Copeland Capital Management LLC Sells 1,198 Shares of Monolithic Power Systems, Inc. $MPWR

Copeland Capital Management LLC cut its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 5.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 20,305 shares of the semiconductor company’s stock after selling 1,198 shares during the quarter. Copeland Capital Management LLC’s holdings in Monolithic Power Systems were worth $18,695,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MPWR. Armstrong Advisory Group Inc. lifted its stake in shares of Monolithic Power Systems by 192.9% in the third quarter. Armstrong Advisory Group Inc. now owns 41 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 27 shares during the period. NewSquare Capital LLC lifted its holdings in Monolithic Power Systems by 76.0% in the second quarter. NewSquare Capital LLC now owns 44 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 19 shares during the period. WPG Advisers LLC acquired a new stake in Monolithic Power Systems during the 1st quarter worth about $27,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Monolithic Power Systems in the 2nd quarter worth about $36,000. Finally, AdvisorNet Financial Inc boosted its position in shares of Monolithic Power Systems by 306.3% during the 2nd quarter. AdvisorNet Financial Inc now owns 65 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 49 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Monolithic Power Systems Trading Down 1.7%

NASDAQ MPWR opened at $930.04 on Tuesday. The business has a fifty day simple moving average of $961.42 and a 200 day simple moving average of $870.43. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $1,123.38. The firm has a market capitalization of $44.56 billion, a P/E ratio of 23.75, a PEG ratio of 3.20 and a beta of 1.47.

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

Monolithic Power Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $1.56 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $6.24 annualized dividend and a dividend yield of 0.7%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 15.93%.

Wall Street Analysts Forecast Growth

MPWR has been the subject of a number of research analyst reports. KeyCorp lifted their target price on Monolithic Power Systems from $1,250.00 to $1,300.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Citigroup raised their target price on Monolithic Power Systems from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Wells Fargo & Company upped their price target on Monolithic Power Systems from $750.00 to $970.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Wolfe Research set a $1,200.00 target price on Monolithic Power Systems and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Finally, Needham & Company LLC lifted 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 report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,074.58.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 27,966 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $881.66, for a total value of $24,656,503.56. Following the completion of the transaction, the executive vice president directly owned 148,306 shares of the company’s stock, valued at $130,755,467.96. This represents a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Theodore Blegen sold 3,000 shares of Monolithic Power Systems stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $913.22, for a total value of $2,739,660.00. Following the sale, the chief financial officer owned 37,940 shares in the company, valued at $34,647,566.80. This trade represents a 7.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 87,516 shares of company stock worth $81,283,355 in the last 90 days. Insiders own 3.40% of the company’s stock.

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.