1,903 Monolithic Power Systems, Inc. $MPWR Shares Sold by QRG Capital Management Inc.

Key Points

• QRG Capital Management cut its Monolithic Power Systems stake by 29.3%, selling 1,903 shares and retaining 4,590 shares valued at $6.35 million. Institutional investors still own 93.46% of MPWR.
• Monolithic Power Systems reported strong quarterly results, with EPS of $6.50 versus a $5.87 estimate and revenue of $980.64 million, up 47.6% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $1,731.42.
• The company declared a quarterly dividend of $2.00 per share, equivalent to $8.00 annually and a 0.6% yield. Meanwhile, insiders sold 160 shares worth approximately $215,945 over the past three months.

QRG Capital Management Inc. lowered its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 29.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,590 shares of the semiconductor company's stock after selling 1,903 shares during the period. QRG Capital Management Inc.'s holdings in Monolithic Power Systems were worth $6,345,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MPWR. Transamerica Financial Advisors LLC bought a new stake in Monolithic Power Systems during the second quarter worth approximately $35,000. Danske Bank A S acquired a new position in Monolithic Power Systems in the second quarter worth approximately $36,000. Continuum Advisory LLC bought a new position in shares of Monolithic Power Systems in the second quarter valued at $43,000. Sunbelt Securities Inc. increased its holdings in shares of Monolithic Power Systems by 233.3% in the first quarter. Sunbelt Securities Inc. now owns 40 shares of the semiconductor company's stock valued at $44,000 after buying an additional 28 shares in the last quarter. Finally, Essential Partners LLC lifted its position in shares of Monolithic Power Systems by 30.3% during the 1st quarter. Essential Partners LLC now owns 43 shares of the semiconductor company's stock valued at $47,000 after acquiring an additional 10 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $1,335.55 on Friday. The company has a 50 day moving average price of $1,301.00 and a 200 day moving average price of $1,361.33. Monolithic Power Systems, Inc. has a 52 week low of $833.18 and a 52 week high of $1,714.09. The firm has a market capitalization of $65.63 billion, a price-to-earnings ratio of 81.89 and a beta of 1.66.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last announced its 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 the consensus estimate of $903.30 million. Monolithic Power Systems had a net margin of 24.41% and a return on equity of 22.31%. The company's revenue was up 47.6% on a year-over-year basis. During the same period in the previous year, the business earned $4.21 EPS. Equities analysts forecast that Monolithic Power Systems, Inc. will post 23.35 earnings per share for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 30th. Monolithic Power Systems's payout ratio is presently 49.05%.

Analyst Ratings Changes

MPWR has been the subject of several research reports. Arete Research set a $2,013.00 price objective on Monolithic Power Systems and gave the stock a "buy" rating in a research note on Thursday, August 20th. Zacks Research raised Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 18th. Wall Street Zen downgraded Monolithic Power Systems from a "buy" rating to a "hold" rating in a report on Saturday, September 19th. Weiss Ratings lowered Monolithic Power Systems from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, August 31st. Finally, Wells Fargo & Company increased their price target on Monolithic Power Systems from $1,700.00 to $1,800.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,731.42.

Insider Buying and Selling at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction dated 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. The trade was a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kuo Wei Chang sold 50 shares of Monolithic Power Systems stock in a transaction dated 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 transaction, the director directly owned 515 shares in the company, valued at approximately $660,008.55. This trade represents a 8.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 160 shares of company stock worth $215,945 over the last three months. 3.60% of the stock is owned by insiders.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc NASDAQ: MPWR designs, develops and markets high-performance semiconductor solutions, with a focus on power management. Its products help regulate, convert and control electrical power in electronic systems, enabling more efficient operation in applications ranging from computing and communications equipment to automotive, industrial and consumer devices.

The company's portfolio includes DC-to-DC converters, power modules, battery chargers, power-management integrated circuits, motor drivers, LED drivers, voltage regulators and other analog semiconductor products.

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