Groupe la Francaise Has $3.72 Million Position in Monolithic Power Systems, Inc. $MPWR

Groupe la Francaise lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 32.6% during the second quarter, Holdings Channel.com reports. The fund owned 2,692 shares of the semiconductor company’s stock after selling 1,300 shares during the period. Groupe la Francaise’s holdings in Monolithic Power Systems were worth $3,721,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Transamerica Financial Advisors LLC acquired a new stake in shares of Monolithic Power Systems during the 2nd quarter worth $35,000. IFP Advisors Inc raised its stake in Monolithic Power Systems by 171.4% in the third quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 24 shares in the last quarter. Covestor Ltd raised its stake in Monolithic Power Systems by 29.0% in 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. Danske Bank A S bought a new stake in Monolithic Power Systems during the second quarter worth about $36,000. Finally, Greenline Wealth Management LLC bought a new stake in Monolithic Power Systems during the fourth quarter worth about $38,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Monolithic Power Systems news, Director Kuo Wei Chang sold 50 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1,281.57, for a total transaction of $64,078.50. Following the sale, the director owned 515 shares of the company’s stock, valued at approximately $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the transaction, the executive vice president owned 1,119 shares of the company’s stock, valued at $1,503,868.86. This trade represents a 2.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 160 shares of company stock worth $215,945. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on MPWR. Zacks Research raised shares of Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 18th. Arete Research set a $2,013.00 price target on shares of Monolithic Power Systems and gave the stock a “buy” rating in a research report on Thursday, August 20th. Wall Street Zen raised shares of Monolithic Power Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Needham & Company LLC boosted their price objective on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Rosenblatt Securities restated a “neutral” rating and set a $1,575.00 target price on shares of Monolithic Power Systems in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Monolithic Power Systems has a consensus rating of “Moderate Buy” and an average price target of $1,731.42.

Monolithic Power Systems Stock Performance

MPWR stock opened at $1,223.86 on Tuesday. The firm has a 50-day moving average price of $1,326.35 and a 200-day moving average price of $1,353.81. Monolithic Power Systems, Inc. has a 12 month low of $830.00 and a 12 month high of $1,714.09. The stock has a market capitalization of $60.14 billion, a P/E ratio of 75.04 and a beta of 1.66.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.87 by $0.63. The company had revenue of $980.64 million for the quarter, compared to analyst estimates of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The firm’s revenue was up 47.6% on a year-over-year basis. During the same period in the previous year, the firm posted $4.21 EPS. As a group, equities analysts predict that Monolithic Power Systems, Inc. will post 23.35 EPS for the current fiscal year.

Monolithic Power Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $2.00 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 49.05%.

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.