Sterling Capital Management LLC Sells 1,519 Shares of Monolithic Power Systems, Inc. $MPWR

Sterling Capital Management LLC decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 34.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 2,884 shares of the semiconductor company’s stock after selling 1,519 shares during the period. Sterling Capital Management LLC’s holdings in Monolithic Power Systems were worth $3,885,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Yousif Capital Management LLC raised its position in shares of Monolithic Power Systems by 0.8% in the 3rd quarter. Yousif Capital Management LLC now owns 4,634 shares of the semiconductor company’s stock worth $6,243,000 after acquiring an additional 35 shares in the last quarter. Boomfish Wealth Group LLC boosted its position in shares of Monolithic Power Systems by 74.1% during the third quarter. Boomfish Wealth Group LLC now owns 1,722 shares of the semiconductor company’s stock valued at $2,320,000 after purchasing an additional 733 shares in the last quarter. SeaCrest Wealth Management LLC boosted its position in shares of Monolithic Power Systems by 10.0% during the third quarter. SeaCrest Wealth Management LLC now owns 285 shares of the semiconductor company’s stock valued at $384,000 after purchasing an additional 26 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Monolithic Power Systems during the third quarter valued at approximately $108,000. Finally, Oakmont Investment Advisors Inc. purchased a new stake in Monolithic Power Systems in the third quarter worth $438,000. Institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other news, Director Kuo Wei Chang sold 50 shares of the stock in a transaction that occurred 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 in the company, valued at $660,008.55. This represents a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Maurice Sciammas sold 30 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,343.94, for a total transaction of $40,318.20. Following the sale, the executive vice president owned 1,119 shares in the company, valued at approximately $1,503,868.86. The trade was a 2.61% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 130 shares of company stock worth $175,397. Insiders own 3.60% of the company’s stock.

Monolithic Power Systems Stock Down 2.4%

Shares of MPWR opened at $1,140.12 on Friday. The business’s 50 day moving average price is $1,286.36 and its 200-day moving average price is $1,395.71. Monolithic Power Systems, Inc. has a 52 week low of $833.18 and a 52 week high of $1,714.09. The stock has a market cap of $56.03 billion, a P/E ratio of 69.90 and a beta of 1.68.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, topping 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 company had revenue of $980.64 million for the quarter, compared to the consensus estimate of $903.30 million. During the same quarter in the prior year, the business posted $4.21 EPS. The firm’s quarterly revenue was up 47.6% compared to the same quarter last year. On average, equities analysts anticipate that Monolithic Power Systems, Inc. will post 23.95 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 30th. Monolithic Power Systems’s dividend payout ratio is currently 49.05%.

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of research reports. TD Cowen decreased their price objective on Monolithic Power Systems from $1,850.00 to $1,700.00 and set a “buy” rating for the company in a report on Monday, October 19th. Arete Research assumed coverage on shares of Monolithic Power Systems in a report on Thursday, August 20th. They set a “buy” rating and a $2,013.00 target price on the stock. Zacks Research cut shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. Weiss Ratings raised shares of Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Finally, Needham & Company LLC increased their price target on shares of Monolithic Power Systems from $1,750.00 to $2,000.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,692.64.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc (NASDAQ: MPWR) is a semiconductor company that designs, develops and markets high-performance power-management solutions. Its products help regulate, convert, distribute and control electrical power in electronic systems, supporting applications that require efficient and reliable power delivery.

The company’s portfolio includes integrated circuits, power modules, battery-management products, motor drivers, LED drivers and related analog and mixed-signal semiconductor solutions.