Townsquare Capital LLC Cuts Stock Holdings in Monolithic Power Systems, Inc. $MPWR

Townsquare Capital LLC lessened its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 51.6% during the third quarter, Holdings Channel reports. The firm owned 938 shares of the semiconductor company’s stock after selling 1,001 shares during the period. Townsquare Capital LLC’s holdings in Monolithic Power Systems were worth $864,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in MPWR. Norges Bank purchased a new position in shares of Monolithic Power Systems in the 2nd quarter worth $438,014,000. JPMorgan Chase & Co. increased its stake in Monolithic Power Systems by 36.1% during the second quarter. JPMorgan Chase & Co. now owns 856,725 shares of the semiconductor company’s stock worth $626,592,000 after acquiring an additional 227,159 shares during the last quarter. Rakuten Investment Management Inc. purchased a new position in shares of Monolithic Power Systems in the 3rd quarter worth about $197,260,000. Rafferty Asset Management LLC raised its holdings in shares of Monolithic Power Systems by 36.1% in the 2nd quarter. Rafferty Asset Management LLC now owns 529,124 shares of the semiconductor company’s stock worth $386,991,000 after purchasing an additional 140,269 shares during the period. Finally, Voya Investment Management LLC lifted its stake in shares of Monolithic Power Systems by 57.5% in the 3rd quarter. Voya Investment Management LLC now owns 359,312 shares of the semiconductor company’s stock valued at $330,797,000 after purchasing an additional 131,177 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MPWR shares. Wells Fargo & Company increased their target price on shares of Monolithic Power Systems from $1,125.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Monday. TD Cowen reissued a “buy” rating on shares of Monolithic Power Systems in a research report on Friday, October 31st. Citigroup raised their target price on shares of 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. Rosenblatt Securities lifted their target price on shares of Monolithic Power Systems from $800.00 to $950.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, Oppenheimer reiterated an “outperform” rating and issued a $1,300.00 price target on shares of Monolithic Power Systems in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $1,135.42.

Monolithic Power Systems Price Performance

Monolithic Power Systems stock opened at $1,124.15 on Friday. Monolithic Power Systems, Inc. has a 12-month low of $438.86 and a 12-month high of $1,188.66. The company has a market capitalization of $53.86 billion, a price-to-earnings ratio of 28.71, a price-to-earnings-growth ratio of 3.32 and a beta of 1.45. The firm’s fifty day moving average price is $978.80 and its 200 day moving average price is $916.99.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, October 30th. The semiconductor company reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.62 by $0.11. Monolithic Power Systems had a return on equity of 18.37% and a net margin of 71.22%.The company had revenue of $737.18 million during the quarter, compared to the consensus estimate of $720.66 million. During the same period last year, the firm earned $4.06 earnings per share. The company’s revenue was up 18.9% on a year-over-year basis. Analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $1.56 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $6.24 dividend on an annualized basis and a yield of 0.6%. Monolithic Power Systems’s dividend payout ratio is currently 15.93%.

Insider Activity

In other Monolithic Power Systems news, Director Kuo Wei Herbert Chang sold 100 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $896.97, for a total transaction of $89,697.00. Following the sale, the director directly owned 426 shares in the company, valued at $382,109.22. The trade was a 19.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore Blegen sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $940.47, for a total value of $2,821,410.00. Following the completion of the transaction, the chief financial officer directly owned 68,332 shares in the company, valued at approximately $64,264,196.04. The trade was a 4.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 69,976 shares of company stock worth $63,370,417 over the last quarter. Corporate insiders own 3.40% of the company’s stock.

Monolithic Power Systems 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.