Monolithic Power Systems, Inc. (NASDAQ:MPWR) Position Cut by SRN Advisors LLC

SRN Advisors LLC decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 13.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,896 shares of the semiconductor company’s stock after selling 284 shares during the quarter. SRN Advisors LLC’s holdings in Monolithic Power Systems were worth $1,122,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Assetmark Inc. increased its stake in shares of Monolithic Power Systems by 6.6% in the third quarter. Assetmark Inc. now owns 17,586 shares of the semiconductor company’s stock valued at $16,259,000 after purchasing an additional 1,082 shares during the period. EULAV Asset Management grew its position in Monolithic Power Systems by 8.6% in the 3rd quarter. EULAV Asset Management now owns 108,274 shares of the semiconductor company’s stock valued at $100,099,000 after buying an additional 8,600 shares in the last quarter. Paragon Advisors LLC raised its position in shares of Monolithic Power Systems by 140.6% during the 4th quarter. Paragon Advisors LLC now owns 5,128 shares of the semiconductor company’s stock worth $3,034,000 after buying an additional 2,997 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Monolithic Power Systems by 29.0% in the third quarter. Empowered Funds LLC now owns 4,047 shares of the semiconductor company’s stock valued at $3,741,000 after acquiring an additional 909 shares in the last quarter. Finally, Perpetual Ltd raised its holdings in Monolithic Power Systems by 1,042.4% during the fourth quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company’s stock worth $1,737,000 after purchasing an additional 2,679 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Monolithic Power Systems Stock Up 3.1 %

Shares of NASDAQ:MPWR opened at $671.58 on Thursday. The company’s fifty day moving average is $638.72 and its two-hundred day moving average is $743.91. The company has a market cap of $32.76 billion, a P/E ratio of 18.26, a price-to-earnings-growth 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.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings results 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%. Equities research analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.56 dividend. This is an increase from Monolithic Power Systems’s previous quarterly dividend of $1.25. The ex-dividend date is Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 0.93%. Monolithic Power Systems’s dividend payout ratio is currently 16.97%.

Insider Transactions at Monolithic Power Systems

In other Monolithic Power Systems news, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 53,444 shares in the company, valued at $32,066,400. This represents a 4.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maurice Sciammas sold 7,000 shares of Monolithic Power Systems stock in a transaction 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 directly 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 disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MPWR has been the topic of a number of research reports. Citigroup started coverage on Monolithic Power Systems in a research note on Wednesday, December 11th. They issued a “buy” rating and a $700.00 price objective on the stock. Loop Capital upped their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the company a “buy” rating in a report on Friday, February 7th. Needham & Company LLC lifted their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. KeyCorp increased their target price 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. Finally, TD Cowen decreased their price target on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Two 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $866.17.

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.