,527. 3.00% of the stock is currently owned by insiders.
Monolithic Power Systems Profile
Monolithic Power Systems, Inc designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets. It offers direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment.
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