Artisan Partners Limited Partnership Has $139.45 Million Holdings in Monolithic Power Systems, Inc. $MPWR

Artisan Partners Limited Partnership cut its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 20.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 153,862 shares of the semiconductor company’s stock after selling 38,887 shares during the quarter. Artisan Partners Limited Partnership’s holdings in Monolithic Power Systems were worth $139,454,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Fred Alger Management LLC grew its stake in Monolithic Power Systems by 16.0% in the 4th quarter. Fred Alger Management LLC now owns 17,599 shares of the semiconductor company’s stock valued at $15,978,000 after buying an additional 2,425 shares during the last quarter. Siemens Fonds Invest GmbH grew its stake in Monolithic Power Systems by 11.5% in the 4th quarter. Siemens Fonds Invest GmbH now owns 875 shares of the semiconductor company’s stock valued at $808,000 after buying an additional 90 shares during the last quarter. Blair William & Co. IL grew its stake in shares of Monolithic Power Systems by 34.0% in the fourth quarter. Blair William & Co. IL now owns 13,647 shares of the semiconductor company’s stock worth $12,369,000 after acquiring an additional 3,465 shares during the last quarter. Night Squared LP acquired a new stake in shares of Monolithic Power Systems in the fourth quarter worth $2,454,000. Finally, L2 Asset Management LLC acquired a new stake in shares of Monolithic Power Systems in the fourth quarter worth $208,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Monolithic Power Systems news, Director Eileen Wynne sold 335 shares of Monolithic Power Systems stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,582.68, for a total transaction of $530,197.80. Following the sale, the director owned 1,007 shares in the company, valued at $1,593,758.76. The trade was a 24.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,533.95, for a total transaction of $46,018.50. Following the sale, the executive vice president owned 1,179 shares in the company, valued at $1,808,527.05. This represents a 2.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 113,073 shares of company stock valued at $160,875,958. 3.60% of the stock is owned by insiders.

Monolithic Power Systems Price Performance

MPWR opened at $1,498.77 on Wednesday. Monolithic Power Systems, Inc. has a fifty-two week low of $671.18 and a fifty-two week high of $1,714.09. The firm’s fifty day moving average price is $1,528.55 and its two-hundred day moving average price is $1,219.57. The company has a market capitalization of $73.63 billion, a P/E ratio of 108.06, a P/E/G ratio of 2.96 and a beta of 1.69.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.90 by $0.20. Monolithic Power Systems had a net margin of 22.84% and a return on equity of 19.58%. The firm had revenue of $804.19 million for the quarter, compared to the consensus estimate of $781.93 million. During the same quarter in the previous year, the company earned $4.04 earnings per share. The business’s revenue was up 26.1% compared to the same quarter last year. On average, equities research analysts expect that Monolithic Power Systems, Inc. will post 20.13 EPS for the current fiscal year.

Monolithic Power Systems Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MPWR shares. Stifel Nicolaus raised their price objective on shares of Monolithic Power Systems from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. William Blair restated an “outperform” rating on shares of Monolithic Power Systems in a research note on Thursday, March 5th. Rosenblatt Securities raised their price objective on shares of Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Zacks Research downgraded shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Finally, TD Cowen raised their price objective on shares of Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,599.17.

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.