Avalon Global Asset Management LLC Has $14.63 Million Stock Position in Monolithic Power Systems, Inc. $MPWR

Avalon Global Asset Management LLC lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 33.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,000 shares of the semiconductor company’s stock after selling 10,000 shares during the quarter. Monolithic Power Systems makes up 1.7% of Avalon Global Asset Management LLC’s holdings, making the stock its 18th biggest holding. Avalon Global Asset Management LLC’s holdings in Monolithic Power Systems were worth $14,628,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MPWR. NewSquare Capital LLC grew its position in Monolithic Power Systems by 76.0% during the 2nd quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 19 shares during the last quarter. WPG Advisers LLC bought a new position in Monolithic Power Systems in the first quarter valued at about $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Monolithic Power Systems during the second quarter valued at about $36,000. SouthState Corp acquired a new stake in shares of Monolithic Power Systems during the first quarter valued at about $33,000. Finally, AdvisorNet Financial Inc grew its holdings in shares of Monolithic Power Systems by 306.3% during the second quarter. AdvisorNet Financial Inc now owns 65 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 49 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Insider Transactions at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $1,024.43, for a total value of $3,073,290.00. Following the completion of the sale, the chief financial officer directly owned 74,332 shares in the company, valued at $76,147,930.76. This trade represents a 3.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Saria Tseng sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $926.47, for a total value of $18,529,400.00. Following the transaction, the executive vice president directly owned 187,331 shares in the company, valued at approximately $173,556,551.57. This trade represents a 9.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 102,426 shares of company stock valued at $94,860,304 in the last 90 days. 3.40% of the stock is currently owned by corporate insiders.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $963.28 on Monday. The firm has a market cap of $46.15 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 3.25 and a beta of 1.47. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $1,123.38. The business’s 50 day moving average price is $964.77 and its two-hundred day moving average price is $840.76.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.62 by $0.11. The company had revenue of $737.18 million for the quarter, compared to the consensus estimate of $720.66 million. Monolithic Power Systems had a net margin of 71.22% and a return on equity of 18.37%. Monolithic Power Systems’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.06 EPS. Research analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $1.56 per share. The ex-dividend date was Tuesday, September 30th. This represents a $6.24 annualized dividend and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is currently 15.93%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MPWR shares. Wells Fargo & Company raised their price objective on shares of Monolithic Power Systems from $750.00 to $970.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Stifel Nicolaus upped their price target on shares of Monolithic Power Systems from $930.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Needham & Company LLC raised their price target on shares of Monolithic Power Systems from $820.00 to $1,025.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Cowen reiterated a “buy” rating on shares of Monolithic Power Systems in a report on Friday, October 31st. Finally, Citigroup increased their price objective on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,047.27.

Monolithic Power Systems Company Profile

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.