Massachusetts Financial Services Co. MA reduced its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 28.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 488,300 shares of the semiconductor company's stock after selling 189,793 shares during the period. Massachusetts Financial Services Co. MA owned 1.00% of Monolithic Power Systems worth $288,927,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Paragon Advisors LLC grew its position in shares of Monolithic Power Systems by 140.6% in 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 during the last quarter. Perpetual Ltd raised its stake in shares of Monolithic Power Systems by 1,042.4% during the 4th quarter. Perpetual Ltd now owns 2,936 shares of the semiconductor company's stock worth $1,737,000 after buying an additional 2,679 shares during the period. ICICI Prudential Asset Management Co Ltd acquired a new position in shares of Monolithic Power Systems during the 4th quarter worth about $3,182,000. Geode Capital Management LLC lifted its holdings in Monolithic Power Systems by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,334,164 shares of the semiconductor company's stock valued at $1,230,626,000 after purchasing an additional 133,838 shares in the last quarter. Finally, Vantage Investment Partners LLC boosted its holdings in shares of Monolithic Power Systems by 4.5% during the 4th quarter. Vantage Investment Partners LLC now owns 34,722 shares of the semiconductor company's stock worth $20,545,000 after purchasing an additional 1,505 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.
Insider Transactions at Monolithic Power Systems
In other news, EVP Maurice Sciammas sold 7,000 shares of the company'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 value of $4,913,860.00. Following the completion of the sale, the executive vice president now directly owns 16,015 shares of the company's stock, valued at approximately $11,242,209.70. This represents a 30.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.70% of the company's stock.
Monolithic Power Systems Stock Performance
Monolithic Power Systems stock traded up $106.65 during midday trading on Wednesday, reaching $561.84. The stock had a trading volume of 2,333,644 shares, compared to its average volume of 745,812. The stock's 50-day simple moving average is $613.29 and its 200 day simple moving average is $674.60. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64. The stock has a market capitalization of $26.89 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 2.60 and a beta of 1.21.
Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $3.17 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%. Equities analysts predict 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 given a dividend of $1.56 per share. This represents a $6.24 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Monolithic Power Systems's previous quarterly dividend of $1.25. Monolithic Power Systems's dividend payout ratio is currently 16.97%.
Wall Street Analyst Weigh In
MPWR has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their price objective on Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a report on Friday, March 21st. KeyCorp increased their price objective on Monolithic Power Systems from $700.00 to $850.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Oppenheimer reaffirmed an "outperform" rating and set a $800.00 price target on shares of Monolithic Power Systems in a research report on Friday, March 21st. Rosenblatt Securities dropped their price objective on shares of Monolithic Power Systems from $800.00 to $750.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Finally, Needham & Company LLC upped their target price on shares of Monolithic Power Systems from $600.00 to $800.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $851.58.
Get Our Latest Research Report on Monolithic Power Systems
Monolithic Power Systems Profile
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Free Report)
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.
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