Burney Co. Has $9.58 Million Holdings in Monolithic Power Systems, Inc. $MPWR

Burney Co. lessened its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 37.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 8,763 shares of the semiconductor company’s stock after selling 5,202 shares during the period. Burney Co.’s holdings in Monolithic Power Systems were worth $9,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Corient Private Wealth LLC boosted its holdings in Monolithic Power Systems by 3,719.6% during the fourth quarter. Corient Private Wealth LLC now owns 2,047,173 shares of the semiconductor company’s stock valued at $1,855,476,000 after acquiring an additional 1,993,576 shares during the period. Norges Bank bought a new position in shares of Monolithic Power Systems in the fourth quarter worth about $658,656,000. Invesco Ltd. increased its stake in shares of Monolithic Power Systems by 25.9% in the fourth quarter. Invesco Ltd. now owns 1,434,689 shares of the semiconductor company’s stock worth $1,300,345,000 after purchasing an additional 295,556 shares during the period. SG Americas Securities LLC increased its stake in shares of Monolithic Power Systems by 77,483.1% in the fourth quarter. SG Americas Securities LLC now owns 262,231 shares of the semiconductor company’s stock worth $237,676,000 after purchasing an additional 261,893 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Monolithic Power Systems by 56.6% during the 4th quarter. First Trust Advisors LP now owns 701,454 shares of the semiconductor company’s stock worth $635,770,000 after purchasing an additional 253,653 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 30 shares of Monolithic Power Systems stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $1,351.61, for a total transaction of $40,548.30. Following the sale, the executive vice president owned 1,149 shares of the company’s stock, valued at approximately $1,552,999.89. This trade represents a 2.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eugen J. Elmiger sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,584.96, for a total value of $19,019,520.00. Following the sale, the director owned 5,402 shares in the company, valued at approximately $8,561,953.92. This represents a 68.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 78,333 shares of company stock worth $124,401,190 in the last three months. Company insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on MPWR. TD Cowen increased their target price on Monolithic Power Systems from $1,550.00 to $1,850.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Zacks Research raised Monolithic Power Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 18th. Rosenblatt Securities upped their price target on Monolithic Power Systems from $1,000.00 to $1,575.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Weiss Ratings raised Monolithic Power Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Finally, Raymond James Financial restated an “outperform” rating and issued a $1,800.00 price objective on shares of Monolithic Power Systems in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,599.17.

Monolithic Power Systems Stock Performance

Shares of MPWR opened at $1,346.13 on Tuesday. The company has a 50-day simple moving average of $1,532.73 and a 200-day simple moving average of $1,264.03. The firm has a market capitalization of $66.14 billion, a P/E ratio of 97.05, a P/E/G ratio of 2.30 and a beta of 1.71. Monolithic Power Systems, Inc. has a 52 week low of $686.87 and a 52 week high of $1,714.09.

Monolithic Power Systems (NASDAQ:MPWR) last released its earnings results on Thursday, April 30th. The semiconductor company reported $5.10 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $804.19 million during the quarter, compared to analysts’ expectations of $781.93 million. During the same quarter last year, the company earned $4.04 earnings per share. The firm’s revenue was up 26.1% on a year-over-year basis. As a group, equities analysts forecast that Monolithic Power Systems, Inc. will post 20.13 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $2.00 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.6%. Monolithic Power Systems’s dividend payout ratio (DPR) is currently 57.68%.

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.