Impax Asset Management Group plc Trims Stock Position in Monolithic Power Systems, Inc. $MPWR

Key Points

• Impax Asset Management trimmed its stake in Monolithic Power Systems by 19.1% in Q4, selling 25,163 shares and leaving 106,238 shares worth about $96.29 million (≈0.22% of the company).
• Monolithic posted a quarter that beat estimates (EPS $4.79 vs $4.74; revenue $751.16M vs $741.69M), with revenue up 20.8% year‑over‑year, but trades at a rich valuation (market cap $80.17B, P/E 128.11, PEG 4.03).
• Significant insider selling has occurred (CFO sold 21,725 shares; insiders sold 137,683 shares worth ~$158.1M over the last three months), even as the company increased its quarterly dividend to $2.00 ($8.00 annualized, 0.5% yield).

Impax Asset Management Group plc lowered its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 19.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,238 shares of the semiconductor company's stock after selling 25,163 shares during the quarter. Impax Asset Management Group plc owned approximately 0.22% of Monolithic Power Systems worth $96,290,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. True Wealth Design LLC boosted its stake in Monolithic Power Systems by 61.1% in the 3rd quarter. True Wealth Design LLC now owns 29 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 11 shares during the period. SJS Investment Consulting Inc. boosted its position in shares of Monolithic Power Systems by 2,700.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 27 shares during the last quarter. Salomon & Ludwin LLC bought a new position in shares of Monolithic Power Systems during the 3rd quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Monolithic Power Systems during the 4th quarter valued at approximately $34,000. Finally, IFP Advisors Inc boosted its position in shares of Monolithic Power Systems by 171.4% during the 3rd quarter. IFP Advisors Inc now owns 38 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 24 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Monolithic Power Systems Stock Up 2.5%

MPWR stock opened at $1,632.06 on Friday. The business's fifty day simple moving average is $1,198.04 and its two-hundred day simple moving average is $1,069.03. Monolithic Power Systems, Inc. has a twelve month low of $562.38 and a twelve month high of $1,661.79. The firm has a market cap of $80.17 billion, a price-to-earnings ratio of 128.11, a PEG ratio of 4.03 and a beta of 1.48.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its earnings results 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 business had revenue of $751.16 million for the quarter, compared to analyst estimates of $741.69 million. Monolithic Power Systems had a return on equity of 18.33% and a net margin of 22.07%.The business's revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the firm posted $4.09 earnings per share. Research analysts expect that Monolithic Power Systems, Inc. will post 17.01 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.5%. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.56. The ex-dividend date was Tuesday, March 31st. Monolithic Power Systems's payout ratio is presently 62.79%.

Analysts Set New Price Targets

MPWR has been the subject of a number of research reports. William Blair reiterated an "outperform" rating on shares of Monolithic Power Systems in a research report on Thursday, March 5th. Zacks Research downgraded Monolithic Power Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 10th. Needham & Company LLC increased their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the company a "buy" rating in a research report on Friday, February 6th. Truist Financial increased their target price on Monolithic Power Systems from $1,375.00 to $1,396.00 and gave the company a "buy" rating in a research report on Friday, February 6th. Finally, Wells Fargo & Company increased their target price on Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the company an "overweight" rating in a research report on Friday, February 6th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and an average target price of $1,260.08.

Insider Buying and Selling

In other Monolithic Power Systems news, CFO Theodore Blegen sold 21,725 shares of the firm's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $1,171.16, for a total value of $25,443,451.00. Following the completion of the sale, the chief financial officer owned 82,353 shares of the company's stock, valued at approximately $96,448,539.48. This trade represents a 20.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Victor K. Lee sold 400 shares of the firm's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $1,212.16, for a total value of $484,864.00. Following the completion of the sale, the director directly owned 27,756 shares of the company's stock, valued at approximately $33,644,712.96. This represents a 1.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 137,683 shares of company stock valued at $158,138,447 over the last three months. Corporate insiders own 3.40% of the company's stock.

Monolithic Power Systems Profile

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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