Azimuth Capital Investment Management LLC Trims Stock Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Azimuth Capital Investment Management LLC lowered its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 15.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,394 shares of the semiconductor company's stock after selling 6,323 shares during the period. Azimuth Capital Investment Management LLC owned about 0.07% of Monolithic Power Systems worth $20,351,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MPWR. APG Asset Management N.V. raised its stake in shares of Monolithic Power Systems by 554.5% during the 4th quarter. APG Asset Management N.V. now owns 28,535 shares of the semiconductor company's stock worth $16,305,000 after buying an additional 24,175 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of Monolithic Power Systems by 210.6% in the fourth quarter. Advisory Services Network LLC now owns 1,910 shares of the semiconductor company's stock valued at $1,130,000 after purchasing an additional 1,295 shares in the last quarter. Bank of Nova Scotia grew its position in shares of Monolithic Power Systems by 1,320.0% in the fourth quarter. Bank of Nova Scotia now owns 161,800 shares of the semiconductor company's stock valued at $95,737,000 after purchasing an additional 150,406 shares during the last quarter. FIL Ltd increased its stake in shares of Monolithic Power Systems by 86.3% during the 4th quarter. FIL Ltd now owns 598 shares of the semiconductor company's stock worth $354,000 after purchasing an additional 277 shares in the last quarter. Finally, Rathbones Group PLC raised its position in shares of Monolithic Power Systems by 201.3% during the 4th quarter. Rathbones Group PLC now owns 3,507 shares of the semiconductor company's stock worth $2,075,000 after purchasing an additional 2,343 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MPWR shares. Wells Fargo & Company cut their price target on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a report on Friday, March 21st. Loop Capital upped their target price 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. KeyCorp lifted their price target on shares of Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Needham & Company LLC upped their price objective on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Rosenblatt Securities lowered their target price on shares of Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $844.50.

Monolithic Power Systems Price Performance

MPWR stock traded up $7.11 during trading on Monday, reaching $540.24. 327,104 shares of the stock traded hands, compared to its average volume of 760,065. The firm has a market capitalization of $25.86 billion, a PE ratio of 14.69, a P/E/G ratio of 2.60 and a beta of 1.21. The business's 50 day moving average price is $607.94 and its 200-day moving average price is $667.06. Monolithic Power Systems, Inc. has a 52-week low of $438.86 and a 52-week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last posted 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 20.36% and a net margin of 80.95%. On average, equities research analysts predict 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. Investors of record on Monday, March 31st will be issued a dividend of $1.56 per share. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, March 31st. This represents a $6.24 annualized dividend and a dividend yield of 1.16%. Monolithic Power Systems's payout ratio is presently 16.97%.

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.