Monolithic Power Systems, Inc. $MPWR Position Lessened by Sanctuary Advisors LLC

Key Points

• Sanctuary Advisors LLC trimmed its stake in Monolithic Power Systems by 6.0% to 17,064 shares, worth about $15.47 million, while overall institutional ownership sits at roughly 93.46%.
• Insiders sold heavily: EVPs Maurice Sciammas and Deming Xiao each sold 22,875 shares and insiders have offloaded 137,683 shares (~$158.14 million) in the past 90 days; company insiders now own 3.40% of the stock.
• Recent results and payout: MPS beat Q earnings expectations with $4.79 EPS and $751.16M revenue (up 20.8% YoY), trades at a market cap of $80.17B with a PE of 128.11, and raised its quarterly dividend to $2.00 ($8.00 annual, ~0.5% yield).

Sanctuary Advisors LLC trimmed its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,064 shares of the semiconductor company's stock after selling 1,093 shares during the period. Sanctuary Advisors LLC's holdings in Monolithic Power Systems were worth $15,466,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of MPWR. SG Americas Securities LLC raised its holdings in shares of Monolithic Power Systems by 77,483.1% during the fourth quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company's stock worth $237,676,000 after acquiring an additional 261,893 shares in the last quarter. Rakuten Investment Management Inc. purchased a new stake in shares of Monolithic Power Systems during the third quarter worth $197,260,000. First Trust Advisors LP raised its holdings in shares of Monolithic Power Systems by 66.4% during the third quarter. First Trust Advisors LP now owns 447,801 shares of the semiconductor company's stock worth $412,263,000 after acquiring an additional 178,622 shares in the last quarter. Rafferty Asset Management LLC raised its holdings in shares of Monolithic Power Systems by 36.1% during the second quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company's stock worth $386,991,000 after acquiring an additional 140,269 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Monolithic Power Systems by 2.3% during the third quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company's stock valued at $5,591,998,000 after buying an additional 134,087 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 22,875 shares of Monolithic Power Systems 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 $26,790,285.00. Following the transaction, the executive vice president directly owned 178,625 shares in the company, valued at approximately $209,198,455. The trade was a 11.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 22,875 shares of Monolithic Power Systems 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 $26,790,285.00. Following the completion of the transaction, the executive vice president owned 235,932 shares in the company, valued at $276,314,121.12. The trade was a 8.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 137,683 shares of company stock valued at $158,138,447 in the last ninety days. Company insiders own 3.40% of the company's stock.

Monolithic Power Systems Stock Performance

Monolithic Power Systems stock opened at $1,632.06 on Monday. The business's 50-day simple moving average is $1,198.04 and its 200-day simple moving average is $1,070.52. The firm has a market capitalization of $80.17 billion, a PE ratio of 128.11, a PEG ratio of 4.13 and a beta of 1.48. Monolithic Power Systems, Inc. has a 52 week low of $562.38 and a 52 week high of $1,661.79.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $4.79 EPS 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 firm's revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the previous year, the company posted $4.09 earnings per share. Research analysts forecast that Monolithic Power Systems, Inc. will post 17.01 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on MPWR. Wells Fargo & Company raised their target price on Monolithic Power Systems from $1,200.00 to $1,350.00 and gave the company an "overweight" rating in a report on Friday, February 6th. Oppenheimer restated an "outperform" rating and set a $1,600.00 target price on shares of Monolithic Power Systems in a report on Friday. Rosenblatt Securities raised their target price on Monolithic Power Systems from $950.00 to $1,000.00 and gave the company a "neutral" rating in a report on Friday, February 6th. Stifel Nicolaus raised their target price on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the company a "buy" rating in a report on Thursday, April 16th. Finally, Weiss Ratings lowered Monolithic Power Systems from a "buy (b-)" rating to a "hold (c)" rating in a report on Monday, March 2nd. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Monolithic Power Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,260.08.

Monolithic Power Systems Company 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.

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.