Alliancebernstein L.P. Sells 101,763 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Alliancebernstein L.P. lessened its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 22.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 343,202 shares of the semiconductor company’s stock after selling 101,763 shares during the quarter. Alliancebernstein L.P. owned approximately 0.70% of Monolithic Power Systems worth $203,073,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tradewinds Capital Management LLC grew its stake in Monolithic Power Systems by 120.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 44 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 24 shares during the last quarter. OFI Invest Asset Management bought a new stake in shares of Monolithic Power Systems in the 4th quarter valued at about $27,000. West Oak Capital LLC grew its position in shares of Monolithic Power Systems by 990.9% in the 4th quarter. West Oak Capital LLC now owns 600 shares of the semiconductor company’s stock worth $32,000 after buying an additional 545 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of Monolithic Power Systems during the 4th quarter worth approximately $39,000. Finally, AlphaQuest LLC purchased a new stake in Monolithic Power Systems during the fourth quarter valued at approximately $41,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $701.98, for a total transaction of $4,913,860.00. Following the sale, the executive vice president now owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is owned by company insiders.

Analyst Ratings Changes

MPWR has been the topic of a number of recent analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, March 21st. Rosenblatt Securities reduced their target price on Monolithic Power Systems from $800.00 to $750.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Needham & Company LLC raised their price target on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, February 7th. KeyCorp upped their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Citigroup began coverage on shares of Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $851.58.

Monolithic Power Systems Trading Up 0.0 %

Shares of NASDAQ MPWR opened at $579.98 on Tuesday. The stock has a market cap of $27.76 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a 12 month low of $546.71 and a 12 month high of $959.64. The company has a 50 day simple moving average of $636.20 and a two-hundred day simple moving average of $695.03.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly 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 net margin of 80.95% and a return on equity of 20.36%. Analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 1.08%. This is a positive change from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s dividend payout ratio (DPR) is 16.97%.

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.