Congress Asset Management Co. Sells 13,536 Shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Congress Asset Management Co. cut its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 9.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 130,702 shares of the semiconductor company's stock after selling 13,536 shares during the period. Congress Asset Management Co. owned approximately 0.27% of Monolithic Power Systems worth $77,336,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Manchester Capital Management LLC grew its stake in shares of Monolithic Power Systems by 73.9% in the fourth quarter. Manchester Capital Management LLC now owns 120 shares of the semiconductor company's stock valued at $71,000 after acquiring an additional 51 shares in the last quarter. BXM Wealth LLC acquired a new position in shares of Monolithic Power Systems in the fourth quarter valued at about $266,000. Roman Butler Fullerton & Co. acquired a new stake in Monolithic Power Systems during the fourth quarter worth about $273,000. V Square Quantitative Management LLC grew its stake in Monolithic Power Systems by 9.9% during the fourth quarter. V Square Quantitative Management LLC now owns 777 shares of the semiconductor company's stock worth $460,000 after buying an additional 70 shares in the last quarter. Finally, CFC Planning Co LLC acquired a new stake in Monolithic Power Systems during the fourth quarter worth about $511,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Monolithic Power Systems Stock Up 0.3 %

Shares of MPWR stock traded up $1.74 on Wednesday, reaching $692.51. The company had a trading volume of 707,195 shares, compared to its average volume of 887,446. The business's 50-day moving average is $631.75 and its 200 day moving average is $749.13. The stock has a market capitalization of $33.78 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 2.58 and a beta of 1.03. Monolithic Power Systems, Inc. has a one year low of $546.71 and a one year high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings data 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 net margin of 80.95% and a return on equity of 20.36%. On average, sell-side analysts forecast that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Monolithic Power Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.56 dividend. This represents a $6.24 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Monday, March 31st. This is a positive change from Monolithic Power Systems's previous quarterly dividend of $1.25. Monolithic Power Systems's dividend payout ratio (DPR) is 13.60%.

Insider Activity at Monolithic Power Systems

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. This trade represents a 30.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Theodore Blegen sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $600.00, for a total transaction of $1,500,000.00. Following the transaction, the chief financial officer now owns 53,444 shares of the company's stock, valued at approximately $32,066,400. The trade was a 4.47 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MPWR has been the topic of a number of analyst reports. Oppenheimer reduced their price objective 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. TD Cowen reduced their price objective on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Needham & Company LLC increased 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. Rosenblatt Securities reiterated a "neutral" rating and set a $880.00 price objective on shares of Monolithic Power Systems in a research note on Thursday, February 6th. Finally, Wells Fargo & Company increased their price objective on shares of 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. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.