Montag A & Associates Inc. Sells 817 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Montag A & Associates Inc. reduced its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 37.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,346 shares of the semiconductor company’s stock after selling 817 shares during the quarter. Montag A & Associates Inc.’s holdings in Monolithic Power Systems were worth $799,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. FMR LLC increased its position in Monolithic Power Systems by 11.4% in the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock worth $3,253,664,000 after buying an additional 361,416 shares during the last quarter. State Street Corp increased its position in Monolithic Power Systems by 2.1% in the third quarter. State Street Corp now owns 2,085,146 shares of the semiconductor company’s stock worth $1,930,301,000 after buying an additional 42,678 shares during the last quarter. Geode Capital Management LLC increased its position in Monolithic Power Systems by 11.2% in the third quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company’s stock worth $1,230,626,000 after buying an additional 133,838 shares during the last quarter. Van ECK Associates Corp increased its position in Monolithic Power Systems by 73.3% in the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock worth $459,174,000 after buying an additional 328,203 shares during the last quarter. Finally, Barclays PLC increased its position in Monolithic Power Systems by 5.0% in the third quarter. Barclays PLC now owns 322,115 shares of the semiconductor company’s stock worth $297,799,000 after buying an additional 15,350 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the completion of the sale, the chief financial officer now owns 53,444 shares of the company’s stock, valued at $32,066,400. The trade was a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $701.98, for a total value of $4,913,860.00. Following the sale, the executive vice president now directly owns 16,015 shares of the company’s stock, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Monolithic Power Systems Stock Down 2.2 %

Monolithic Power Systems stock opened at $684.93 on Monday. Monolithic Power Systems, Inc. has a 52 week low of $546.71 and a 52 week high of $959.64. The business has a 50-day simple moving average of $630.25 and a 200 day simple moving average of $749.84. The stock has a market cap of $33.41 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 2.53 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 EPS for the quarter, missing the consensus estimate of $4.01 by ($0.84). Monolithic Power Systems had a return on equity of 22.49% and a net margin of 80.95%. On average, research analysts anticipate that Monolithic Power Systems, Inc. will post 13 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.56 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 annualized dividend and a yield of 0.91%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. Monolithic Power Systems’s payout ratio is 13.60%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MPWR shares. Needham & Company LLC raised their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Citigroup began coverage on Monolithic Power Systems in a research report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price target for the company. Rosenblatt Securities reiterated a “neutral” rating and issued a $880.00 price target on shares of Monolithic Power Systems in a research report on Thursday, February 6th. Wells Fargo & Company lifted their price target on Monolithic Power Systems from $610.00 to $710.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Finally, TD Cowen reduced their price target on Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $866.17.

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.