1,147 Monolithic Power Systems, Inc. $MPWR Shares Sold by Brookstone Capital Management

Key Points

• Brookstone Capital Management cut its Monolithic Power Systems stake by 52.1% in the third quarter, selling 1,147 shares and retaining 1,056 shares valued at approximately $1.42 million. Institutional investors still own 93.46% of MPWR.
• MPWR reported quarterly earnings of $6.50 per share, beating estimates of $5.87, while revenue rose 47.6% year over year to $980.64 million. Analysts maintain a “Moderate Buy” consensus, with an average price target of $1,692.64.
• Company insiders sold 130 shares worth about $175,397 over the past 90 days, while lawsuits and investigations into alleged fiduciary-duty and securities-law violations add potential legal and reputational risks.

Brookstone Capital Management reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 52.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,056 shares of the semiconductor company's stock after selling 1,147 shares during the period. Brookstone Capital Management's holdings in Monolithic Power Systems were worth $1,423,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MPWR. SeaCrest Wealth Management LLC lifted its holdings in Monolithic Power Systems by 10.0% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 285 shares of the semiconductor company's stock worth $384,000 after buying an additional 26 shares during the period. Root Financial Partners LLC purchased a new position in shares of Monolithic Power Systems during the third quarter valued at approximately $108,000. Oakmont Investment Advisors Inc. purchased a new position in shares of Monolithic Power Systems during the third quarter valued at approximately $438,000. Axxcess Wealth Management LLC bought a new position in shares of Monolithic Power Systems during the third quarter valued at approximately $406,000. Finally, Pinnacle Associates Ltd. raised its holdings in shares of Monolithic Power Systems by 4.0% during the third quarter. Pinnacle Associates Ltd. now owns 258 shares of the semiconductor company's stock valued at $348,000 after acquiring an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Buying and Selling at Monolithic Power Systems

In other news, Director Kuo Wei Chang sold 50 shares of Monolithic Power Systems 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 value of $64,078.50. Following the completion of the sale, the director directly owned 515 shares in the company, valued at $660,008.55. The trade was a 8.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Maurice Sciammas sold 30 shares of the business's 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 transaction, the executive vice president directly owned 1,119 shares of the company's stock, valued at $1,503,868.86. The trade was 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. Insiders have sold 130 shares of company stock worth $175,397 over the last ninety days. 3.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Arete Research initiated coverage on Monolithic Power Systems in a research note on Thursday, August 20th. They issued a "buy" rating and a $2,013.00 price target for the company. Raymond James Financial reissued an "outperform" rating on shares of Monolithic Power Systems in a research note on Wednesday, August 12th. KeyCorp increased their price target on shares of Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $1,575.00 price target on shares of Monolithic Power Systems in a research note on Friday, July 31st. Finally, 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. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,692.64.

Monolithic Power Systems Trading Up 2.4%

NASDAQ MPWR opened at $1,167.27 on Tuesday. Monolithic Power Systems, Inc. has a 12 month low of $833.18 and a 12 month high of $1,714.09. The stock has a market cap of $57.36 billion, a P/E ratio of 68.27 and a beta of 1.68. The stock's fifty day moving average price is $1,285.22 and its 200-day moving average price is $1,305.36.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $6.50 earnings per share for the quarter, beating 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 firm had revenue of $980.64 million during the quarter, compared to the consensus estimate of $903.30 million. During the same period last year, the company earned $4.21 earnings per share. The company's revenue was up 47.6% on a year-over-year basis. As a group, analysts forecast that Monolithic Power Systems, Inc. will post 23.95 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems's dividend payout ratio (DPR) is 49.05%.

Key Stories Impacting Monolithic Power Systems

Here are the key news stories impacting Monolithic Power Systems this week:

• Positive Sentiment: Analysts expect strong third-quarter results, driven by continued artificial-intelligence data-center demand, improving revenue expectations and growth across several business segments. The outlook builds on the company’s previous quarterly performance, when revenue rose 47.6% year over year and earnings exceeded consensus estimates. Can Healthy Top-Line Growth Benefit Monolithic Power’s Q3 Earnings?
• Positive Sentiment: Wall Street Zen upgraded MPWR to “Buy,” while the stock’s consensus price target was reported at $1,735.50. These recommendations indicate that some analysts see upside from current valuation levels, although the target is not a guarantee of future performance. Monolithic Power Systems Raised to Buy at Wall Street Zen Monolithic Power Systems Has Consensus Target Price of $1,735.50
• Neutral Sentiment: Reported short interest was zero shares, implying no measurable short-squeeze pressure. The figure may reflect a data or reporting anomaly, so it provides limited insight into investor positioning.
• Negative Sentiment: Rosen Law Firm announced an investigation into possible breaches of fiduciary duties by MPWR’s directors and officers. The development could increase legal costs, reputational risk and uncertainty for shareholders. Rosen Law Firm Announces Investigation
• Negative Sentiment: Schubert Jonckheer & Kolbe said it is investigating possible wrongdoing after a 30% stock decline and court rulings allowed key claims in a securities-fraud lawsuit against Monolithic Power, its CEO and former CFO to proceed. This adds an overhang ahead of the earnings report. Schubert Jonckheer Investor Reminder

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.

Want to see what other hedge funds are holding MPWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.