Sapient Capital LLC Trims Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Sapient Capital LLC lessened its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,031 shares of the semiconductor company’s stock after selling 893 shares during the quarter. Sapient Capital LLC owned 0.08% of Monolithic Power Systems worth $32,077,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. WPG Advisers LLC purchased a new stake in Monolithic Power Systems in the first quarter valued at approximately $27,000. NewSquare Capital LLC raised its position in Monolithic Power Systems by 76.0% during the 2nd quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after buying an additional 19 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in Monolithic Power Systems during the 2nd quarter valued at approximately $36,000. Armstrong Advisory Group Inc. boosted its holdings in shares of Monolithic Power Systems by 192.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 27 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in shares of Monolithic Power Systems by 306.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 65 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 49 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 3,976 shares of Monolithic Power Systems stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $895.23, for a total value of $3,559,434.48. Following the sale, the executive vice president owned 144,330 shares in the company, valued at $129,208,545.90. This trade represents a 2.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $896.97, for a total transaction of $89,697.00. Following the completion of the sale, the director owned 426 shares in the company, valued at approximately $382,109.22. This trade represents a 19.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 86,516 shares of company stock worth $80,331,635 over the last 90 days. 3.40% of the stock is owned by insiders.

Monolithic Power Systems Stock Down 0.7%

NASDAQ:MPWR opened at $946.32 on Friday. Monolithic Power Systems, Inc. has a 52 week low of $438.86 and a 52 week high of $1,123.38. The stock has a market capitalization of $45.34 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 3.20 and a beta of 1.47. The stock’s 50-day moving average price is $963.45 and its 200-day moving average price is $867.91.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, topping analysts’ consensus estimates of $4.62 by $0.11. The company had revenue of $737.18 million during the quarter, compared to analysts’ expectations of $720.66 million. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.Monolithic Power Systems’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.06 EPS. Sell-side analysts expect that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $1.56 per share. The ex-dividend date is Wednesday, December 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.7%. Monolithic Power Systems’s dividend payout ratio (DPR) is 15.93%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MPWR. Stifel Nicolaus raised their target price on shares of Monolithic Power Systems from $930.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Wolfe Research set a $1,200.00 price objective on Monolithic Power Systems and gave the company an “outperform” rating in a report on Tuesday, October 14th. TD Cowen raised their target price on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Friday, October 31st. KeyCorp lifted their price target on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Monolithic Power Systems in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,074.58.

Monolithic Power Systems Company 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.