Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,094 shares of the semiconductor company's stock after selling 9,392 shares during the quarter. First Trust Advisors LP owned approximately 0.16% of Monolithic Power Systems worth $45,616,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in MPWR. GeoWealth Management LLC boosted its holdings in shares of Monolithic Power Systems by 73.9% during the 4th quarter. GeoWealth Management LLC now owns 287 shares of the semiconductor company's stock worth $170,000 after buying an additional 122 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Monolithic Power Systems by 81.0% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 68,991 shares of the semiconductor company's stock valued at $40,800,000 after buying an additional 30,878 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new position in Monolithic Power Systems during the fourth quarter valued at approximately $3,459,000. Farringdon Capital Ltd. purchased a new stake in shares of Monolithic Power Systems in the fourth quarter worth $240,000. Finally, Marshall Wace LLP bought a new stake in shares of Monolithic Power Systems during the 4th quarter valued at about $61,968,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Monolithic Power Systems news, EVP Maurice Sciammas sold 7,000 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now owns 16,015 shares in the company, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Citigroup decreased their price objective on Monolithic Power Systems from $800.00 to $615.00 and set a "buy" rating on the stock in a report on Friday, April 11th. KeyCorp boosted their target price on 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 reaffirmed 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 upped their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Needham & Company LLC lifted their target price on Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Monolithic Power Systems currently has an average rating of "Moderate Buy" and an average price target of $826.17.

Monolithic Power Systems Stock Performance

MPWR stock traded down $2.02 during midday trading on Tuesday, reaching $583.19. The stock had a trading volume of 125,034 shares, compared to its average volume of 772,330. The firm has a fifty day simple moving average of $575.34 and a two-hundred day simple moving average of $637.59. The stock has a market cap of $27.92 billion, a PE ratio of 15.87, a P/E/G ratio of 2.60 and a beta of 1.21. 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 issued 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 return on equity of 20.36% and a net margin of 80.95%. On average, sell-side analysts predict that Monolithic Power Systems, Inc. will post 13.2 EPS for the current fiscal year.

Monolithic Power Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $1.56 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.07%. 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 presently 16.97%.

Monolithic Power Systems 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.