Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC trimmed its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,767 shares of the semiconductor company’s stock after selling 354 shares during the quarter. Calamos Advisors LLC owned approximately 0.05% of Monolithic Power Systems worth $16,253,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MPWR. Vanguard Group Inc. lifted its holdings in shares of Monolithic Power Systems by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,373,477 shares of the semiconductor company’s stock valued at $2,482,546,000 after buying an additional 123,946 shares during the last quarter. FMR LLC increased its position in Monolithic Power Systems by 35.0% during the third quarter. FMR LLC now owns 3,583,803 shares of the semiconductor company’s stock worth $1,655,717,000 after buying an additional 929,009 shares during the last quarter. State Street Corp raised its holdings in Monolithic Power Systems by 3.0% during the first quarter. State Street Corp now owns 1,811,967 shares of the semiconductor company’s stock valued at $908,748,000 after buying an additional 53,355 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its position in Monolithic Power Systems by 140,338.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,023,797 shares of the semiconductor company’s stock worth $362,025,000 after purchasing an additional 1,023,068 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Monolithic Power Systems by 1.4% during the 1st quarter. Geode Capital Management LLC now owns 966,299 shares of the semiconductor company’s stock worth $482,618,000 after buying an additional 13,218 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR traded down $6.29 during trading on Friday, reaching $614.02. The stock had a trading volume of 44,545 shares, compared to its average volume of 527,510. Monolithic Power Systems, Inc. has a 52 week low of $383.19 and a 52 week high of $778.15. The business’s 50-day moving average price is $697.55 and its 200 day moving average price is $601.37. The stock has a market capitalization of $29.88 billion, a PE ratio of 70.81, a P/E/G ratio of 3.41 and a beta of 1.24.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Wednesday, February 7th. The semiconductor company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.17). Monolithic Power Systems had a net margin of 23.47% and a return on equity of 22.66%. The firm had revenue of $454.01 million during the quarter, compared to the consensus estimate of $452.13 million. Analysts forecast that Monolithic Power Systems, Inc. will post 10.05 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.00. Monolithic Power Systems’s payout ratio is 57.08%.

Insider Buying and Selling

In related news, insider Deming Xiao sold 859 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $680.00, for a total value of $584,120.00. Following the completion of the transaction, the insider now owns 208,580 shares in the company, valued at approximately $141,834,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Monolithic Power Systems news, insider Deming Xiao sold 859 shares of Monolithic Power Systems stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $680.00, for a total transaction of $584,120.00. Following the completion of the sale, the insider now owns 208,580 shares of the company’s stock, valued at approximately $141,834,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Hsing sold 8,000 shares of Monolithic Power Systems stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $602.01, for a total transaction of $4,816,080.00. Following the sale, the chief executive officer now directly owns 921,774 shares of the company’s stock, valued at approximately $554,917,165.74. The disclosure for this sale can be found here. Insiders sold 45,077 shares of company stock worth $30,357,479 in the last quarter. Insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

MPWR has been the subject of several recent analyst reports. Oppenheimer increased their target price on Monolithic Power Systems from $600.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. TD Cowen raised their price objective on shares of Monolithic Power Systems from $650.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. KeyCorp upped their target price on shares of Monolithic Power Systems to $850.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Rosenblatt Securities raised their price target on shares of Monolithic Power Systems from $550.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, December 26th. Finally, Stifel Nicolaus increased their target price on shares of Monolithic Power Systems from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Monolithic Power Systems currently has an average rating of “Moderate Buy” and a consensus target price of $670.30.

About Monolithic Power Systems

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.