Monolithic Power Systems, Inc. $MPWR Holdings Decreased by Ethic Inc.

Key Points

• Ethic Inc. cut its Monolithic Power Systems stake by 19.3% in the third quarter, selling 1,370 shares and retaining 5,737 shares valued at about $7.7 million. Institutional investors collectively own 93.46% of the company.
• Monolithic Power Systems beat quarterly estimates, reporting EPS of $8.19 versus $7.79 expected and revenue of $1.20 billion versus $1.16 billion. Revenue rose 63.1% year over year.
• Analyst sentiment remains broadly positive: 15 of 16 covering analysts rated the stock Buy or Strong Buy, with an average price target of $1,783.77. The company’s quarterly dividend was $2 per share, equivalent to a 0.7% annualized yield.

Ethic Inc. lowered its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 19.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,737 shares of the semiconductor company's stock after selling 1,370 shares during the quarter. Ethic Inc.'s holdings in Monolithic Power Systems were worth $7,729,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Royal Fund Management LLC raised its stake in shares of Monolithic Power Systems by 2.7% during the 1st quarter. Royal Fund Management LLC now owns 264 shares of the semiconductor company's stock worth $289,000 after purchasing an additional 7 shares in the last quarter. Eastern Bank increased its holdings in Monolithic Power Systems by 8.0% during the third quarter. Eastern Bank now owns 108 shares of the semiconductor company's stock worth $146,000 after buying an additional 8 shares during the last quarter. Avidian Wealth Enterprises LLC raised its position in Monolithic Power Systems by 4.5% during the third quarter. Avidian Wealth Enterprises LLC now owns 185 shares of the semiconductor company's stock worth $250,000 after acquiring an additional 8 shares in the last quarter. Worthington Financial Partners LLC raised its position in Monolithic Power Systems by 0.6% during the third quarter. Worthington Financial Partners LLC now owns 1,622 shares of the semiconductor company's stock worth $2,185,000 after acquiring an additional 9 shares in the last quarter. Finally, First Bank & Trust lifted its stake in Monolithic Power Systems by 3.7% in the third quarter. First Bank & Trust now owns 254 shares of the semiconductor company's stock valued at $342,000 after acquiring an additional 9 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Insider Buying and Selling

In other Monolithic Power Systems news, Director Kuo Wei Chang sold 50 shares of the 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 of the company's stock, valued at $660,008.55. This represents a 8.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.60% of the company's stock.

Monolithic Power Systems Price Performance

NASDAQ:MPWR opened at $1,190.44 on Monday. Monolithic Power Systems, Inc. has a one year low of $833.18 and a one year high of $1,714.09. The company has a market cap of $58.06 billion, a P/E ratio of 65.73 and a beta of 1.71. The firm's fifty day moving average price is $1,267.39 and its two-hundred day moving average price is $1,315.87.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The semiconductor company reported $8.19 earnings per share for the quarter, beating the consensus estimate of $7.79 by $0.40. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.16 billion. Monolithic Power Systems had a net margin of 23.85% and a return on equity of 25.23%. The company's revenue was up 63.1% on a year-over-year basis. During the same period in the prior year, the firm earned $4.73 earnings per share. As a group, equities research analysts expect that Monolithic Power Systems, Inc. will post 23.72 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $2.00 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $8.00 dividend on an annualized basis and a yield of 0.7%. Monolithic Power Systems's dividend payout ratio is 44.17%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MPWR. Truist Financial upped their target price on shares of Monolithic Power Systems from $1,889.00 to $1,906.00 and gave the company a "buy" rating in a report on Friday, October 30th. Oppenheimer lowered their price target on Monolithic Power Systems from $1,700.00 to $1,500.00 and set an "outperform" rating on the stock in a research report on Friday, October 23rd. TD Cowen reissued a "buy" rating on shares of Monolithic Power Systems in a research report on Friday, October 30th. KeyCorp upped their price objective on Monolithic Power Systems from $2,000.00 to $2,100.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Finally, Weiss Ratings raised Monolithic Power Systems from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $1,783.77.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc (MPS) designs, develops and markets semiconductor-based power management solutions. Its products include power management integrated circuits, DC-to-DC converters, power modules, battery chargers, LED drivers and motor drivers, which help control and convert electrical power in electronic systems.

The company's products serve a range of markets, including computing and data storage, automotive, communications, consumer electronics and industrial applications.

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