Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by MGB Wealth Management LLC

MGB Wealth Management LLC reduced its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 46.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 500 shares of the semiconductor company’s stock after selling 432 shares during the quarter. MGB Wealth Management LLC’s holdings in Monolithic Power Systems were worth $296,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MPWR. Van ECK Associates Corp grew its position in shares of Monolithic Power Systems by 73.3% during the fourth quarter. Van ECK Associates Corp now owns 776,026 shares of the semiconductor company’s stock worth $459,174,000 after acquiring an additional 328,203 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Monolithic Power Systems by 5.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 206,652 shares of the semiconductor company’s stock valued at $122,784,000 after purchasing an additional 9,978 shares during the period. Gladstone Institutional Advisory LLC grew its position in Monolithic Power Systems by 47.6% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 397 shares of the semiconductor company’s stock worth $235,000 after purchasing an additional 128 shares during the last quarter. Fortress Financial Solutions LLC acquired a new stake in shares of Monolithic Power Systems in the fourth quarter valued at approximately $347,000. Finally, Shaker Investments LLC OH increased its stake in shares of Monolithic Power Systems by 23.3% in the fourth quarter. Shaker Investments LLC OH now owns 4,886 shares of the semiconductor company’s stock valued at $2,891,000 after purchasing an additional 924 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Performance

NASDAQ MPWR opened at $699.46 on Thursday. Monolithic Power Systems, Inc. has a 1 year low of $546.71 and a 1 year high of $959.64. The business’s fifty day moving average is $625.79 and its two-hundred day moving average is $752.19. The stock has a market capitalization of $34.12 billion, a P/E ratio of 19.02, a P/E/G ratio of 2.53 and a beta of 1.03.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 forecast that Monolithic Power Systems, Inc. will post 13 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $1.56 dividend. This represents a $6.24 annualized dividend and a dividend yield of 0.89%. 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 dividend payout ratio (DPR) is presently 13.60%.

Analysts Set New Price Targets

MPWR has been the subject of a number of recent analyst reports. Citigroup assumed coverage on Monolithic Power Systems in a report on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective for the company. Wells Fargo & Company increased their price target on Monolithic Power Systems from $610.00 to $710.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. KeyCorp lifted their price objective on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Oppenheimer lowered their target price on shares of Monolithic Power Systems from $900.00 to $800.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $880.00 price objective on shares of Monolithic Power Systems in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $866.17.

Insider Transactions at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the firm’s stock in a transaction 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 owns 16,015 shares of the company’s stock, valued at $11,242,209.70. This trade represents a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $600.00, for a total value of $1,500,000.00. Following the transaction, the chief financial officer now directly owns 53,444 shares in the company, valued at $32,066,400. The trade was a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

Monolithic Power Systems Company 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.