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

Mount Yale Investment Advisors LLC cut its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 15.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 789 shares of the semiconductor company’s stock after selling 149 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Monolithic Power Systems were worth $467,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Public Sector Pension Investment Board increased its holdings in shares of Monolithic Power Systems by 76.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 1,884 shares of the semiconductor company’s stock worth $1,548,000 after acquiring an additional 818 shares during the period. Creative Planning raised its holdings in shares of Monolithic Power Systems by 10.8% during the second quarter. Creative Planning now owns 5,818 shares of the semiconductor company’s stock valued at $4,780,000 after buying an additional 566 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Monolithic Power Systems by 31.1% during the second quarter. NewEdge Advisors LLC now owns 9,709 shares of the semiconductor company’s stock worth $7,978,000 after buying an additional 2,301 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Monolithic Power Systems by 5.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 825 shares of the semiconductor company’s stock worth $676,000 after buying an additional 45 shares in the last quarter. Finally, Advisory Alpha LLC acquired a new stake in Monolithic Power Systems in the 2nd quarter valued at approximately $268,000. 93.46% of the stock is currently owned by institutional investors.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $617.57 on Wednesday. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64. The stock has a market capitalization of $30.13 billion, a P/E ratio of 69.62, a P/E/G ratio of 2.64 and a beta of 1.03. The business’s fifty day moving average is $605.71 and its two-hundred day moving average is $764.65.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.99 EPS for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.05). Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. The firm had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. On average, research analysts forecast that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $1.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $5.00 annualized dividend and a dividend yield of 0.81%. Monolithic Power Systems’s dividend payout ratio (DPR) is presently 56.37%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MPWR shares. KeyCorp reduced their price target on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Truist Financial reiterated a “buy” rating and issued a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a research report on Wednesday, October 2nd. Needham & Company LLC lowered their target price on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Rosenblatt Securities lowered shares of Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company initiated coverage on shares of Monolithic Power Systems in a research note on Friday, November 22nd. They set an “equal weight” rating and a $610.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $828.67.

Insider Buying and Selling

In related news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $772.96, for a total value of $1,932,400.00. Following the completion of the sale, the chief financial officer now directly owns 56,678 shares of the company’s stock, valued at approximately $43,809,826.88. This represents a 4.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deming Xiao sold 866 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the sale, the executive vice president now owns 162,239 shares of the company’s stock, valued at $124,135,548.46. The trade was a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,600 shares of company stock valued at $4,656,631. Company insiders own 3.70% of the company’s stock.

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.