Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Comgest Global Investors S.A.S.

Comgest Global Investors S.A.S. decreased its stake in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 28.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 16,068 shares of the semiconductor company's stock after selling 6,319 shares during the period. Comgest Global Investors S.A.S.'s holdings in Monolithic Power Systems were worth $9,507,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Avantax Advisory Services Inc. grew its holdings in shares of Monolithic Power Systems by 0.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company's stock valued at $1,893,000 after purchasing an additional 14 shares during the last quarter. WP Advisors LLC increased its holdings in shares of Monolithic Power Systems by 3.2% in the fourth quarter. WP Advisors LLC now owns 522 shares of the semiconductor company's stock worth $309,000 after buying an additional 16 shares during the period. Allworth Financial LP lifted its stake in shares of Monolithic Power Systems by 11.5% in the 4th quarter. Allworth Financial LP now owns 155 shares of the semiconductor company's stock valued at $92,000 after acquiring an additional 16 shares during the last quarter. Keybank National Association OH boosted its holdings in Monolithic Power Systems by 1.2% during the 4th quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company's stock valued at $1,079,000 after acquiring an additional 22 shares during the period. Finally, Truvestments Capital LLC grew its position in Monolithic Power Systems by 5.0% during the 4th quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company's stock worth $273,000 after acquiring an additional 22 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on MPWR shares. Wells Fargo & Company lowered their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Oppenheimer reissued an "outperform" rating and set a $800.00 price objective on shares of Monolithic Power Systems in a research report on Friday, March 21st. Loop Capital raised their target price on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Needham & Company LLC boosted their target price on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, KeyCorp boosted their target price on Monolithic Power Systems from $700.00 to $850.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $826.17.

Monolithic Power Systems Stock Down 0.2 %

Shares of Monolithic Power Systems stock traded down $1.28 on Friday, reaching $523.58. 864,580 shares of the stock were exchanged, compared to its average volume of 769,284. The business has a 50 day moving average price of $595.76 and a two-hundred day moving average price of $659.80. The firm has a market capitalization of $25.06 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 2.60 and a beta of 1.21. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $3.17 earnings per share 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%. Research analysts forecast that Monolithic Power Systems, Inc. will post 13.2 EPS for the current year.

Monolithic Power Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $1.56 per share. The ex-dividend date was Monday, March 31st. This is a boost from Monolithic Power Systems's previous quarterly dividend of $1.25. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.19%. Monolithic Power Systems's dividend payout ratio (DPR) is 16.97%.

Insider Activity at Monolithic Power Systems

In other news, EVP Maurice Sciammas sold 7,000 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now owns 16,015 shares of the company's stock, valued at approximately $11,242,209.70. The trade was a 30.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.70% of the stock is owned by company 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.