Taylor Frigon Capital Management LLC Sells 3,049 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Taylor Frigon Capital Management LLC decreased its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 40.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,427 shares of the semiconductor company’s stock after selling 3,049 shares during the quarter. Monolithic Power Systems accounts for about 2.0% of Taylor Frigon Capital Management LLC’s holdings, making the stock its 6th largest holding. Taylor Frigon Capital Management LLC’s holdings in Monolithic Power Systems were worth $4,093,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in Monolithic Power Systems by 95.1% in the 1st quarter. BNP Paribas Financial Markets now owns 305,146 shares of the semiconductor company’s stock valued at $206,712,000 after buying an additional 148,771 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Monolithic Power Systems by 311.8% during the second quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company’s stock valued at $153,319,000 after acquiring an additional 141,277 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Monolithic Power Systems by 1,947.1% in the second quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company’s stock valued at $117,826,000 after acquiring an additional 136,391 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Monolithic Power Systems by 92,842.9% in the third quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company’s stock worth $114,281,000 after acquiring an additional 123,481 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Monolithic Power Systems by 952.2% in the first quarter. SG Americas Securities LLC now owns 93,101 shares of the semiconductor company’s stock worth $63,068,000 after acquiring an additional 84,253 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Up 1.8 %

Shares of MPWR traded up $16.04 during trading on Thursday, reaching $899.68. 118,255 shares of the company traded hands, compared to its average volume of 526,267. The stock has a 50-day simple moving average of $904.77 and a 200-day simple moving average of $813.86. The stock has a market cap of $43.80 billion, a PE ratio of 105.32, a price-to-earnings-growth ratio of 4.33 and a beta of 1.11. Monolithic Power Systems, Inc. has a twelve month low of $392.10 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $3.17 earnings per share for the quarter, beating the consensus estimate of $3.07 by $0.10. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The firm had revenue of $507.40 million during the quarter, compared to the consensus estimate of $490.66 million. During the same quarter last year, the firm earned $2.05 EPS. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, equities research analysts predict that Monolithic Power Systems, Inc. will post 10.41 EPS for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.00 annualized dividend and a dividend yield of 0.56%. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

Analyst Ratings Changes

A number of brokerages have weighed in on MPWR. Deutsche Bank Aktiengesellschaft raised their price objective on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC raised their price target on shares of Monolithic Power Systems from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. KeyCorp upped their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Rosenblatt Securities raised their target price on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Finally, TD Cowen upgraded Monolithic Power Systems to a “strong-buy” rating in a report on Monday, September 16th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $959.90.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Deming Xiao sold 859 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $778.39, for a total transaction of $668,637.01. Following the sale, the executive vice president now directly owns 202,354 shares in the company, valued at $157,510,330.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Monolithic Power Systems news, EVP Deming Xiao sold 859 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $778.39, for a total value of $668,637.01. Following the completion of the transaction, the executive vice president now owns 202,354 shares of the company’s stock, valued at $157,510,330.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Maurice Sciammas sold 11,000 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $929.59, for a total value of $10,225,490.00. Following the sale, the executive vice president now directly owns 103,829 shares in the company, valued at $96,518,400.11. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,136 shares of company stock worth $38,591,228 in the last three months. 3.20% of the stock is owned by company insiders.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.