Monolithic Power Systems, Inc. $MPWR Stock Position Reduced by Panagora Asset Management Inc.

Panagora Asset Management Inc. lessened its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWRFree Report) by 10.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 56,092 shares of the semiconductor company’s stock after selling 6,515 shares during the quarter. Panagora Asset Management Inc.’s holdings in Monolithic Power Systems were worth $50,840,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Monolithic Power Systems by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,074,033 shares of the semiconductor company’s stock worth $5,591,998,000 after buying an additional 134,087 shares during the last quarter. State Street Corp lifted its holdings in shares of Monolithic Power Systems by 2.1% in the 4th quarter. State Street Corp now owns 2,180,419 shares of the semiconductor company’s stock worth $1,979,610,000 after purchasing an additional 45,715 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Monolithic Power Systems by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 1,382,280 shares of the semiconductor company’s stock worth $1,248,436,000 after purchasing an additional 44,583 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Monolithic Power Systems by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 863,228 shares of the semiconductor company’s stock worth $794,723,000 after purchasing an additional 6,503 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Monolithic Power Systems in the 4th quarter worth approximately $658,656,000. Institutional investors own 93.46% of the company’s stock.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction on Friday, May 15th. The stock was sold at an average price of $1,561.40, for a total transaction of $18,736,800.00. Following the transaction, the executive vice president directly owned 166,644 shares in the company, valued at approximately $260,197,941.60. This trade represents a 6.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Deming Xiao sold 30,000 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,654.55, for a total value of $49,636,500.00. Following the transaction, the executive vice president owned 205,959 shares in the company, valued at approximately $340,769,463.45. This trade represents a 12.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 113,073 shares of company stock worth $160,875,958 in the last quarter. Company insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. William Blair reissued an “outperform” rating on shares of Monolithic Power Systems in a report on Thursday, March 5th. Stifel Nicolaus raised their price target on Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Needham & Company LLC raised their price target on Monolithic Power Systems from $1,300.00 to $1,750.00 and gave the stock a “buy” rating in a report on Friday, May 1st. TD Cowen raised their price target on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,599.17.

Read Our Latest Analysis on Monolithic Power Systems

Monolithic Power Systems Price Performance

MPWR opened at $1,652.29 on Tuesday. Monolithic Power Systems, Inc. has a 12 month low of $671.18 and a 12 month high of $1,714.09. The stock has a market cap of $81.18 billion, a P/E ratio of 119.13, a P/E/G ratio of 2.82 and a beta of 1.69. The stock’s 50 day moving average price is $1,520.94 and its 200 day moving average price is $1,215.52.

Monolithic Power Systems (NASDAQ:MPWRGet Free Report) last posted its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 EPS for the quarter, beating the consensus estimate of $4.90 by $0.20. Monolithic Power Systems had a return on equity of 19.58% and a net margin of 22.84%.The firm had revenue of $804.19 million for the quarter, compared to analysts’ expectations of $781.93 million. During the same period last year, the firm earned $4.04 EPS. The firm’s revenue was up 26.1% compared to the same quarter last year. Equities analysts anticipate that Monolithic Power Systems, Inc. will post 20.13 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $2.00 per share. The ex-dividend date is Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 0.5%. Monolithic Power Systems’s dividend payout ratio (DPR) is 57.68%.

Monolithic Power Systems Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Monolithic Power Systems (NASDAQ:MPWR)

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