FourThought Financial Partners LLC Sells 3,019 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

FourThought Financial Partners LLC reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 65.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,619 shares of the semiconductor company’s stock after selling 3,019 shares during the period. FourThought Financial Partners LLC’s holdings in Monolithic Power Systems were worth $958,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MPWR. Assenagon Asset Management S.A. boosted its stake in Monolithic Power Systems by 3.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,165 shares of the semiconductor company’s stock valued at $1,077,000 after buying an additional 37 shares during the period. Ballentine Partners LLC bought a new stake in Monolithic Power Systems during the third quarter valued at $301,000. Allworth Financial LP boosted its stake in Monolithic Power Systems by 13.0% during the third quarter. Allworth Financial LP now owns 139 shares of the semiconductor company’s stock valued at $128,000 after buying an additional 16 shares during the period. Nisa Investment Advisors LLC boosted its stake in Monolithic Power Systems by 57.3% during the third quarter. Nisa Investment Advisors LLC now owns 19,594 shares of the semiconductor company’s stock valued at $18,139,000 after buying an additional 7,137 shares during the period. Finally, Autumn Glory Partners LLC bought a new stake in Monolithic Power Systems during the third quarter valued at $209,000. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

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

Analysts Set New Price Targets

MPWR has been the topic of a number of research reports. Loop Capital raised their price target on Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Oppenheimer decreased their price objective on Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Needham & Company LLC lifted their price objective on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Wells Fargo & Company lifted their price objective on Monolithic Power Systems from $610.00 to $710.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Finally, Citigroup started coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $866.17.

Monolithic Power Systems Price Performance

Shares of NASDAQ:MPWR opened at $651.32 on Wednesday. The stock’s 50-day moving average is $638.72 and its 200 day moving average is $743.91. The company has a market cap of $31.77 billion, a PE ratio of 17.71, a P/E/G ratio of 2.60 and a beta of 1.03. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share 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 expect that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $1.56 per share. This represents a $6.24 annualized dividend and a yield of 0.96%. This is a boost from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. Monolithic Power Systems’s payout ratio is presently 16.97%.

Monolithic Power Systems Profile

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.