Burney Co. Reduces Holdings in Monolithic Power Systems, Inc. $MPWR

Key Points

• Burney Co. trimmed its stake in Monolithic Power Systems by 5.2%, selling 767 shares to hold 13,965 shares valued at about $12.66 million, while institutional investors own roughly 93.46% of the stock.
• Multiple brokerages have raised ratings and price targets recently (Oppenheimer $1,300; Wells Fargo and Citi $1,350), leaving a MarketBeat consensus of “Moderate Buy” with an average target of $1,218.42.
• The company reported an EPS beat and 20.8% revenue growth, raised its quarterly dividend to $2.00 per share, but insiders have sold significant stock — 137,683 shares worth $158.1M in the past three months (insiders now own 3.40%).

Burney Co. decreased its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,965 shares of the semiconductor company's stock after selling 767 shares during the period. Burney Co.'s holdings in Monolithic Power Systems were worth $12,657,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Greenup Street Wealth Management LLC grew its stake in shares of Monolithic Power Systems by 92.5% in the 4th quarter. Greenup Street Wealth Management LLC now owns 4,769 shares of the semiconductor company's stock valued at $4,323,000 after buying an additional 2,292 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Monolithic Power Systems by 5.8% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 119,015 shares of the semiconductor company's stock valued at $107,870,000 after buying an additional 6,511 shares during the period. Clear Creek Financial Management LLC grew its stake in shares of Monolithic Power Systems by 22.8% in the 4th quarter. Clear Creek Financial Management LLC now owns 442 shares of the semiconductor company's stock valued at $401,000 after buying an additional 82 shares during the period. Bouvel Investment Partners LLC grew its stake in shares of Monolithic Power Systems by 37.9% in the 4th quarter. Bouvel Investment Partners LLC now owns 2,146 shares of the semiconductor company's stock valued at $1,945,000 after buying an additional 590 shares during the period. Finally, Diversify Advisory Services LLC grew its stake in shares of Monolithic Power Systems by 13.9% in the 4th quarter. Diversify Advisory Services LLC now owns 1,741 shares of the semiconductor company's stock valued at $1,578,000 after buying an additional 212 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on MPWR. Oppenheimer reissued an "outperform" rating and issued a $1,300.00 price target on shares of Monolithic Power Systems in a research note on Thursday, January 29th. Wells Fargo & Company increased their price target on shares of Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the company an "overweight" rating in a research note on Friday, February 6th. Zacks Research raised shares of Monolithic Power Systems from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 10th. William Blair reissued an "outperform" rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Finally, Citigroup increased their price objective on shares of Monolithic Power Systems from $1,250.00 to $1,350.00 and gave the stock a "buy" rating in a research report on Monday, February 9th. One 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,218.42.

Insider Activity

In other Monolithic Power Systems news, Director Victor K. Lee sold 400 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $1,212.16, for a total transaction of $484,864.00. Following the sale, the director directly owned 27,756 shares in the company, valued at $33,644,712.96. This represents a 1.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Maurice Sciammas sold 22,875 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total transaction of $26,790,285.00. Following the sale, the executive vice president owned 178,625 shares in the company, valued at approximately $209,198,455. This trade represents a 11.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 137,683 shares of company stock worth $158,138,447 in the last three months. 3.40% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Performance

NASDAQ:MPWR opened at $1,353.85 on Friday. The stock has a market capitalization of $66.50 billion, a P/E ratio of 106.27, a PEG ratio of 3.43 and a beta of 1.48. The company has a 50 day moving average price of $1,138.20 and a 200 day moving average price of $1,031.07. Monolithic Power Systems, Inc. has a fifty-two week low of $476.00 and a fifty-two week high of $1,370.00.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 earnings per share for the quarter, topping analysts' consensus estimates of $4.74 by $0.05. The firm had revenue of $751.16 million during the quarter, compared to analysts' expectations of $741.69 million. Monolithic Power Systems had a net margin of 22.07% and a return on equity of 18.33%. The firm's quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the company posted $4.09 EPS. Research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, March 31st. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.56. Monolithic Power Systems's dividend payout ratio is 62.79%.

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.

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