RDA Financial Network Lowers Stock Holdings in Monolithic Power Systems, Inc. $MPWR

RDA Financial Network lessened its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 33.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 889 shares of the semiconductor company’s stock after selling 448 shares during the period. RDA Financial Network’s holdings in Monolithic Power Systems were worth $1,229,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp lifted its position in Monolithic Power Systems by 2.1% during the 4th quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company’s stock worth $1,979,610,000 after acquiring an additional 45,715 shares during the period. Corient Private Wealth LLC increased its holdings in shares of Monolithic Power Systems by 3,719.6% in the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after purchasing an additional 1,993,576 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Monolithic Power Systems by 7.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,691,394 shares of the semiconductor company’s stock worth $1,533,013,000 after purchasing an additional 117,596 shares during the last quarter. Invesco Ltd. raised its stake in shares of Monolithic Power Systems by 25.9% during the fourth quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock worth $1,300,345,000 after purchasing an additional 295,556 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Monolithic Power Systems by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 1,382,280 shares of the semiconductor company’s stock worth $1,248,436,000 after purchasing an additional 44,583 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $1,800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, May 1st. TD Cowen raised their target price on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Citigroup reaffirmed a “buy” rating on shares of Monolithic Power Systems in a report on Friday, May 1st. Needham & Company LLC boosted 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. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $1,575.00 price target on shares of Monolithic Power Systems in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Monolithic Power Systems presently has an average rating of “Moderate Buy” and a consensus price target of $1,705.82.

Insider Buying and Selling at Monolithic Power Systems

In related news, Director Jeff Zhou sold 500 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $1,650.00, for a total value of $825,000.00. Following the sale, the director directly owned 4,286 shares in the company, valued at $7,071,900. The trade was a 10.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 12,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $1,561.40, for a total transaction of $18,736,800.00. Following the completion of the sale, the executive vice president directly owned 166,644 shares in the company, valued at approximately $260,197,941.60. The trade was a 6.72% decrease in their ownership of the stock. 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 ninety days, insiders have sold 67,946 shares of company stock worth $110,443,715. Insiders own 3.60% of the company’s stock.

Monolithic Power Systems Price Performance

MPWR opened at $1,344.37 on Tuesday. Monolithic Power Systems, Inc. has a 1-year low of $774.14 and a 1-year high of $1,714.09. The stock has a market cap of $66.05 billion, a P/E ratio of 82.43 and a beta of 1.69. The stock’s 50 day simple moving average is $1,435.67 and its 200 day simple moving average is $1,319.26.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.63. The firm had revenue of $980.64 million during the quarter, compared to analysts’ expectations of $903.30 million. Monolithic Power Systems had a return on equity of 22.31% and a net margin of 24.41%.Monolithic Power Systems’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 earnings per share. Research analysts expect that Monolithic Power Systems, Inc. will post 20.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Monolithic Power Systems’s payout ratio is 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.